Q 1 2 3 4 DA) 4. O □gs. The B) 3. Zinnia W D) 2. $20 18 16 14 VTP $20 38 54 Symbols: Q = number of workers demanded; W-wage rate; and VTP = value of the cumulative total product (output) of the particular number of workers. Assumptions: (1) The current wage in Zinnia is $20, and the current wage in Marigold is $12; (2) full employment exists in both countries. At the current wage rate, the combined number of workers in the two nations is 68 Q 1 2 3 4 Marigold W $16 14 12 10 VTP $16 30 42 52
Q 1 2 3 4 DA) 4. O □gs. The B) 3. Zinnia W D) 2. $20 18 16 14 VTP $20 38 54 Symbols: Q = number of workers demanded; W-wage rate; and VTP = value of the cumulative total product (output) of the particular number of workers. Assumptions: (1) The current wage in Zinnia is $20, and the current wage in Marigold is $12; (2) full employment exists in both countries. At the current wage rate, the combined number of workers in the two nations is 68 Q 1 2 3 4 Marigold W $16 14 12 10 VTP $16 30 42 52
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Note:-
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![Q
1
2
3
4
DA) 4.
O
The
□gs.
B) 3.
Zinnia
W
D) 2.
$20
18
16
14
VTP
$20
38
54
Symbols: Q = number of workers demanded; W-wage rate; and VTP = value of the cumulative total product (output) of the particular number of workers.
Assumptions: (1) The current wage in Zinnia is $20, and the current wage in Marigold is $12; (2) full employment exists in both countries. At the current wage
rate, the combined number of workers in the two nations is
68
Q
1
2
3
4
Marigold
W
$16
14
12
10
VTP
$16
30
42
52](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F346aae26-d0e0-42d3-8145-e419f49eefed%2F48d9f01c-ae72-44ae-a23a-48bed66a1e84%2Fobt7q1r_processed.png&w=3840&q=75)
Transcribed Image Text:Q
1
2
3
4
DA) 4.
O
The
□gs.
B) 3.
Zinnia
W
D) 2.
$20
18
16
14
VTP
$20
38
54
Symbols: Q = number of workers demanded; W-wage rate; and VTP = value of the cumulative total product (output) of the particular number of workers.
Assumptions: (1) The current wage in Zinnia is $20, and the current wage in Marigold is $12; (2) full employment exists in both countries. At the current wage
rate, the combined number of workers in the two nations is
68
Q
1
2
3
4
Marigold
W
$16
14
12
10
VTP
$16
30
42
52
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