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1.Which of the following is a cost borne by an employee? The cost incurred in looking for alternative job opportunitiesA fall in overall productivity as a result of hiring the wrong personThe cost of training in the new firm The cost of extra work done by existing employees due to an unfilled positionQuestion 2 1.An important distinction between the labor market and the market for commodities is: Question 3 1.A written contract between an employer and an employee creates value as long as: Question 4 1.Marginal product of labor is: Question 5 1.In competitive markets, the elasticity of labor supply is: unrelated to time.inversely proportional to time elapsed since a wage change.
unity.directly proportional to time elapsed since a wage change.