Domestic workers to domestic firms, Managerial Economics

Labor demand for low-skilled workers in the United States is w= 24 -0.1E where E is the number of workers (in millions) and w is the hourly wage. There are 120 million domestic U.S. low-skilled workers who supply labor inelastically. If the United States opened its borders to immigration, 20 million low-skill immigrants would enter the United States and supply labor inelastically. What is the market-clearing wage if immigration is not allowed? What is the market- clearing wage with open borders? How much is the immigration surplus when the United States opens its borders? How much surplus is transferred from domestic workers to domestic firms?

Posted Date: 3/14/2013 7:31:32 AM | Location : United States







Related Discussions:- Domestic workers to domestic firms, Assignment Help, Ask Question on Domestic workers to domestic firms, Get Answer, Expert's Help, Domestic workers to domestic firms Discussions

Write discussion on Domestic workers to domestic firms
Your posts are moderated
Related Questions
Hawtrey views about Trade Cycle Hawtrey views trade cycle as a purely monetary phenomenon. According to him, inventory cycles result from fluctuations caused in the desired rat

Technically Efficient Method of Production Let's suppose that commodity X is produced by two methods by employing capital and labour: Factor inputs Met

Q. Describe the Public Utility Monopoly? Public Utility Monopoly:   Governmental authorities seize complete management and control of some utilities to protect social interest

Rationing of Credit As an instrument of credit control credit rationing was first employment by the bank of England toward the end of the eighteenth century when it imposed a c

Rail Tours sells packaged tours on rail lines, including gourmet meals and a reserved bed. The most popular tours are in the autumn when colors are at their peak. The overnight pac

How do I do a log linear regression in excel

The gap between theory and practise and the role of managerial economics: We have noted above that application of theories to the process of business decision making contributes a

Q. Explain Maximising revenue method? In a number of cases, a firm's demand and cost conditions are such that marginal profits are greater than zero for all levels of productio

Transitional unemployment Transitional unemployment is that situation which prevails due to some temporary reasons.  The main reason for this type of unemployment are:

Ask questiHow does economic theory contribute to managerial decisions? on #Minimum 100 words accepted#