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:

Sound Contrasts

Differences in sound that distinguish one phoneme from another in a particular language.

Garden Path Sentences

Sentences that begin in such a way that a reader's most likely interpretation will be incorrect; they lead the reader down the "garden path."

Extralinguistic Factors

Elements outside of the language system itself, such as social context, speaker's intent, and cultural norms, that influence how language is understood and used.

Conversational Inference

The process by which listeners make sense of and interpret statements made by speakers in the context of everyday conversation, often using implicit clues beyond the literal meaning.