4. Suppose pizza parlors employ drivers whose job it is to deliver pizzas to those who order over
the phone. One company pays its drivers an hourly wage, and the other pays them by the number
of pizzas delivered each day (which can be affected by efforts
Chapter 6
Supply of Labor to the Economy: The Decision to Work
Beyond introducing some descriptive material on labor force trends in this century, the primary purpose of Chapter 6 is to present an analysis of an individuals decision concerning whether and
c o l l e g e
The Return to Education
Isnt Calculated Easily
By Natalia Kolesnikova
I
t is almost a given that people with more
education make more money than those
with less education. But how much more is
that better education worth? The answer is
more
ECON 417: Labor Economics
Spring 2013
Instructor: Dr. Natalia Kolesnikova
Practice Problems, Week 13
Readings: Chapters 12 and 15.
Practice Problems:
Questions 2 and 9 on p. 436; problems 2, 3, and 6 on p. 437.
Question 1 on p. 551; problem 3 on p. 553.
A
ECON 417: Labor Economics
Spring 2013
Instructor: Dr. Natalia Kolesnikova
Practice Problems, Week 1
Reading: Chapter 1 (all) and Chapter 2 (pp.25-36 and 48-55)
Practice Problems: 1, 2, and 4 on page 57
Answers to Even-Numbered Problems
2.
a.
See the figur
ECON 417: Labor Economics
Spring 2013
Instructor: Dr. Natalia Kolesnikova
Practice Problems, Week 4
Readings: Chapter 5.
Practice Problems: Questions 1, 2, and 9 on pp. 161-162;
problems 2 (Hint: MEL, associated with the labor supply curve given in Proble
ECON 417: Labor Economics
Spring 2013
Instructor: Dr. Natalia Kolesnikova
Practice Problems, Week 2
Readings: Chapter 2 (pp. 36-47) and Chapter 3 (all)
Practice Problems: Questions 1, 3, 7, and 9 on pp. 55-56, question 2 on p. 82, and problems 1,
3, and 4