What type of wage rigidity is likely to affect unemployment

Assignment Help Microeconomics
Reference no: EM13214407

Explain what type of wage rigidity is most likely to affect the unemployment rates of the following types of workers: a. workers with low marginal labour productivity; b. workers seeking jobs that are typically unionized, such as longshoremen and electricians; and c. workers engaged in creative work that is not easily monitored.

Reference no: EM13214407

Questions Cloud

What is the monopolists total cost function : Suppose a monopolist can purchase Labor at a price w = 36 and can purchase Capital at a price r = 25. The monopolist's production function is given by Q = L1/2K1/2. The demand facing the monopolist is given by P = 180 - 3Q.
What percentage of the spells are only one month long : Assume that a society consists of two types of workers. For type A, 3 million workers lose their jobs each year, and each one takes a year to find a new one. For type B, 36 million workers lose their jobs each year (3 million per month)
What would be your average annual rate of return : Two years after the bonds were issued, the going rate of interest on similar bonds fell to 8 percent. At what price would the bonds sell and If you bought the bond on the issue date at the issue price and expected to hold it until it matures on Dec..
Explain what will be the final temperature of the mixture : If no heat is lost to the surroundings, what will be the final temperature of the mixture?
What type of wage rigidity is likely to affect unemployment : Explain what type of wage rigidity is most likely to affect the unemployment rates of the following types of workers: a. workers with low marginal labour productivity; b. workers seeking jobs that are typically unionized
Explain water bath in the surroundings increases : Calculate q if the temperature of a 1.00 kg water bath in the surroundings increases by 1.25 Celsius degree.
What does the term economies of scale mean : Q4. What are some arguments against free trade per this documentary Q5. What is the infant-industry argument Q6. Differentiate between import-substituting industrialization and export-oriented industrialization. Which approach has been more succes..
Explain less h+ ions than does solution a : the pH of solution B is 9.2, then solution B has how many fold more or less H+ ions than does solution A?
State the final pressure in the bottle for a monatomic gas : The gas remaining in the bottle slowly warms up to 285 K. What is the final pressure in the bottle for a monatomic gas, for which CV = 3R/2, and for a diatomic gas, for which CV = 5R/2?

Reviews

Write a Review

Microeconomics Questions & Answers

  What is the effective interest rate per year

College Financial Sources, which makes small loans to college students, offers to lend $500. The borrower is required to pay $40 at the end of each week for 16 weeks. Find the interest rate per week. What is the nominal interest rate per year

  Computing optimal profits

Compute the best response function of each firm in terms of prices. Compute the resulting equilibrium price quantity combination for each firm. Describe your answer with a suitable graph. Also calculate optimal profits of each firm.

  What is another term for the independent variable

describes a measure used to compare two different tests with the same group of participants to see how closely correlated the two sets of scores are with each other. Inter-rater reliability, Test-retest reliability, Parallel-forms reliability, Intern..

  Construct a table showing the marginal revenue product

Construct a table showing the (net) marginal revenue product derived from assembly worker employment and how many assemblers would Just Bikes employ at a daily wage rate of $100? Explain your answer and show all calculations.

  Tool for managers in in a selling environment

What will you put on sale in your district during the Valentine's Day week? You must provide your reasons and

  Effect on production possibility curve of new technology

A country with fixed quantities of resources is able to make any of the following combinations of bread and ovens.

  Relationship between different levels of government

There are literally several elected officials across the U.S. at the local, state, and national levels. The 2-major political parties remain as important to election and reelection of public officials today as ever before.

  Define markets characterized by oligopoly

expectations on how rivals will respond are important considerations when a firm decides to change the price it charges its customers, no firm controls more than a 10% share of the market

  How online sellers obtain information about price elasticity

find examples in the current business news media of how ebay and other online sellers obtain information about the price elasticity of demand by making unannounced temporary adjustments to thier prices and fee structures

  Advice recommendation to the president

Your task is to take this advice and produce your own recommendation to the President. Do not simply choose one person's advice, but pick and choose from each recommendation that you receive.

  How does this relate to keynesian economics

Assume that Country A has a population of 500,000 and only produces one good-cars. Country A produces 100,000 cars per year. The people in Country A purchase 90,000 cars, but there are not enough cars to fulfill all the demand. They decide to impo..

  What ways does economics class relates to the real world

In what ways does economics class relates to the real world? How does knowledge gained from economics teaching been valuable in helping somone understand or evaluate events or policies?

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