If the Number of Employees Who Quit, Are Fired, or Retire

question 154

Multiple Choice

If the number of employees who quit, are fired, or retire increases while the hiring of new employees declines, this indicates that the

• A)labor demand curve is shifting to the right.
• B)labor supply curve is shifting to the right.
• C)labor demand curve is shifting to the left.
• D)labor supply curve and labor demand curve are both shifting to the right.

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Definitions:

Relevant Range

The range of activity within which assumptions about variable and fixed cost behaviors are valid.

Car Washing Labour Cost

The expense associated with the human effort required in the process of cleaning cars.

Coefficient Of Determination

A statistical measure, represented as a number between 0 and 1, that indicates the proportion of the variance in the dependent variable that is predictable from the independent variable(s).

Regression Model

A statistical technique used to understand the relationship between independent variables and a dependent variable, helping in prediction and forecasting.