Write the Equation in Standard Form

question 6

Multiple Choice

Write the equation in standard form.
-y - 5 = - 53 (x - 1)

• A) 5x - 3y = 20
• B) 5x - 3y = -10
• C) 5x + 3y = 20
• D) 5x + 3y = -10

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Definitions:

Efficiency Wages

A theory suggesting that employers pay higher than the market-clearing wage to increase worker productivity, loyalty, and satisfaction, thus reducing turnover and shirking.

Equilibrium Level

The state in which market supply and demand balance each other, and, as a result, prices become stable.

Increase Unemployment

Refers to a situation where the number of individuals in a workforce who are without a job, and are actively seeking employment, rises.

Union Bargains

Union bargains involve negotiations between labor unions and employers on employment terms, such as wages, working conditions, and benefits for the workers.