Experiment_5

Experiment_5 - Session 1 Session 2 Session 3 Wage Earnings...

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Table 5.5 Worker 1 Wage Worker 2 Wage Total Wages Firm's Revenue Firm's Profits 7.5 13 20.5 30 9.5 11 7 18 30 12 10 7 17 30 13 10 4 14 30 16 12 12 20 8 12 12 20 8 10 8 18 30 12 Table 5.6 Worker 1 Wage Worker 2 Wage Total Wages Firm's Revenue Firm's Profits 15 15 20 5 15 15 20 5 16 16 20 4 15 15 20 5 15 15 20 5 15 15 20 5 15 15 20 5 15 15 20 5 Table 5.7 Worker 1 Wage Worker 2 Wage Worker 3 Wage Worker 4 Wage Total Wages Firm's Reve 15 15 15 16 61 95 19 19 30 20 20 18 58 75 17 17 17 17 68 95 18 21 39 55 16.75 16.75 30 17 17 17 51 75 Table 5.8 Number of Unemployed Workers $5 Reservation $12 Reservation Session 1 Session 2 Session 3 Table 5.9 Session 1 Session 2 Session 3 Firms 8 8 8 RW = $5 10 8 10 RW = $12 8 10 8 Table 5.10 Session 1 Session 2 Session 3 Average wage Total employment Total firm profit
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Firm's Profits 34 11 17 27 16 13.25 24
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Table 5.11 Unemployment Involuntary Voluntary Session 1 Session 2 Session 3 Table 5.12
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Unformatted text preview: Session 1 Session 2 Session 3 Wage Earnings 111.5 121 312.75 Unemployed income Income of all workers 111.5 121 312.75 Total Firm Profits 78.5 39 142.25 Total Sum 190 160 455 Table 5.13 Wage Range Wage < $5 $5 < Wage < $12 Wage > $12 Table 5.14 Wage Range Wage > $20 $10 < Wage < $20 Wage < $10 Table 5.15 Wage Range Wage > $30 $25 < Wage < $30 $20 < Wage < $25 Wage < $20 Table 5.16 Session 1 Session 2 Session 3 Average Wage rate Total employment Total profit Total wages of employed Table 5.17 Unemployment Involuntary Voluntary Session 1 Session 2 Session 3 Labor Supplied Amount Demanded Amount Demanded...
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Experiment_5 - Session 1 Session 2 Session 3 Wage Earnings...

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