Business

Business, 20.07.2019 13:10, cheesecake1919

What would we expect to occur to the wage rate and number of persons hired if they workers formed a union?

answer

Answers: 1

Show answers

Similar questions

Предмет

Business, 22.06.2019 07:30, xmanavongrove55

Suppose a firm faces a fixed price of output, 푝푝= 1200. the firm hires workers from a union at a daily wage, 푤푤, to produce output according to the production function 푞푞= 2퐸퐸12. there are 225 workers in the union. any union worker who does not work for this firm is guaranteed to find nonunion employment at a wage of $96 per day. a.what is the firm’s labor demand function? b.if the firm is allowed to choose 푤푤, but then the union decides how many workers to provide (up to 225) at that wage, what wage will the firm set? how many workers will the union provide? what is the firm’s output and profit? what is the total income of the 225 union workers? c.now suppose that the union sets the wage, but the firm decides how many workers to hire at that wage (up to 225). what wage will the union set to maximize the total income of all 225 workers? how many workers will the firm hire? what is the firm’s output and profit? what is the total income of the 225 union workers? [hint: to maximize total income of union, take the first order condition with respect to w and set equal to 0.]

Answers: 3

Предмет

Business, 16.09.2019 18:30, ashiteru123

When a firm is operating in a perfectly competitive labor market the wage the firm increases with the number of workers hired. the firm can buy as much or as little labor as it wants at a fixed, going wage rate. the firm’s marginal expense of labor (mel) equals the cost of all workers hired.

Answers: 1

Предмет

Business, 23.10.2019 01:00, haileyhale5

Consider an economy with two sectors: manufacturing and services. demand for labor in manufacturing and services are described by these equations: =1320–23wm =1209– where l is labor (in number of workers), w is the wage (in pesos), and the subscripts denote the sector. the economy has 502 workers who are willing and able to work in either sector. round answers to two places after the decimal when necessary. a. if workers are free to move between sectors what relationship will there be between wm and ws b. suppose that the condition in part a holds and wages adjust to equilibrate labor supply and labor demand. calculate the wage and employment in each sector. c. suppose a union establishes itself in manufacturing and pushes manufacturing wage to 25. calculate employment in manufacturing. d. in the aftermath of the unionization of manufacturing, all workers who cannot get the highly paid union jobs move to the service sector. calculate the wage and employment in services e. now suppose that workers have a reservation wage of 15 dollars= that is, rather than taking a job at a wage below 15 dollars, they would rather wait for a 25 dollar union job to open up. calculate the wage and employment in each sector. what is the economy’s unemployment rate?

Answers: 1

Предмет

Business, 30.10.2019 05:31, Savageboyn

Suppose the market for low-skilled labor is in equilibrium, and then two things happen at the same time. first, a large number of low-skill immigrants enters the country, competing with domestic low-skill workers. second, these immigrants all want to buy more goods and services, and they typically buy goods produced by low-skill workers. which of the following will occur in the market for low-skill workers a.the number of workers employed will rise, but we cannot tell what will happen to the wage rate. b. the wage rate will fall, but we cannot tell what will happen to the number of workers. c. the number of workers employed will fall, but we cannot tell what will happen to the wage rate. d. the number of workers employed will rise, and the wage rate will fall.

Answers: 1

Do you know the correct answer?

What would we expect to occur to the wage rate and number of persons hired if they workers formed a...

Questions in other subjects:

Konu

English, 06.07.2021 17:10

Choose the sentence containing a correctly used colon. Then explain your choice. A. Whirling excitedly around the backyard, the child joyfully cried: "We finally got a puppy!"

Konu

Mathematics, 06.07.2021 17:10

The graph shows the relationship between daily caffeine consumption and resting heart rate for some adults. A graph with both axes unnumbered. Points show a upward trend.

Konu

Mathematics, 06.07.2021 17:10

Which concept is used to prove that the opposite sides of a parallelogram are congruent? congruent rectanglessimilar rectanglescongruent triangles

Konu

Biology, 06.07.2021 17:10

Which anwser choice best describes a community...

Konu

English, 06.07.2021 17:10

How does the author's use of the word "throne" inform the reader?...

Konu

Mathematics, 06.07.2021 17:10

Plz help I’ll mark you ...

Konu

Mathematics, 06.07.2021 17:10

Please help me in this question ...

Konu

Mathematics, 06.07.2021 17:10

6. Find the value of x to the nearest tenth. ...

Konu

History, 06.07.2021 17:10

Read the following provisions of the Bill of Rights and identify the political idea that is central to all the provisions...

Konu

Mathematics, 06.07.2021 17:10

Which linear inequality is represented by the graph? Of 3- (31) Oy> //x-2 Oy<?x + 2 Oy> 0x< 2 3x - 1 1 --3--1 X (...

Other tasks in the category: Business More task