Use the information given here to answer the following question. Sales revenue = Pm * Qm = 150 Payments to labor = w * Lm = 100 Payments to capital = Rk * K = 50   Agriculture: Sales revenue = Pa * Qa = 150 Payments to labor = w * La = 50 Payments to land = Rt * T = 100   Holding the price of manufacturing constant, suppose the increase in the price of agriculture is %10 and the increase in the wage is %5. Explain what has happened to the real rental on land and the real rental on capital ?

help! rate will be given! write the solutions legibly and correctly. ECONOMICS

Relationship between the Quantity of inputs used to make a good and the quantity of output of that good is called ………… a)     Production function b)     None of the mentioned c)     Import d)     Export

Show the effect of each of the following events (using a properly labeled supply/demand diagram) on the market for labor in the computer manufacturing industry.A.    Congress buys personal computers for all U.S. college students.   B.    More college students major in engineering and computer science.C.    Computer firms build new manufacturing plants and a new study shows declining job satisfaction in the computer manufacturing industry.

what is the easiest and simplest way to do this cost minimization problem for substitutes (and graph if you can)

Production function for firm is Ys=ln(Ld)Utility function is U(Yd, Ld)= Ys+ln(1-Ls)1) Write down maximization problem of firm and find labor demand curve2) Write down maximization problem of household and find labor supply curve3) Write down market clearing conditions4) Calculate equilibrium employment and real wage5) If the price is equal to $2, what would be the nominal wage in equilibrium

Match the following with the correct answer. Answers can be used more than once. v In the labor market, what causes a movement along the A. A change in anything that affects the demand of labor demand curve? B. A change in anything that affects the supply of labor v In the labor market, what causes a shift in the demand C. other input prices curve? D. A change in anything that affects supply of labor other than price v In the labor market, what causes a movement along the E. Changes in the wage rate (the price of labor). supply curve? F. A change in anything that affects demand for labor other than price v In the labor market, what causes a shift in the supply curve?

Derive the long-run TC, MC, and AC from the production function Q= (L^a)(K^b) assuming that the prices of K and L (r,w) are both 1

The war in Ukraine has driven many highly qualified IT specialists into neighboring Poland, where many chose to remain and start looking for jobs There are four graphs, depicting: (1) labor market for IT specialists in Poland, (2) the profit maximizing decision of a typical perfectly competitive Polish software firm, (3) market for Polish software products; (4) the Polish market for imported software products. Our goal is to analyze, using what you have learned, the effect of influx of foreign IT specialists on the three markets and on the typicalPolish software firm.. You have to address the questions in order, starting with the labor market for farm workers. In the labor market for IT specialists:: 1. Label clearly the supply and demand curves, S and D.  2. In the text, indicate clearly what side of the market is affected, supply or demand, by underlining or circling the relevant term.  3. Once you decided which side of the market is affected and how, show on the graph the new supply…

Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. WAGE (Dollars per hour) 20 18 16 14 12 10 2 0 Supply Demand 0 50 100 150 200 250 300 350 400 450 500 LABOR (Hundreds of workers) Graph Input Tool Market for Labor in the Fast Food Industry Wage (Dollars per hour) Labor Demanded (Hundreds of workers) 6 500 Labor Supplied (Hundreds of workers) ? 0