« previous next »

Author Question: Refer to the figure above. Everything else remaining unchanged, at what rate will the wage be held ... (Read 64 times)

deesands

  • Hero Member
  • *****
  • Posts: 514
on: Jun 30, 2018
Refer to the figure above. Everything else remaining unchanged, at what rate will the wage be held if there is downward wage rigidity in the market, when the demand curve shifts to LD2?
 
  A) 50 B) 30 C) 40 D) 20

Question 2

Suppose the price of a product is 4 and the nominal wage that the firm must pay is 20. Then the firm's real wage is
 
  A) 5. B) 0.20. C) 4. D) 20. E) 80.


jointhecircus

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

deesands

  • Hero Member
  • *****
  • Posts: 514
Reply #2 on: Jun 30, 2018
Thank you


jointhecircus

  • Sr. Member
  • ****
  • Posts: 343
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Pneumothorax. Figure illustrates how puncture of thoracic wall and tearing of pleural membrane allow Pneumothorax. Figure illustrates how puncture of thoracic wall and tearing of pleural membrane allow
A Glitch Interrupts the Vela Pulsar’s Spindown Rate A Glitch Interrupts the Vela Pulsar’s Spindown Rate
An agglutination reaction. Antigen-coated latex beads are held together by antibody. In a direct ... An agglutination reaction. Antigen-coated latex beads are held together by antibody. In a direct ...
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
The radius of the Sun is 6.95 × 108 m. It radiates heat at the rate of 5.32 x 10 The radius of the Sun is 6.95 × 108 m. It radiates heat at the rate of 5.32 x 10
Refer to (d) in the figure above. This rectifier arrangement Refer to (d) in the figure above. This rectifier arrangement
Video: Mycobacterium tuberculosis: Drug Resistance and Natural Selection

For a complete list of videos, visit our video library