Suppose That the Wage Is $20 Per Hour in a Two­sector

question 62

Multiple Choice

Suppose that the wage is $20 per hour in a two­sector
(manufacturing and agriculture) specific­factors model.
Currently, the prices of manufactured and agricultural
Outputs are $5 and $1, respectively; the marginal
Product of labor in the manufactured sector is 6 units
Per hour; and the marginal product of labor in the
Agricultural sector is 10 units per hour.What will happen
To the distribution of labor between the two sectors?

• A)Nothing will happen.The current allocation of labor between the two sectors is ideal.
• B)The manufacturing sector will demand more labor, and the agricultural sector will demand less labor at the
• Current wage.
• C)The agricultural sector will demand more labor, and the manufacturing sector will demand less labor at the
• Current wage.
• D)Both the agricultural and the manufacturing sector will demand more labor at the current wage.

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