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Consider the Labor Market Shown Here

Question 81

Multiple Choice

Consider the labor market shown here. If an efficiency wage of $45 is instituted:
Consider the labor market shown here. If an efficiency wage of $45 is instituted: A) 10,000 fewer workers will be hired. B) 10,000 more workers will be hired. C) it will have no effect on the market, and 15,000 workers will be employed. D) the number of workers who are fired will double.


A) 10,000 fewer workers will be hired.
B) 10,000 more workers will be hired.
C) it will have no effect on the market, and 15,000 workers will be employed.
D) the number of workers who are fired will double.

Correct Answer:

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