HW5Sec2

HW5Sec2 - Table 5.2 Wages and Firm Profits in Session 1...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
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 9.5 20 10.5 10 10 20 10 9 9 18 30 12 9 9 18 30 12 8 9 17 30 13 9.5 9.5 20 10.5 8 9.5 17.5 30 12.5 9 9.5 18.5 30 11.5 12.25 12.25 20 7.75 0 0 0 0 0 0 0 0 0 Total Wages 130.25 Employment 14 Average Wage $9.30 Profits 99.75 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 15 15 20 5 15 15 20 5 15 15 20 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Wage Earnings 135 Employment 9 Average Wage $15.00 Profits 45 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 19 19 19 19 76 95 19 18 19 37 55 18 19 19 18 18 74 95 21 18 19 19.5 56.5 75 18.5 18 19 37 55 18 19 18.5 18.5 56 75 19 19 19 19 19 76 95 19 19 19 38 55 17 20 20 40 55 15 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Wages 490.5 Employment 26 Average Wage $18.87 Total Profits 164.5 Table 5.8: Unemployment by Reservation Wage Number of Unemployed Workers with: $5 res. Wage $12 res. Wage Session 1 0 12 Session 2 8 9 Session 3 0 0 Table 5.9: Distribution of Types: Firms and Workers session 1 session 2 session 3 Firms 9 9 9 Laborers with $5 wage 13 13 13 Laborers with $12 wage 13 13 13 Table 5.10: Experimental Results-Wages and Profits
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 3

HW5Sec2 - Table 5.2 Wages and Firm Profits in Session 1...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online