Suppose All Workers in a Certain Labor Market Are of Either

question 49

Multiple Choice

Suppose all workers in a certain labor market are of either high quality or low quality.Potential employers value a high-quality worker at $15,000 per month and a low-quality worker at $7,500 per month.The monthly supply of high-quality workers is Q^s_H = 0.04(W - 1,500) and the supply of low-quality workers is Q^s_L = 0.08(W - 1,500) ,where W is the monthly wage.If workers' abilities are observable to employers,how many workers of each type do employers hire?

• A) Q_H = 440; Q_L = 440
• B) Q_H = 540; Q_L = 480
• C) Q_H = 440; Q_L = 880
• D) Q_H = 270; Q_L = 240

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Definitions:

Temporal Lobe

A region of the brain located beneath the temples, involved in processing auditory information and encoding memories.

Apraxia

A motor disorder caused by damage to the brain, in which a person has difficulty with the motor planning to perform tasks or movements when asked, despite having the desire and physical ability to do them.

Prosopagnosia

A neurological disorder, also known as face blindness, where the ability to recognize faces is impaired, though other aspects of visual processing and intellectual functioning remain intact.

Initiating Action

The process of beginning or instigating a course of action, often involving decision-making and motor functions.