Question

Which of the following would decrease the demand for labor? (i) a decrease in the output price (ii) an increase in the output price (iii) a labor-saving technological advance A. (i) only B. (i) and (iii) only C. (i) and (ii) only D. (ii) and (iii) only 2. If a worker responds to an increase in the opportunity cost of leisure by taking less leisure, then his labor supply curve is A. horizontal. B. vertical. C. backward sloping. D. upward sloping. 3. If the wages of a CPA decrease, (i) her opportunity cost of leisure increases. (ii) her opportunity cost of leisure decreases. (iii) her hours of labor supply may increase. (iv) her hours of labor supply may decrease. A. (i) and (iii) only B. (ii) and (iv) only C. (i), (iii), and (iv) only D. (ii), (iii), and (iv) only

          Which of the following would decrease the demand for labor?
(i) a decrease in the output price
(ii) an increase in the output price
(iii) a labor-saving technological advance

A. (i) only
B. (i) and (iii) only
C. (i) and (ii) only
D. (ii) and (iii) only

2. If a worker responds to an increase in the opportunity cost of leisure by taking less leisure, then his labor supply curve is

A. horizontal.
B. vertical.
C. backward sloping.
D. upward sloping.

3. If the wages of a CPA decrease,
(i) her opportunity cost of leisure increases.
(ii) her opportunity cost of leisure decreases.
(iii) her hours of labor supply may increase.
(iv) her hours of labor supply may decrease.

A. (i) and (iii) only
B. (ii) and (iv) only
C. (i), (iii), and (iv) only
D. (ii), (iii), and (iv) only

2 which of the following would decrease the demand for labor i a decrease in the output price ii an increase in the output price iii a labor saving technological advance a i only b i and iii 39598

Added by Haley F.

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