The Figure Below Shows the Supply Curve for Labor

question 40

Multiple Choice

The figure below shows the supply curve for labor.Figure 16.1

-Which of the following statements contradicts an upward-sloping market-supply curve?`

• A)All people have backward-bending individual supply curves.
• B)Leisure is more enjoyable than work.
• C)The elasticity of labor supply is larger than the elasticity of labor demand.
• D)To work more means to enjoy less leisure.
• E)The opportunity cost of leisure decreases with an increase in wage rate.

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Definitions:

Pili

Hairlike structures on the surface of many bacteria; function in conjugation or attachment. A sex pilus forms a cytoplasmic bridge with another bacterium and transfers DNA via this bridge.

Streptococci

Streptococci are a genus of gram-positive bacteria, responsible for many diseases in humans and animals, often appearing as chains of cells.

Diplococci

A term used to describe a pair of round bacteria, often found in species such as Streptococcus pneumoniae, which can cause various infections.

Bacilli

A classification of bacteria that are rod-shaped, found in various environments and including both pathogenic and non-pathogenic species.