Choose the statement that is correct. a. the marginal social benefit from labor to workers is leisure forgone. b. an unregulated labor market cannot allocate the economy's scarce labor resources to the jobs in which they are valued most highly. c. the minimum wage results in decreased job search. d. in a labor market with an effective minimum wage, the marginal social benefit of labor is greater than its marginal social cost.

Mandela manufacturing thinks that the best activity base for its manufacturing overhead is machine hours. the estimate of annual overhead costs is $540,000. the company used 1,000 hours of processing for job a15 during the period and incurred actual overhead costs of $580,000. the budgeted machine hours for the year totaled 20,000. what amount of manufacturing overhead should be applied to job a15? $29,000. $540. $580. $27,000.