Ajax Corporation has just decided to let managers work from home one day a week. This decision will make working conditions better and will
A) cause the demand curve for labor for managers to increase.
B) increase the elasticity of demand for labor for managers.
C) lead to an increase in the supply curve of labor for managers.
D) leave the supply curve of labor unchanged.
Ans: C) lead to an increase in the supply curve of labor for managers.
You might also like to view...
A monopolistically competitive firm always faces a(n) ________
A) horizontal demand curve B) vertical demand curve C) upward sloping demand curve D) downward sloping demand curve
Tim is offered two gambles. With gamble A, he either gains $2 or loses $1 with a 50 percent probability. With gamble B, he either gains $3 or loses $2 with a 50 percent probability. Tim prefers gamble B to gamble A. What can we conclude?
A. Tim is risk neutral. B. Tim is risk loving. C. Tim is risk averse. D. Insufficient information to determine.