​Figure 53

question 31

Multiple Choice

​Figure 5.3. The figure shows the wage rate and the quantity of labor supplied in an unskilled labor market.
-Refer to figure 5.3. The surplus or unemployment in the labor market is represented by:​

• A)​a rightward shift in the labor demand curve.
• B)​a fall in price from $6 to $4.
• C)​the distance between Q_II and Q.
• D)​the distance between Q and Q_I.
• E)​the distance between the points A and B.

---

Definitions:

Profit Center

A segment or unit within an organization that is responsible for generating its own revenue and tracking its own costs.

Company Personnel Department

The segment of a business organization that handles hiring, training, employee relations, and benefits administration.

Cost Center

A unit within an organization that does not directly add to profit but still incurs costs, such as a department or project, which needs to be monitored for internal efficiency.

Generates Revenues

The process of bringing in income from business activities, such as sales of goods or services.