Suppose That the Labor Market for Life Guards Is Initially

question 333

Multiple Choice

Suppose that the labor market for life guards is initially in equilibrium. Then the marginal productivity of life guards increases. What happens to the equilibrium wage and quantity of life guards?

• A)Both the equilibrium wage and quantity increase.
• B)Both the equilibrium wage and quantity decrease.
• C)The equilibrium wage increases, and the equilibrium quantity decreases.
• D)The equilibrium wage decreases, and the equilibrium quantity increases.

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Definitions:

Unpleasant Events

Incidents or occurrences that cause discomfort, distress, or unhappiness.

Partial Reinforcement

One of several reinforcement schedules in which not every correct response is reinforced.

Resistant to Extinction

Refers to the persistence of learned behaviors or responses after the reinforcement has been eliminated.

Rewarded Behavior

Actions that are positively reinforced, increasing the likelihood of their recurrence.