Suppose That the Labor Supply Curve for a Large University

question 4

Multiple Choice

Suppose that the labor supply curve for a large university in a small town is given by w = 140 + 0.02L, where L is number of units of labor per week and w is the weekly wage paid per unit of labor. If the university is currently hiring 1,000 units of labor per week, the marginal cost of an additional unit of labor

• A) equals the wage rate plus $40.
• B) is twice the wage rate.
• C) equals the wage rate plus $20.
• D) equals the wage rate.
• E) equals the wage rate plus $60.

---

Definitions:

Passing

The ability of a person to be regarded as a member of an identity group or category different from their own, especially in contexts of gender, race, social class, etc.

Stigma

Personal characteristics that others view as insurmountable handicaps preventing competent or morally trustworthy behavior.

Mascots

Characters, often anthropomorphic, used to represent a team, brand, or organization, typically for marketing or spirit reasons.

Consequences

Results or effects that stem from specific actions or conditions, potentially leading to positive or negative outcomes.