Assume workers in labour market M are qualified to work in an alternative competitive labour market N, and vice versa. What will happen to the wage rate and level of employment in market M if there is an increase in the demand for labour in market N?

The government recently imposed a number of regulations on companies that will make it more expensive for companies to hire workers. What consequence will this have on the labor market?

The marginal product of labor for a firm is given by: MPL = 176 - 4H, where H is the number of hours they hire workers to work. For example, the marginal product of the first hour of labor would be 176 - 4*1, and the marginal product of the second hour of labor would be 176 - 4*2. If the market wage is $14 per hour, how many hours of labor will this firm hire? Round your final answer to two decimal places.

Equilibrium in the labour market depends on the demand for labour and the supply of labour. Graphically demonstrate how the supply of labour in the U.S. is affected by the increase in the labour force resulting from Mexican immigrants.  What other factors that can cause the labour supply curve to shift?

If a labour market is in equilibrium and contracts are incomplete: Employers are willing to hire any unemployed workers willing to work at reservation wages. Select one: O True False

Look at the graph below. Labor demand falls from D0 to D1 due to an economic recession. What is the resulting wage in the short-run due to this shift in demand? HINT: Consider whether this is a situation in which the wages are sticky or flexible. Wage Rate 40 35 30 25 20 15 10 5 0 5 10 15 20 25 30 Quantity of Labor D1 35 40 DO

please draw a graph using this information the article discusses a decrease in the demand for certain jobs due to automation, the initial equilibrium (D0) in the labor market would have Pe0 and Qe0. With the decrease in demand for certain jobs, the demand curve shifts leftward, creating a new equilibrium (D1) with Pe1 (lower than Pe0) and Qe1 (lower than Qe0). Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Consider the potted plant industry, which has a competitive labor market. A potted plant sells for $10. The Lth worker hired in the industry produces an additional 1000 – L potted plants. The labor supply curve in the potted plant industry is W = 1000 + 10L. Find the equilibrium wage hired in the industry. Find the equilibrium number of workers hired in the industry.

Suppose the supply curve of lab assistants is given by w = 8 + 6E, while the demand curve is given by w = 40 – 2E. (Assume is in 000s of persons and w is the annual salary in thousands of dollars). Calculate the equilibrium wage and employment level.

Describe backward bending labor supply curve by discussing the income andsubstitution effects?