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.Management Sciences
A. At equilibrium wages workers sleep when the boss is not looking because workers are not deeply concerned about being fired
B. At equilibrium wages workers often quit to find better jobs.
C. At equilibrium wages only minimally qualified workers apply for the job
D. At equilibrium wages, workers cannot afford a healthy diet so they fall asleep at work due to a lack of energy
E. All of these answers
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- The Marginal Revenue Product is ?
- A. Upward sloping due to the law of demand B. Upward sloping due to the law of marginal utility C. Downward sloping due to the law of diminishing returns D. Downward sloping due to the law of supply...
- A profit maximising firm will employ labour up to the point where ?
- A. Marginal revenue = marginal product B. Marginal cost = marginal product C. Marginal revenue product = average cost of labour D. Marginal revenue product = marginal cost of labour...
- If people are made unemployed because of a fall in aggregate demand this is known as ?
- A. Frictional unemployment B. Seasonal unemployment C. Cyclical unemployment D. Structural unemployment...
- Which of the following types of unemployment will exist even if the wage is at the competitive equilibrium ?
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- Demand for labour is more likely to be wage inelastic if ?
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