Answer:
1. An employer has narrowed a list of applicants down to two individuals. The two candidates look nearly identical on paper, but one of them has earned a four-year college degree. The employer decides to offer employment to the college graduate. What does this example illustrate?
Answer- the screening effect
2. A firm sells pairs of jeans. The market price for a pair of jeans is $30. With one worker the firm can make 9 pairs of jeans in an hour. With two workers the firm can make 19 pairs of jeans in an hour. What is the marginal revenue product of labor for the second worker?
Answer- $300 per hour
3. Use the table to determine how many workers the firm will employ when the cost per good is $6 and the wage rate is $25?
Answer- three workers
4. A state agency has recently removed the certification and training requirements for hairdressers in the state. What is likely to happen in the labor market for hairdressers?
Answer- The wages paid to hairdressers will fall.
5. If your goal is to earn the highest wage possible, which of the following industries has the most favorable characteristics?
Answer- There are many firms producing very popular products, but the production process is so technical that properly-trained employees are hard to come by.
Step-by-step explanation:
I did the quick check :)