The Supply of Workers in a Particular Occupation Could Be

question 95

Multiple Choice

The supply of workers in a particular occupation could be relatively small if

• A) training costs are high.
• B) job features are undesirable.
• C) there are few people with the required skills.
• D) All of the above are correct.

---

Definitions:

Third Worker

Refers to an additional laborer in a scenario, typically discussed in the context of marginal productivity or the law of diminishing returns.

Profit-Maximizing Quantity

The level of production at which a firm achieves the highest possible profit.

Good Increases

A term that is not well-defined in an economic context; possibly refers to growth in the quality or quantity of goods.

Labor

Human effort used in production which can include physical and mental contribution.