and also the second question,
pls answer both, thank you
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and also the second question,
pls answer both, thank you
If a particular labor market were...
PLS ANSWER ALL ASAP!! THANK YOU!!!! 49. If immigrant workers are complementary to n dive workers,...
PLS ANSWER ALL ASAP!! THANK YOU!!!!
49. If immigrant workers are complementary to n dive workers, then A. native workers will be better off with open orders. B. immigrant workers will receive a higher we athan native workers. C. immigration will shift the demand for native abor to the left D. there will be no immigration surplus. E. each firm will hire only immigrants or only ne ives but not a mixture of the two. 50. A perfectly discriminating monopsonis...
Question 13 2.5 points Save Answer A wholmer sols wheat in a perfectly competitive market and...
Question 13 2.5 points Save Answer A wholmer sols wheat in a perfectly competitive market and hires labor in a perfectly competitive m marginal product of the fifth workers 10 bushes. What would you advise this former to do? et. The market price of what is $2 a bushel the wage rate is $10, the former employs five workers and the Do noting because the wage rate and the marginal product of the last worker hired are equal Raduce m...
Question 7 2 pts What information can the labor supply and labor demand curves give you...
Question 7 2 pts What information can the labor supply and labor demand curves give you together? Assume that we do not know how competitive the labor market is, or whether or not there is a tax or subsidy. Which of the two sides (workers or employers) will bear the burden of a tax The number of workers who are willing to work at a given wage The equilibrium wage The wage at competitive equilibrium Whether or not there will...
NAME 5. If all of the workers in a particular market band together to form a...
NAME 5. If all of the workers in a particular market band together to form a labor union, the union possesses power on theside of the labor market. b supply c. demand a. a single seller b. a single buyer c. a single seller and a single buyer d. a single seller or a single buyer 7. A bilateral monopoly exists when: a. the market for labor is perfectly competitive. b. the employer is a monopolist in both the product...
15. The following diagram shows the marginal of labor in the production of lemongrass revenue product...
15. The following diagram shows the marginal of labor in the production of lemongrass revenue product of labor and the supply Wage ($/hour) $42 14 MRPL 56 Quantity of labor Express the marginal revenue product of labor in the lemongrass industry mathematically. a. b. Express the supply of 1abor in the 1emongrass industry mathematically. If lemongrass production were many workers would be hired and what wage would they be paid? competitive in both input and output markets, how C. d....
consider a labor market experiment involving four buyers (firms) and four sellers (workers). Each firm seeks...
consider a labor market experiment involving four buyers (firms) and four sellers (workers). Each firm seeks to hire a single worker and each worker can work for a single firm. Each firm has a maximum revenue they can earn per worker hired. Each worker has a cost of working, which represents the value of his or her leisure time. Suppose the revenues from hiring a worker are $23, $15 and $21 and $17 for firms 1, 2, 3 and 4,...
Please chose the right answer and explain why. Thank you Question 1 1 pts In the...
Please chose the right answer and explain why. Thank you
Question 1 1 pts In the graph below, what area represents the producer surplus received by workers in the unregulated labor market? Wage Rate ($/hour) Labor Market Supply of Labor Minimum wage X TEL< KIN Demand for Labor 1.7 2 2.4 Quantity (Number of Workers, Millions) OV OX OX+Z O V+W +Y OW+Y+X+Z Question 2 1 pts Suppose that the government mandates a minimum wage, as shown in the graph...
According to the marginal productivity theory of distribution, a) the market labor supply curve bends backward....
According to the marginal productivity theory of distribution, a) the market labor supply curve bends backward. b) labor distributes work hours evenly between the income and substitution effects. c) each input receives a payment equal to its marginal revenue product. d) as the wage rises in a particular profession, fewer people want to work in this profession because of the income effect Which of the following situations is a monopsomy? a) The buyer is a price searcher. b) The seller...
What information can the labor supply curve give you by itself (no other curves)? Assume that...
What information can the labor supply curve give you by itself (no other curves)? Assume that we do not know how competitive the labor market is. Group of answer choices Level of employment Number of workers who are willing to work at a given wage Quantity of labor supplied at a given wage Marginal cost of workers' time Marginal cost of labor Opportunity costs of workers' time Cost of hiring one more worker
A case study in chapter 6 discusses the federal minimum-wage law. Suppose the minimum wage is...
A case study in chapter 6 discusses the federal minimum-wage law. Suppose the minimum wage is above the equilibrium wage in the market for unskilled labor. Using a supply-and-demand diagram of the market for unskilled labor, show the market wage, the number of workers who are employed, and the number of workers who are unemployed. Also show the total wage payments to unskilled workers. Now suppose the secretary of labor proposes a decrease in the minimum wage (with the lower...
PLS ANSWER ALL ASAP!! THANK YOU!!!!
49. If immigrant workers are complementary to n dive workers, then A. native workers will be better off with open orders. B. immigrant workers will receive a higher we athan native workers. C. immigration will shift the demand for native abor to the left D. there will be no immigration surplus. E. each firm will hire only immigrants or only ne ives but not a mixture of the two. 50. A perfectly discriminating monopsonis...
Question 13 2.5 points Save Answer A wholmer sols wheat in a perfectly competitive market and hires labor in a perfectly competitive m marginal product of the fifth workers 10 bushes. What would you advise this former to do? et. The market price of what is $2 a bushel the wage rate is $10, the former employs five workers and the Do noting because the wage rate and the marginal product of the last worker hired are equal Raduce m...
Question 7 2 pts What information can the labor supply and labor demand curves give you together? Assume that we do not know how competitive the labor market is, or whether or not there is a tax or subsidy. Which of the two sides (workers or employers) will bear the burden of a tax The number of workers who are willing to work at a given wage The equilibrium wage The wage at competitive equilibrium Whether or not there will...
NAME 5. If all of the workers in a particular market band together to form a labor union, the union possesses power on theside of the labor market. b supply c. demand a. a single seller b. a single buyer c. a single seller and a single buyer d. a single seller or a single buyer 7. A bilateral monopoly exists when: a. the market for labor is perfectly competitive. b. the employer is a monopolist in both the product...
15. The following diagram shows the marginal of labor in the production of lemongrass revenue product of labor and the supply Wage ($/hour) $42 14 MRPL 56 Quantity of labor Express the marginal revenue product of labor in the lemongrass industry mathematically. a. b. Express the supply of 1abor in the 1emongrass industry mathematically. If lemongrass production were many workers would be hired and what wage would they be paid? competitive in both input and output markets, how C. d....
Please chose the right answer and explain why. Thank you
Question 1 1 pts In the graph below, what area represents the producer surplus received by workers in the unregulated labor market? Wage Rate ($/hour) Labor Market Supply of Labor Minimum wage X TEL< KIN Demand for Labor 1.7 2 2.4 Quantity (Number of Workers, Millions) OV OX OX+Z O V+W +Y OW+Y+X+Z Question 2 1 pts Suppose that the government mandates a minimum wage, as shown in the graph...
According to the marginal productivity theory of distribution, a) the market labor supply curve bends backward. b) labor distributes work hours evenly between the income and substitution effects. c) each input receives a payment equal to its marginal revenue product. d) as the wage rises in a particular profession, fewer people want to work in this profession because of the income effect Which of the following situations is a monopsomy? a) The buyer is a price searcher. b) The seller...
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