(A) the participation rate (i.e. does it increase or decrease). In each case provide a brief explanation. (Participation in the Labor Market) Describe the likely consequences of the following for (i) A new online platform that allows video gamers to live stream their video game play and earn income from selling advertising at the same time is developed. (ii) CMU and other universities launch flexible online learning technologies that allow people to earn a degree by taking classes in evenings and at the weekend. (iii) A new "home robot" is invented: it can look after the children, feed the dog, and clean the house.

(A) the participation rate (i.e. does it increase or decrease). In each case provide a brief explanation. (Participation in the Labor Market) Describe the likely consequences of the following for (i) A new online platform that allows video gamers to live stream their video game play and earn income from selling advertising at the same time is developed. (ii) CMU and other universities launch flexible online learning technologies that allow people to earn a degree by taking classes in evenings and at the weekend. (iii) A new "home robot" is invented: it can look after the children, feed the dog, and clean the house.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question 7.7. Markets in which firms sell their output of goods and services are called resource markets. product markets. command markets. mixed markets.
(c) Let us now turn to the labor market for grocery store workers in Little town. Recently one of the last two grocery stores in Little town closed leaving only one employer for grocery store workers in this area. This labor market is not very competitive. What type of market structure is this? (d) Draw a typical supply curve (i.e. average expenditure), marginal expenditure, and demand for the grocery store in Little Town. Label the equilibrium wage and number of grocery store workers. (e) Suppose that some time has passed and the population has grown in Little Town and there are now many grocery stores. Now suppose that the grocery store workers unionize. Draw a graph to depict the equilibrium wage and number of workers in this new market.
Subject:- economics
i need help with these questions macroeco 14
e Price -Q₁ Quantity Which of the following scenarios is BEST represented in the graph? A number of sellers increase B decrease in government taxes C resource costs increase D technology improves
Could someone help me with this? Thanks so much.
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