Consider the Labor Market for Computer Programmers,which Is in Equilibrium

question 42

Multiple Choice

Consider the labor market for computer programmers,which is in equilibrium.During the late 1990s,the value of the marginal product of all computer programmers increased dramatically.Holding all else equal,what effect did this process have on the equilibrium wage in the labor market for computer programmers?

• A)The equilibrium wage increased.
• B)The equilibrium wage decreased.
• C)The equilibrium wage did not change.
• D)It is not possible to determine the equilibrium wage.

Interpret graphical or tabulated data related to production costs.

Understand the role of social interaction in shaping norms of sexual behavior.

Analyze the influence of technological change on sexual values and practices.

Describe the connection between queer theory and conflict theory in the context of power and status differentials.

---

Definitions:

Prepaid Insurance

An asset on the balance sheet that represents insurance paid in advance, which will be expensed over the time period it covers.

Rent Expense

The cost incurred from leasing a property or equipment for business operations, recognized as an expense over the lease period.

Share Premium

The amount received by a company over and above the face value of its shares when it issues them.

Capital in Excess

Funds that exceed the par value of issued stock, often referred to as additional paid-in capital or share premium.