Which of the following would cause the demand for computer programmers to increase?
a. a decline in the productivity of computer programmers
b. an increase in the productivity of computer programmers
c. an increase in the wages of computer programmers due to legislative action (that is, the establishment of a price floor for computer programmers)
d. a reduction in the price of a competitive input that can be substituted for computer programmers
B
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Observations of violations of consumer optimum predicted by consumer choice theory could provide support for I. utility analysis II. bounded rationality III. behavioral economics
A) I only. B) III only. C) both I and II. D) both II and III.
Refer to the given data. The labor supply curve facing firms is:
Use the labor demand data on the left and the labor supply data on the right in answering the following question:
A. such that it does not intersect the labor demand curve.
B. upsloping.
C. perfectly inelastic.
D. perfectly elastic.