Multiple Choice
Consider the diagram for a labour market in which the relevant job attribute is the instability of the hours. In other words, less stable jobs are characterized by irregular hours, with no guarantee of a full time job, but with the possibility of overtime hours some weeks. What would the curves look like?
A) The model cannot be used for this situation
B) Positively sloped isoprofit curves and negatively sloped isoutility curves
C) Negatively sloped isoprofit curves and positively sloped isoutility curves
D) Negatively sloped isoprofit and isoutility curves
E) Positively sloped isoprofit and isoutility curves
Correct Answer:

Verified
Correct Answer:
Verified
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