Consider the labor market shown here. If an efficiency wage of $14 is instituted in this market:

A)4,000 workers who are willing to work will not find employment.
B)6,000 workers will be employed.
C)8,000 workers who are willing to work will not find employment.
D)the available number of workers will be 14,000.

Question

Consider the labor market shown here. If an efficiency wage of $14 is instituted in this market:

A)4,000 workers who are willing to work will not find employment. 
B)6,000 workers will be employed. 
C)8,000 workers who are willing to work will not find employment. 
D)the available number of workers will be 14,000.

Quizplus · Accepted Answer

The Answer of Consider the labor market shown here. If an efficiency wage of $14 is instituted in this market:

A)4,000 workers who are willing to work will not find employment. 
B)6,000 workers will be employed. 
C)8,000 workers who are willing to work will not find employment. 
D)the available number of workers will be 14,000.

Consider the Labor Market Shown Here