The Demand for Computers Increases. as a Result

question 4

Multiple Choice

The demand for computers increases. As a result

• A) the quantity demanded of workers increases, the wage rate rises, and the supply of labor increases.
• B) the demand for workers increases, hiring increases, but wages stay the same since each firm faces a horizontal supply curve of labor.
• C) the wage rate increases in the industry and the quantity demanded of workers falls.
• D) the wage rate increases in the industry and the quantity supplied of workers increases.

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Definitions:

Customer Relations

The management and development of interaction between a business and its customers to improve satisfaction and loyalty.

Programmed Decisions

Decisions that are routine and repetitive, which can be addressed through established processes.

Company Policies

Established guidelines and rules that dictate how various aspects of business should be conducted within an organization.

Rate Alternatives

A step in decision-making processes where different options are evaluated based on selected criteria to determine the best choice.