The Labor Supply Curve Faced by a Large Firm in a Small

question 14

Multiple Choice

The labor supply curve faced by a large firm in a small city is given by w = 60 + 0.05L, where L is the number of units of labor per week hired by the large firm and w is the weekly wage rate that it pays. If the firm is currently hiring 1,000 units of labor per week, then the marginal cost of a unit of labor to the firm

• A) equals the wage rate.
• B) is twice the wage rate.
• C) equals the wage rate plus $100.
• D) equals the wage rate plus $50.
• E) equals the wage rate plus $150.

Describe the disengagement theory and its relevance to happiness in late adulthood.

Develop strategies for recognizing and responding to signs of suicidal contemplation.

Understand the symptoms and causes of jet lag and how it affects one's sleep pattern and overall wellbeing.

Comprehend different states of consciousness including wakefulness, dreaming, and altered states.