Why does the piece rate appear as a straight line

Assignment Help Business Economics

Reference no: EM13733543

On a graph where the total income is on the horizontal axis and the number of tasks is on the vertical axis, why does the piece rate appear as a straight line? Show that if the piece rate goes up, the line become flatter.

Reference no: EM13733543

Questions Cloud

Develop assignment plan that will minimize processing cost : Develop an assignment plan that will minimize processing costs, given the information shown, and interpret your answer. (Leave no cells blank - be certain to enter "0" wherever required. Omit the "tiny_mce_markerquot; sign in your response.)

Explain the philosophy behind a particular movement : This paper will be a critical examination of a work or group of works created by a particular artist within a particular movement. I can also be about a theoretical idea or the philosophy behind a particular movement.

Investigate the distribution of income : Investigate the distribution of income in the United States from the 1960's. The Bureau of Labor Statistics (bls.gov)or the US census government website census.gov may be good sites. Is wealth distribution and income distribution the same thing? Are ..

Horizontal axis and the number of tasks is on vertical axis : What would the following contracts look like on a graph where the total income is on the horizontal axis and the number of tasks is on the vertical axis?

Why does the piece rate appear as a straight line : On a graph where the total income is on the horizontal axis and the number of tasks is on the vertical axis, why does the piece rate appear as a straight line? Show that if the piece rate goes up, the line become flatter.

What are the effects if population decreases : In the classical model if there is a decrease in capital stock, what are the effects on labor demand, real wages, and output? (Increase or decrease) What are the effects if population decreases?

Full employment and the exchange rate increases : If the U.S. economy is operating near full employment and the exchange rate increases (the dollar appreciates), explain why the Federal Reserve will be less inclined to raise interest rates.

How selected category manifested in your social environment : Select one category from the completed World View Chart. Provide a rationale for choosing this category. Provide one specific example of how the selected category is manifested in your social environment.

Find net exports and solve for the level of aggregate demand : Consumption is $6 trillion, investment is $2 trillion and government purchases are $2.5 trillion. The country exports $1 trillion and imports $1.5 trillion. Find net exports and solve for the level of aggregate demand.

User Account

All Pages