Use the graph to answer the question that follows. Based on the graph, which of the following factors can cause the market labor supply curve for the telecommunications industry to shift from S1 to S2? A-An increase in the marginal revenue product of every telecommunications firm B-A decrease in the number of domestic residents immigrating to foreign countries C-An increase in the wage rate of all telecommunications workers within the country D-A decrease in the value of leisure time by all domestic telecommunications workers E-An increase in the percentage of elderly individuals retiring from telecommunications (2)Suppliers of factors of production in a perfectly competitive market respond to higher factor prices by ________ of their factors, ceteris paribus. A-changing the quality. B-increasing the productivity. C-decreasing the productivity D-increasing the quantity available. E-decreasing the quantity available
Use the graph to answer the question that follows.
Based on the graph, which of the following factors can cause the market labor supply curve for the telecommunications industry to shift from S1 to S2?
A-An increase in the marginal revenue product of every telecommunications firm
B-A decrease in the number of domestic residents immigrating to foreign countries
C-An increase in the wage rate of all telecommunications workers within the country
D-A decrease in the value of leisure time by all domestic telecommunications workers
E-An increase in the percentage of elderly individuals retiring from telecommunications
(2)Suppliers of factors of production in a
A-changing the quality. B-increasing the productivity. C-decreasing the productivity
D-increasing the quantity available. E-decreasing the quantity available
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Hi, there. I need a clarification of question number 1, which choice is the best answer?
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