Supply and demand framework, Marketing Management

The market for labor can be studied use a supply and demand framework.  The demand for labor is from employers who use labor to produce goods and services.  The supply of labor is from workers who forego their time to work.  What happen to the price(wages) and quantity of college educated workers in the United States if the following events happen.  Analyze each event separately using the model of supply and demand.  Illustrate each event with a graph of demand and supply.  Label curves, relevant points, and axes.

a.    The United States uses the draft for the Vietnam War from 1964 to 1973, while offering draft deferments to college students.

b.    Skill-biased technological change increases the productivity of college educated workers who have the skills to use new information technology.

c.    The Gozer-Destroyer plague of 2014 kills twenty percent of the people who are infected through unsanitary computer keyboards.

d.    Fifty million college educated workers move to America from Europe and Asia in the great migration of 2013.

Posted Date: 3/13/2013 6:23:13 AM | Location : United States







Related Discussions:- Supply and demand framework, Assignment Help, Ask Question on Supply and demand framework, Get Answer, Expert's Help, Supply and demand framework Discussions

Write discussion on Supply and demand framework
Your posts are moderated
Related Questions
i)  The monthly (or whatever period the futures contract is specified in) listed price of each of the four contracts for a period of 12 months. ii) The monthly spot prices for e

A planning in which a business expands its activities to include allocation or lines of business related to the selling of its core products.

marketing strategy for guess perfume

Problem 1 Given the importance of environmental issues from a political, social, economic and business point of view, it should come as no surprise that accounting for the env

What is Introductory Stage in marketing strategies? Introductory Stage: a. Rapid skimming strategy : New product launch at high rate and a high promotion level. High pri

Affordability Based Pricing  : The affordability based pricing is relevant in regard  of  necessary  commodities,  which  meet  the  basic  requirement  of  all sections of peop

Q. What do you signify by Communication Process? Communication has been definite as a process in which exchange of ideas and information takes place among different persons. It

how to draw consumer profile of a typical buyer of ray ban?

Question: "Customer care has long been a major training requirement for organizations which seek the so-called "sustainable competitive advantage". This comes as no surprise wh

Discuss the basic steps involved in management of the organization''s sales force:setting sales force objectives