WAGE (Dollars per hour) 20 18 16 14 12 10 8 4 2 0 0 40 80 120 160 200 240 280 320 380 400 LABOR (Number of workers) Tax Proposal Levied on Employers (Dollars per hour) 0 2 Supply Demand I Levied on Workers Graph Input Tool Market for Laboratory Aides (Dollars per hour) 0 4 2 Wage (Dollars per hour) Quantity Hired (Number of workers) Labor Demanded (Number of workers) Demand Shifter Tax Levied on Employers (Dollars per hour) 4 248 For each of the proposals, use the previous graph to determine the new number of laboratory aides hired. Then compute the after-tax amount paid y employers (that is, the wage paid to workers plus any taxes collected from the employers) and the after-tax amount earned by laboratory aides that is, the wage received by workers minus any taxes collected from the workers). 0 Labor Supplied (Number of workers) Supply Shifter Tax Levied on Workers (Dollars per hour) After-Tax Wage Paid by Employers (Dollars per hour) 152 0 After-Tax Wage Received by Workers (Dollars per hour)

A. In the resource market, what is the impact on the demand for coal if the price of the substitute good, natural gas increases? B. The table below represents a perfectly competitive market, if the industry price is $18, calculate the marginal revenue product for the second and third workers. No of Employees 1 2 3 No of Washes 10.00 19.00 26.00 C. Explain why the Value of the Marginal Product Marginal Revenue Product for perfect competitors but these values are not equal for the monopolistic competitors. D. In a company, if the Marginal Revenue Product of the 8th worker hired is less than the MRC for that worker, should the firm hire the 9th worker? Explain E. Graph the resource market for passenger and freight train engineers. Show the change in the wage rate and quantity of workers hired if there is a very large number of engineers retiring and the demand for rail travel has increased in the last year. =

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.

not use ai please

A2)

3. Union and Labor Market Efficiency (a) Given an inverse labor demand function of w = 30 - 0.02LD, find the elasticity of labor demand when w = 10. Does the firm pay out more to its workers by increasing wages?

Part E please

6. The demand for will decrease in response to an Increase productivity b. better training of all laborers c. a decrease in the supply of labor d. decreased demand in markets for consumer goods and services 7. In a purely competitive market for economic resources, a firm's marginal revenue product curve for a factor could decrease as a result of an increase in the resource's marginal product b. decrease in the demand for the firm's product Cincrease in the prices of all other resource inputs d. decrease in the supply curve for the economic resource 8. Other things being equal. If a once - competitive firm attains a high degree of monopoly power. its resource demand curve will a. become perfectly inelastic b. remains perfectly elastic c. become more elastic d. become more inelastic 9. Other things being the same if the demand for labor is inelastic a decreases in wage rates will result in greater payrolls b. increases in wage rates will result in greater payrolls c. decreases in wage…

Quantity of Labor Supplied Wage Total Cost of Labor Marginal Cost of Labor Marginal Revenue Product 50 $10 $500 $10 $30 100 $12 $1200 X $25 150 $15 $2250 $21 $21 200 $18 $3600 $27 $18 250 $20 $5000 $28 $15   Use the labor market data for a monopsony employer above. Solve for the missing value X. Question 9 options:   $12   $14   $25   $700

a)10 b)18 c)8 d)17