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I guessed these answers please let me know which ones are the correct onces, Ple

ID: 1092358 • Letter: I

Question

I guessed these answers please let me know which ones are the correct onces, Please see my other questions. Take your time, I will only rate If your answers are correct,Thank you

Total Product of Labor at Debbie's Bakery) Debbie owns a bakery and can hire workers to produce cakes selling in a competitive output market at $10 each. The table Total Product of Labor at Debbie's Bakery shows the relation between the number of workers and the number of cakes produced. If Debbie must pay each worker a competitive market wage of $40 per day, how many workers will she hire to maximize profit? Children raised in poverty have a greater likelihood of living in poverty as adults than do those raised in nonpoor families, because low income is highly correlated with higher: high school dropout rates, risk of mental problems and behavioral disorders, and with higher rates of illness and hospitalization, high school dropout rates. Which of the following would increase a firm's demand for labor? An increase in the wage rate. In the factor market for land, equilibrium rental prices will be the value of marginal product of land. The value of the marginal product is calculated as: A decrease in the demand for pastry chefs may come about because of an: increase in the market wage rate for pastry chefs, increased concern for fitness. increase in the supply of other factors that pastry chefs use. increase in the productivity of pastry chefs. When wage levels are not consistent with marginal productivity theory, it is often because: some workers to seek the highest paying jobs available, regardless of their own abilities. 0 there is discrimination in labor markets and some firms choose to pay efficiency wages, fact that firms do not know what the marginal product of labor is. fact that the model of profit-maximization does not apply to a firm's hiring decisions. An example of a means-tested program is: expenditure on national defense. Social Security payments to the disabled. the food stamp program. purchasing a new city police car. Which of the following is the best example of social insurance? liability insurance for automobiles food stamps 0 Social Security housing subsidies

Explanation / Answer

21. C

22. C

23. C

24. A

25. A

26. C

27. True

28. A

29. C

30. C

31. True

32. C