Suppose that the demand for rough laborers is LD = 100 – 10W, where W = the wage in dollars per hour and L = the number of workers. If immigration increases the number of rough laborers hired from 50 to 60, by how much will the short-run profits of employers in this market change?

The more elastic the labour supply is, the smaller the wage paid by a monopsonist. True False

4   A production function is states as: 120Q1/3, with an output price of 25. Firms total revenue is stated as 11000Q1/2 with a labor supply of Q=15w. If you derive the monopsony equilibrium labor and monopsony wage what would they be.

A monopsonist’s products are sold in a perfect competitive market at a price of $6. If the firm’s TFC=5L+2L2 and in the short run, its marginal product equals 10. How many units of labor will she employ and what wage will she pay? Assume now the monopsonist firm’s product is in a monopoly market with demand function P=80-2Q. How many units of labor will she employ and what wage will she pay

Please help with the following.

Suppose that a firm is producing in the short run with output given by: Q = 68L-L2 The firm hires labor at a wage of $25 per hour and sells the good in a competitive market at P = $21 per unit. Find the firm's optimal use of labor. Enter as a value. ROUND TO THE NEAREST WHOLE NUMBER.

Suppose that a firm is producing in the short run with output given by: Q = 57L - L2 The firm hires labor at a wage of $32 per hour and sells the good in a competitive market at P = $41 per unit. Find the firm’s optimal use of labor. Enter as a value. ROUND TO THE NEAREST WHOLE NUMBER

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Exercise 2. Suppose that Government is currently evaluating a project, which is going to hire native language teachers and requires in total 5000 hours of teaching. Let's denote the hour taught by native language teacher by letter L. Thus, the project's demand for teaching hours by native language teachers is described by the demand function La project = 5000. Suppose that the following is known about the current (pre-project) market for native language teachers: - there is no involuntary unemployment among the native language teachers - the Government does not apply any taxes or subsidies in this particular labour market; - the current (pre-project) demand for teaching hours by native language teachers is described by the demand function La = 30000 – 300Wa, where La denotes the quantity of teaching hours (by native language teachers) demanded and Wa denotes the demander price per teaching hour; - the current (pre-project) supply of teaching hours by native language teachers is given…

Suppose that in a competitive output market, firms hire labor from a competitive labor market (so that the profit maximization conditions for hiring labor are as we discussed in class). The firm has a fixed number of machines and can produce the following quantities (Q) associated with the number of workers (L) in a given time period.             L          Q             0          0             1          12             2          20             3          26             4          30             5          32   The market price of the good this firm sells is $5. If the firm pays a wage of w = $19.90 per time period, then how many units of labor should this firm hire to maximize profit? Group of answer choices a) 1 b) 3 c) 4 d) 2 e) 5