Equilibrium wage and equilibrium employment

Assignment Help Business Economics
Reference no: EM131393589

consider a labor market the labor demand curve is flatter than the labor supply curve. In the initial situation, the equilibrium in this market occurs on the "backwards-bending" part of the labor supply curve. Which of the following best discribes the effect of an improvement in technology of all producers on the equilibrium wage and equilibrium employment?

Reference no: EM131393589

Questions Cloud

Explain any challenges related to use of data to prevent : Explain at least three ways in which law enforcement may utilize data from crime mapping to prevent and/or address crime.Explain any challenges related to the use of this data to prevent or address crime.Explain how crime mapping as a technological s..
How much should the firm charge for package : A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 90 - 0.5P, and the marginal cost of production is $110. Determine the optimal number of units to put in ..
What is the load regulation : If a 5.0 V power supply has an output resistance of 80 m and a specified maximum output current of 1.0 A, what is the load regulation? Give the result as a % and as a %/mA.
Discuss issues that whole foods market is facing : Clearly identify the strengths and weaknesses of each model. Identify and discuss two or three issues that Whole Foods Market is facing. Determine which model you think is the best one to use
Equilibrium wage and equilibrium employment : consider a labor market the labor demand curve is flatter than the labor supply curve. In the initial situation, the equilibrium in this market occurs on the "backwards-bending" part of the labor supply curve. Which of the following best discribes th..
Significance of price in free market economic system : Competition among businesses has never been greater. Identify and describe several ways that businesses can become more competitive. Explain the significance of “price” in a free market economic system. Describe and provide examples of 3 different st..
What is the value of the reference voltage : A certain series regulator has an output voltage of 8 V. If the op-amp's closed loop gain is 4, what is the value of the reference voltage?
Determine the line regulation : Determine the line regulation and express it as a percentge change over the entire range of ge change over the entire range of VIN.
Accelerator influence both aggregate demand and supply : How does the Financial Accelerator influence both aggregate demand and supply? How is Bernanke & Gertler’s analysis pro-cyclical?Consider the following functions: Qd = -4P + 190 and Qs = P - 10. Further assume that the government has institutes a pri..

Reviews

Write a Review

Business Economics Questions & Answers

  What is effect on deposit-to-currency ratio-nominal money

Consider an overlapping-generations model with inside and outside money, where the rate of return on inside money is x, while the rate of return on outside money is 1 z. What is the effect on the deposit-to-currency ratio, nominal money stock M1 and ..

  Recently received a substantial inheritance

Suppose that you learn that a friend recently received a substantial inheritance. Your friend was given two choices: 1) wait 10 years and receive the inheritance or 2) receive the present value of the inheritance (using a 3% discount rate) now. Your ..

  Problems associated with active discretionary fiscal policy

Some examples of political problems associated with active discretionary fiscal policy are.... [Select two] Recognition lag taxpayer-funded favors to special interests Action (administrative) lag Operational (impact) lag

  What will the percentage increase in the money supply be

The money supply is $800 billion, the required reserve ratio is one-sixth, and the simple money multiplier applies to any increases in reserves. The government runs a deficit of $150 billion. What will the percentage increase in the money supply be i..

  What is the real unemployment rate

"Trump Campaign Revives Debate: Is the Unemployment Rate ‘Artificial’?" The Wall Street Journal. "What Is The Real Unemployment Rate?" After reading the articles, draft a response that addresses the controversy over unemployment statistics and how su..

  Which factors can contribute to a reduced perception of risk

Using the housing market as an example, explain the following concepts: (a) loan-to-value ratio (b) asset price bubble (c) financial accelerator. In the financial asset feedback process, which factors can contribute to a reduced perception of risk?

  Economys self-correcting adjustments process

As an inflationary gap is eliminated through an economy's self-correcting adjustments process,

  What is the shut-down price for the firm

Assume that the market for wheat is perfectly competitive, with demand curve P = 5000 ? 0.01QD and a supply curve P = 1+0.1QS. Each identical wheat producer has a total cost curve given by T C = 1+Q+Q2 , which results in marginal cost of MC = 1 + 2Q...

  How much should douglas boats expand

Douglas Boats is a supplier of boating equipment for the states of Oregon and Washington. It sells 5,000 White Marine WM-4 diesel engines every year. These engines are shipped to Douglas in a shipping container of 100 cubic feet, and Douglas Boats ke..

  Calculate the annual income effect on hours worked

Suppose you win a lottery, and your after-tax gain is $20,000 per year until you retire. As a result, you decide to work part time at 35 hours per week in your old job instead of the usual 40 hours per week. Calculate the annual income effect on hour..

  What is the elasticity of this curve over range provided

After looking at some reports, you come to the conclusion that when price is 2, quantity is 1, and when price is 6 quantity is 9. Using the midpoint formula, what is the elasticity of this curve over the range provided. a. 5/8 b. 5/4 c. 8/5 d. 2 ..

  Explain why in cross-cultural negotiations

The Influences of Culture and Gender on Negotiations. Discuss the following statements. Assume the role of one of the five parties in the GLOBE Project Study case as you form your answers: Explain why in Cross-Cultural Negotiations, the heuristic of ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd