Consider the labor market for computer programmers, which is in equilibrium. During the late 1990s, the value of the marginal product of all computer programmers increased dramatically.
Holding all else equal, what effect did this process have on the equilibrium wage in the labor market for computer programmers?
a) The equilibrium wage did not change.
b) It is not possible to determine the equilibrium wage.
c) The equilibrium wage decreased.
d) The equilibrium wage increased.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Consider the labor market for computer programmers, which is in equilibrium. During the late 1990s, the value of the marginal product of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What is an advantage of an adjustable-rate mortgage? A borrower always knows how much to pay the bank each month. A borrower can purchase a home with little financial risk. A drop in interest rates may result in lower monthly payments.
Answers (2)
Individual retailers may lack the market power needed to negotiate lower prices. several retailers can join together to have a unified voice and gain market power. such organizations can expand regionally by attracting members with similar interests.
Answers (1)
All other variables held constant, investments paying simple interest have to pay significantly higher interest rates to earn the same amount of interest as an account earning compound interest. A. True B. False
Answers (1)
What is the difference between a price floor and a price ceiling?
Answers (2)
5. Garden Variety Flower Shop uses 750 clay pots a month. The pots are purchased at $2 each. Annual carrying costs per pot are estimated to be 30 percent of cost, and ordering costs are $20 per order.
Answers (1)
New Questions in Business
In the context of the various roles employees take up in an organization, who among the following is most likely to spend a lot of their time listening?
Answers (1)
Because email, chat, and text messages are less formal methods of communication, good technical writing skills are less important for these messages. O True O False
Answers (1)
Several years ago, the United States went to war with Iraq. This led to an increase in government expenditures and a decrease in private consumption and investment. What is the total effect of these circumstances on aggregate demand?
Answers (1)
If the technology is flexible it becomes more difficult to distribute manufacturing in many local facilities. it becomes more difficult to consolidate manufacturing in a few large facilities.
Answers (1)
A person buys a flat screen, plasma, theater-like television. the person has homeowner? s insurance. why would it be appropriate to add a personal property floater to that insurance?
Answers (1)