Suppose That the Labor Market for Life Guards Is Initially

question 333

Multiple Choice

Suppose that the labor market for life guards is initially in equilibrium. Then the marginal productivity of life guards increases. What happens to the equilibrium wage and quantity of life guards?

• A)Both the equilibrium wage and quantity increase.
• B)Both the equilibrium wage and quantity decrease.
• C)The equilibrium wage increases, and the equilibrium quantity decreases.
• D)The equilibrium wage decreases, and the equilibrium quantity increases.

---

Definitions:

Spelling

The arrangement of letters in the correct order to form words, as per the rules of a language.

Spelling

The process or activity of writing or naming the letters of a word in the correct sequence.

Spelling

The act of placing the letters of a word in the appropriate order as part of writing.

Separate

To set or keep apart; to divide or distinguish between entities or individuals.