Chapter 3 - 1 Chapter 3 Conceptually an employers demand...

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1. Chapter 3 Conceptually, an employer’s demand schedule for labor is equal to Student Response Value Correct Answer Feedback A. the average revenue productivity schedule 0% B. the marginal revenue productivity schedule 100% C. the cost schedule of labor 0% D. whatever it has to pay labor in the marketplac e 0% E. two of the above 0% Score: 0/5 2. Chapter 3 An example of fixed costs of production is Student Response Value Correct Answer Feedback A. building rent 0% B. duplicatin g machine 0% C. heat 0% D. electricity 0% E. all of the above 100% Score: 5/5 3. Chapter 3 The demand for labor is Student Response Value Correct Answer Feedback A. based on 0%
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Student Response Value Correct Answer Feedback managerial wished B. independen t of technology employed 0% C. derived from the demand for goods and services 100% D. is irrelevant for MRP analysis 0% E. all of the above 0% Score: 5/5 4. Chapter 3 The establishment of the upper limit of wages in the bargaining power theory of wages is determined by Student Response Value Correct Answer Feedback A. the national money supply 0% B. the subsistenc e of labor 100% C. legislation 0% D. all of the above 0% E. none of the above 0% Score: 0/5 5. Chapter 3 According to the classic labor market theory wages paid by an employer are Student Respons e Value Correct Answer Feedback A. dependent 0%
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Student Respons e Value Correct Answer Feedback solely on labor supplies B. dependent solely on the demand schedule for labor 0% C. influenced by manager’s willingnes s to pay wages 0% D. a function of the interaction of demand and supply schedules for labor 100% E. a function of labor union influences 0% Score: 0/5 6. Chapter 3
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Christopher Reinemann
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