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Author Question: Labor market equilibrium occurs at a real wage where the demand for labor exceeds the supply of ... (Read 382 times)

tnt_battle

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on: Jun 30, 2018
Labor market equilibrium occurs at a real wage where the demand for labor exceeds the supply of labor.
 
  Indicate whether the statement is true or false

Question 2

If the marginal rent cost of moving from Apartment 1 to Apartment 2 is -60, and marginal commuting cost of moving from Apartment 1 to Apartment 2 is 40:
 
  A) moving from Apartment 1 to 2 will save the renter 60 more in rent and 40 more in commuting.
  B) moving from Apartment 1 to 2 will cost the renter 60 more in rent but save 40 in commuting.
  C) moving from Apartment 1 to 2 will cost the renter 60 more in rent and 40 more in commuting.
  D) moving from Apartment 1 to 2 will save the renter 60 in rent but cost 40 more in commuting.
 
  Assume that a firm wants to set up a factory. It has four different options. The rent of the factory in the four different locations and the time taken to transport the product from each location to the market is shown in the table below. The opportunity cost of time is 10 per hour.
 
  Factory Location Monthly Commuting Time (hours) Monthly Rent ()
  Very Far 30 2,060
  Far 25 2,100
  Close 15 2,300
  Very Close 5 2,500
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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mcarey591

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Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tnt_battle

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

upturnedfurball

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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