Solved

Consider the Diagram for a Labour Market in Which the Relevant

Question 8

Multiple Choice

Consider the diagram for a labour market in which the relevant job attribute is the instability of the hours. In other words, less stable jobs are characterized by irregular hours, with no guarantee of a full time job, but with the possibility of overtime hours some weeks. What would the curves look like?


A) The model cannot be used for this situation
B) Positively sloped isoprofit curves and negatively sloped isoutility curves
C) Negatively sloped isoprofit curves and positively sloped isoutility curves
D) Negatively sloped isoprofit and isoutility curves
E) Positively sloped isoprofit and isoutility curves

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents