#### Question Details

(Answered)-Question 1 (Multiple Choice) Use the graph below to answer the

Question 1?(Multiple Choice)

Use the graph below to answer the following question.?**There are two correct answers.**

?the equilibrium pay rate will be $90,000.

?economic rent will fall for the 490 crane operators.?economic rent will increase for the first 316 operators.?the equilibrium pay rate will equal $100,000.?the economic rent for all crane operators will fall to zero.Use the graph below to answer the following question.?**There are two correct answers.**

?earnings average $80,000 and 442 operators are working.

?economic rent for the first crane operator equals $30,000.?economic rent equals zero for all operators.?earnings average $51,000 and 155 operators are working.?earnings average $100,000.Use the graph below to answer the following question.?**There are two correct answers.**

?salaries will rise to $90,000 and 490 crane operators will be working.

?economic rent will increase for the first 442 crane operators.?economic rent will decrease for all crane operators.?salaries will rise to $100,000.?the new equilibrium quantity of crane operators will fall to 442.As the technology associated with producing ethanol increases, there will

most likely be a/an _____________ in the demand for labor and

_____________ wages in the labor sector of this industry.?**You will have one answer choice.**

Statistical software is considered a complement in the demand for

economists. This means that if the demand for economists increases, the

demand for such software will?**(You will have one answer choice.)**

The market demand for construction workers is the ______________ summation of all ____________ curves for similar labor.?**You will have one answer choice.**

Use the graph below to answer the following question.?**There is one correct answer.**

?$70,000

?$80,000?$10,000??$51,000?$100,000Use the graph below to answer the following question.?**There is one correct answer.**

?zero, zero

?155, about $20,000?209, zero?zero, about $25,000??zero, about $40,000?Which of the following is an example of a substitute for labor in production of pickup trucks??**You will have two answer choices.**

Which of the following is true about the market supply curve for hockey players??**You will have two answer choices.**

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