When the quantity of low-skilled workers demanded is 100 hours per day, the wage rate is $6 per hour. When the quantity of high-skilled workers demanded is 100 hours per day, the wage rate is $15 per hour.

The cost of acquiring skill is $9 per hour.
The marginal revenue product of skill is $15 per hour.
The marginal revenue product of skill is $9 per hour.
The cost of acquiring skill is $15 per hour.

When the wage is $4 per hour, the quantity of low-skilled workers supplied is 200 hours per day. When the wage is $14 per hour, the quantity of high-skilled workers supplied is 200 hours per day.

The marginal revenue product of skill is $14 per hour.
The cost of acquiring skill is $4 per hour.
The cost of acquiring skill is $10 per hour.
The marginal revenue product of skill is $10 per hour.

In Meadowlake, the Union of Cheese Producers supports import restrictions. The government responds and decreases imports of cheese. As a result, the ______ curve for domestic cheese workers _______ and the wage rate _______.

demand; shifts leftward; decreases
supply curve; shifts leftward; increases
demand; shifts rightward; increases
supply curve; shifts rightward; decreases

The figure illustrates a monopsony industry. The profit-maximizing wage rate is _______ per hour and the quantity of labour hired will be _______ hours.

$15; 100
$10; 100
$15; 150
$20; 100

If the labour market shown in the following figure became competitive, the equilibrium wage rate would be _______ per hour and the quantity of labour hired would be _______ hours.

$10; 100
$15; 100
$20; 100
$15; 150

If the figure shows the labour market for a monopsonist and a union, the outcome of collective bargaining would be _______ per hour.

$15
between $10 and $15
between $10 and $20
between $15 and $20

In the labour market on the planet of Yerk, there is discrimination between two groups of people, the Mirks and the Morks. If the discrimination is against the Mirks, then the MRP curve for Mirks is _______ the MRP curve for Morks, and the Mirks receive _______ than the Morks.

to the right of; the same wage rate, but fewer Mirks are employed
to the left of; the same wage rate, but fewer Mirks are employed
to the left of; a lower wage rate
to the right of; a lower wage rate

The figure illustrates the demand for and supply of low-skilled workers. What is the wage rate of low-skilled labour and what is the quantity of low-skilled labour employed?

$5 per hour; 5,000 hours per day
$6 per hour; 5 hours per day
$6 per hour; 4 hours per day
$5 per hour; 25,000 hours per day

The figure illustrates the demand for and supply of low-skilled workers. Suppose the government passes pay equity laws and the court-enforced wage rate is $7 per hour. Under pay equity, there is ______________.

a shortage of 4,000 hours per day
a difference of 4 hours between demand and supply
equilibrium at $7 per hour
unemployment of 4,000 hours per day

The figure illustrates the demand for and supply of low-skilled workers. Suppose the government passes pay equity laws and the court-enforced wage rate is $4 per hour. Under pay equity, there is _______________.

a shortage of 2,000 hours per day
a difference of 2 hours between demand and supply
equilibrium at $4 per hour
a shortage of 1,000 hours per day

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