HW5Sec1

HW5Sec1 - Table 5.2: Wages and Firm Profits in Session 1...

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Table 5.2: Wages and Firm Profits in Session 1 Wages Paid to Total Firm's Firm's Firm ID Worker 1 Worker 2 Wages Revenue Profits 9.5 9 18.5 30 11.5 10 9 19 30 11 9 9 18 30 12 9 9 20 11 12.5 12.5 20 7.5 8 8 20 12 10 10 20 30 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Wages 105 Employment 11 Average Wage $9.55 Profits 75 Table 5.6: Wages and Firm Profits in Session 2 Wages Paid to Total Firm's Firm's Firm ID Worker 1 Worker 2 Wages Revenue Profits 15 15 20 5 15 15 20 5 15 15 20 5 15 15 20 5 15 15 20 5 15 15 20 5 16 16 20 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Wage Earnings 106 Employment 7 Average Wage $15.14 Profits 34 Table 5.7 Wages and Firm Profits in Session 3 Firm Wages Paid to Workers Firms Firm;s ID #1 #2 #3 #4 Total Revenue Profit 18 18.5 18.5 18.5 73.5 95 21.5 19 19 19 19 76 95 19 18.5 18 18 54.5 75 20.5 18 18 18 54 75 21 19 19 38 55 17 18 18 36 55 19 18.5 18 18.5 19 74 95 21 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Wages 406 Employment 22 Average Wage $18.45 Total Profits 139 Table 5.8: Unemployment by Reservation Wage Number of Unemployed Workers with: $5 res. Wage $12 res. Wage
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HW5Sec1 - Table 5.2: Wages and Firm Profits in Session 1...

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