Figure 19-7 
-Refer to Figure 19-7. The figure shows labor demand and labor supply in a non-unionized labor market. Suppose the current labor demand is D1 and the current labor supply is S1. If a firm in this market decided to pay its workers $18 per hour to increase the productivity of its workers, this firm would be paying a(n)
Definitions:
Stock Dividend
A distribution of a corporation's earnings to its shareholders in the form of additional shares rather than cash.
Uncollectible Receivable
A receivable that is deemed irrecoverable and is written off as a loss because the debtor is unable to fulfill their obligation.
Current Ratio
A liquidity ratio that measures a company's ability to cover its short-term obligations with its short-term assets.
Raw Materials
The basic materials and substances that are used in the initial stages of production and manufacturing.
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