In our discussion of labor market pooling, we stressed the advantages of having two firms in the same location: If on firm is expanding while the other is contracting, it's to the advantage of both workers and firms that they be able to draw on a single labor pool. But it might happen that both firms want to expand or contract at the same time. Does t constitute an argument against geographical concentration? To answer this question, imagine that there are two companies that both use the same kind of specialized labor, say two film studios that make use of experts in computer animation. Suppose that there are 600 workers with this speci skill. Now compare two different scenarios: In scenario 1, both firms and all 600 workers are in the same city, and each fi is able to hire 300 workers. In scenario 2, the two firms, each with 300 workers, are in two different cities. Now suppose that both firms are expanding, increasing their demand for labor up to 335 each. In the first scenario, each firm will face a local labor of workers. (Enter your response as an integer.)

In our discussion of labor market pooling, we stressed the advantages of having two firms in the same location: If on firm is expanding while the other is contracting, it's to the advantage of both workers and firms that they be able to draw on a single labor pool. But it might happen that both firms want to expand or contract at the same time. Does t constitute an argument against geographical concentration? To answer this question, imagine that there are two companies that both use the same kind of specialized labor, say two film studios that make use of experts in computer animation. Suppose that there are 600 workers with this speci skill. Now compare two different scenarios: In scenario 1, both firms and all 600 workers are in the same city, and each fi is able to hire 300 workers. In scenario 2, the two firms, each with 300 workers, are in two different cities. Now suppose that both firms are expanding, increasing their demand for labor up to 335 each. In the first scenario, each firm will face a local labor of workers. (Enter your response as an integer.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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