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Author Question: Refer to the scenario above. If the economy is currently on F2 and produces Y3 level of output, a ... (Read 118 times)

lunatika

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Refer to the scenario above. If the economy is currently on F2 and produces Y3 level of output, a leftward shift of the labor demand curve with no change in productivity will cause output to ________.
 
  A) increase from Y3 to Y4 B) decline from Y3 to Y1
  C) decline from Y3 to Y2 D) increase from Y3 to Y5

Question 2

a. Everything else remaining unchanged, what is likely to happen to the demand curve for coffee workers if:
 
  i. there is a fall in the price of coffee.
   ii. there is an increase in the wage rate.
   iii. there is a rise in the price of coffee seeds.
   iv. a new fertilizer that increases the productivity of coffee farmers is invented.
  b. Everything else remaining unchanged, what is likely to happen to the supply curve of female workers if:
   i. the opportunity cost of working outside home decreases.
   ii. there is an increase in the wage rates.


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asware1

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lunatika

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


cici

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Reply 3 on: Yesterday
Wow, this really help

 

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