Three wage rates in the order of least sticky to most sticky

Assignment Help Business Economics

Reference no: EM131172278

Rank these three wage rates in the order of least sticky to most sticky: minimum wage workers, nurses, movie stars. A) movie stars, nurses, minimum wage workers B) minimum wage workers, nurses, movie stars C) movie stars, minimum wage workers, nurses D) minimum wage workers, movie stars, nurses

Reference no: EM131172278

Questions Cloud

Derive the long run demands for capital and labor : A firm has a production function given by Q=10K^0.25L^0.25. Suppose that each unit of capital costs R and each unit of labor costs W. Derive the long run demands for capital and labor. Derive the total cost curve for this firm. Derive the long-run av..

Discuss the minipublics-types of institutional design : Discuss the minipublics (types of institutional design) presented by Archon Fung. Which one(s), in your view, provide the best avenues for deliberation and civic participation on the part of the citizens and the institutions of governance?

Suppose that the price of gasoline at particular station : Suppose that the price of gasoline at a particular station two months ago was $2.80 per gallon (keep it simple—assume one grade of gas). The past month, the price of gas was $3.10 per gallon. Assuming 20,100 gallons were sold two months ago and 20,00..

Calculate elasticity of supply-is it elastic or inelastic : The Mag Transit owners see the change in profits from the price decrease in May and the projection for June. They decide to go back to a price of $10.00 and have 31,000 deliveries in June. Calculate the Elasticity of Supply. Is it elastic or inelasti..

Three wage rates in the order of least sticky to most sticky : Rank these three wage rates in the order of least sticky to most sticky: minimum wage workers, nurses, movie stars.

Economists started to make distinction between : Following Keynes' work in explaining the Great Depression, economists started to make a distinction between.

Perfectly competitive firm operates in short-run with labor : A perfectly competitive firm operates in the short-run with labor as its only variable factor. At what weekly output is marginal cost equal to average variable cost? What is the minimum product price at which the firm will operate in the short-run? H..

Inflation-unemployment affect the economy in terms of growth : How do inflation and unemployment affect the economy in terms of growth (use U.S. as an example)? Conduct research from viable and credible sources such as, and not limited to, economic journals, periodicals, books, databases, and websites. This assi..

Calculate the velocity of? circulation : The quantity of money is ?$4 ?trillion, real GDP is ?$10 ?trillion, the price level is 0.8?, the real interest rate is 2 percent a? year, and the nominal interest rate is 10 percent a year. Calculate the velocity of? circulation, the value of M? × V?..

User Account

All Pages