Labor - Supply parameter = 10 MPL parameter = 1 L MPL Q MR...

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LABOR DEMAND: COMPETITIVE FIRM Hourly wage = 10 Labor parameter = 1 L MPL Q MR MRPL Wage TC MC 0 0 5.00 80 0 1 50 50 5.00 250 80 80 1.60 2 31 81 5.00 154 80 160 2.60 3 23 104 5.00 116 80 240 3.45 4 19 123 5.00 95 80 320 4.22 5 16 139 5.00 81 80 400 4.94 6 14 153 5.00 71 80 480 5.61 7 13 166 5.00 64 80 560 6.25 8 12 178 5.00 58 80 640 6.86 9 11 189 5.00 54 80 720 7.45 10 10 199 5.00 50 80 800 8.02 0 2 4 6 8 10 12 0 50 100 150 200 250 300 Demand for Labor MRPL Wage Workers $ 0 2 4 6 8 10 12 0 50 100 150 200 250 Production function Q Workers Q
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LABOR DEMAND: MONOPOLY Hourly wage = 50 Labor parameter = 0.1 L MPL Q MR MRPL Wage TC MC 0 0 400 0 1 5 5 192.5 963 400 400 80.00 2 3 8 187.9 578 400 800 129.96 3 2 10 184.4 427 400 1200 172.61 4 2 12 181.6 344 400 1600 211.12 5 2 14 179.1 290 400 2000 246.81 6 1 15 177.0 252 400 2400 280.41 7 1 17 175.1 224 400 2800 312.36 8 1 18 173.3 202 400 3200 342.97 9 1 19 171.7 184 400 3600 372.44 10 1 20 170.2 170 400 4000 400.95 0 2 4 6 8 10 12 0 200 400 600 800 1000 1200 Demand for Labor MRPL Wage Workers $
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LABOR MARKET: MONOPSONY, COMPETITIVE OUTPUT
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Unformatted text preview: Supply parameter = 10 MPL parameter = 1 L MPL Q MR MRPL TC MC Optimal 5.00 1 50 50 5.00 250 10 10 10 0.20 2 31 81 5.00 154 20 40 30 0.97 3 23 104 5.00 116 30 90 50 2.16 4 19 123 5.00 95 40 160 70 3.69 * 5 16 139 5.00 81 50 250 90 5.55 6 14 153 5.00 71 60 360 110 7.71 7 13 166 5.00 64 70 490 130 10.15 8 12 178 5.00 58 80 640 150 12.86 9 11 189 5.00 54 90 810 170 15.83 10 10 199 5.00 50 100 1000 190 19.05 Labor Supply Marginal Labor Expenditure 2 4 6 8 10 12 50 100 150 200 250 300 Labor Market MRPL Labor Supply Marginal Labor Expenditure Workers $...
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This note was uploaded on 04/26/2010 for the course ECON 101 taught by Professor Staff during the Spring '08 term at Vassar.

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Labor - Supply parameter = 10 MPL parameter = 1 L MPL Q MR...

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