The Hidden Job Market Refers To

question 15

Multiple Choice

The hidden job market refers to:

• A)jobs that have been posted only on the Internet.
• B)jobs obtained through networking sources.
• C)jobs that are unadvertised or that must be "created" by the applicant, who then must make an employer aware of a need the applicant could fill.
• D)all of the above
• E)none of the above

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Definitions:

Marginal Utility

The additional satisfaction or benefit received by a consumer from consuming one more unit of a good or service.

Consumer Equilibrium

A state in microeconomics where a consumer achieves the highest satisfaction possible, given their income constraints and prices of goods and services.

Prices

The amount of money required to purchase a good or service, reflecting the value placed on it by the market.

MU/P

The ratio of marginal utility (MU) to price (P), representing the additional satisfaction gained per unit of currency spent.