Suppose at the Going Wage Rate of $20 Per Hour

question 221

Multiple Choice

Suppose at the going wage rate of $20 per hour, firms can hire as many hours of janitorial services as they desire.If any firm tries to lower the wage rate to $19, it will not be able to hire any janitor.What does this indicate about the supply curve for janitorial services?

• A)Supply is unit-elastic.
• B)Supply is perfectly elastic.
• C)Supply is perfectly inelastic.
• D)Supply is relatively inelastic.

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Definitions:

Surveillance

The close observation, especially of a suspected spy or criminal.

Negative Consequences

Undesired or harmful outcomes that result from an action or decision, affecting individuals or groups in various contexts.

Rating Scale

A method or system used for evaluating or assessing someone or something according to a set of standards or criteria.

Disclosure Devices

Practices and technologies that make people and processes visible, revealing details of what workers do when producing and using knowledge.