A Decrease in the Real Wage Would Result in a

question 28

Multiple Choice

A decrease in the real wage would result in a

• A)movement along the labor demand curve, causing an increase in the number of workers hired by the firm.
• B)shift of the labor demand curve, causing an increase in the number of workers hired by the firm.
• C)movement along the labor demand curve, causing a decrease in the number of workers hired by the firm.
• D)shift of the labor demand curve, causing a decrease in the number of workers hired by the firm.

Understand and apply the concept of independent events in probability.

Calculate the probability of a specific outcome given a probability distribution.

Understand and apply the Poisson distribution to model certain types of random events.

Evaluate statistical evidence to determine if an outcome is significantly unusual.