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Q. a consumer chooses bundles of 2 goods. In one situation (p1,p2) = (1,1), w = 1 also (x1,x2) = (1/2,1/2). At the new situation, (p'1,p'2) = (2,p'2) also (x'1,x'2) = (3/4,1/4). Assuming her demand satisfies Wlaras' Law, Illustrate what are the value of p'2 also w' that make her choice compatible with the WARP?
Q. Illustrate what is currently occurring to the supply also demand for labor also its effects on wages, union membership, also other labor force related topics?
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