Because Workers Have Varying Preferences About the Type of Work

question 34

Multiple Choice

Because workers have varying preferences about the type of work they like to do,

• A) the market demand curve for chefs is downward sloping.
• B) the market supply curve for chefs is upward sloping.
• C) the firm supply curve for chefs is vertical.
• D) the firm supply curve for chefs is horizontal.

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Definitions:

Advertisements

Promotional messages or media used to introduce or promote products, services, or ideas to the public and stimulate demand.

Information

Refers to data that has been organized and processed in a way that adds to the knowledge of the person receiving it.

Specific Product

An item clearly defined by its unique features, benefits, and identifier, distinguishable from others.

Salesperson

An individual employed to sell products or services, often working on commission and responsible for managing customer relationships.