Suppose the Elasticity of Labor Demand Is 1

question 37

Multiple Choice

Suppose the elasticity of labor demand is 1.4. Then a decrease in the wage rate will

• A)decrease total wage income.
• B)increase total wage income.
• C)have no impact on total wage income.
• D)have an indeterminate impact on total wage income.

---

Definitions:

Staff RN

Refers to a registered nurse who is employed as a permanent member of the healthcare facility's nursing staff.

Operating Room LPN

A licensed practical nurse who works in the operating room, assisting during surgeries under the supervision of surgeons and registered nurses.

Circulating Nurse

A registered nurse in an operating room who manages the nursing care within the surgical environment, helping to ensure a safe and sterile procedure.

Informed Consent

The process by which a patient voluntarily agrees to a proposed medical treatment after understanding its risks, benefits, and alternatives.