Consider the Labor Market for Computer Programmers

question 86

Multiple Choice

Consider the labor market for computer programmers.During the late 1990s,the value of the marginal product of all computer programmers increased dramatically.Holding all else equal,what effect did this process have on the equilibrium quantity in the labor market for computer programmers?

• A) The equilibrium quantity increased.
• B) The equilibrium quantity decreased.
• C) The equilibrium quantity did not change.
• D) It is not possible to determine the equilibrium quantity.

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Definitions:

Cooperation

Collaborative behavior or action taken by individuals or groups working towards a common goal or benefit, emphasizing teamwork and mutual support.

Manifest Conflict

A type of conflict that is openly expressed and observed, often involving direct confrontation between parties.

Supervisor-subordinate

The dynamic relationship between a manager or leader and their direct reports, characterized by guidance, oversight, and performance evaluation.

Vertical Conflict

Conflict that arises between different levels of an organizational hierarchy, such as between management and staff, often due to miscommunication or differing objectives.