Suppose That Consumers Suddenly Prefer to Do Business with Left-Handed

question 112

Multiple Choice

Suppose that consumers suddenly prefer to do business with left-handed workers instead of right-handed workers.We would expect that the marginal revenue product of

• A) left-handed workers would rise,which would increase the demand for left-handed workers.This will increase the number of left-handed workers employed,which will in turn increase the marginal product of left-handed workers.
• B) left-handed workers would rise,which would increase the demand for left-handed workers.This will increase the number of left-handed workers employed,which will in turn reduce the marginal product of left-handed workers.
• C) right-handed workers would rise,which would increase the demand for right-handed workers.This will increase the number of right-handed workers employed,which will in turn increase the marginal product of right-handed workers.
• D) right-handed workers would fall,which would reduce the demand for right-handed workers.This will reduce the number of right-handed workers employed,which will in turn reduce the marginal product of right-handed workers.

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Definitions:

Émile Durkheim

A foundational French sociologist known for his studies on social integration, collective conscience, and the role of rituals in societal cohesion.

Participant Observation

A qualitative research method where the researcher immerses themselves in a group or community to observe behaviors and interactions from within.

Covert Observation

Observational research in which the subject(s) are unaware that they are being observed, often used to gather more natural behavior data.

Environment

The surrounding physical, biological, and socioeconomic conditions and factors that influence the growth, development, and survival of organisms and human communities.