What is the relationship between class, different types of capital, and mobility??

Q: c. A software developer produces software programs (one unit of output) which produce revenue of…

A: Profit maximization is the process where a company determines the price and quantity of goods or…

Q: If a worker faces the following situation, then calculate the amount of leisure: Wage = $30 T =…

A: It is the unique distribution of revenue among various goods made by an individual. It specifies the…

Q: In what specific ways (if any) does a college education increase a worker's productivity? Why do you…

A: The resources which are present with the economies, or societies around the globe tend to be limited…

Q: What is meant by investment in human capital? Use this concept to explain (a) wage differentials and…

A: A form of capital that is important and is different from physical capital, is the human capital.…

Q: The wage of a male in the 50th percentile of incomes earned $77,441. The wage of a male in the 20th…

A: The wage gap alludes to the difference in earnings between various groups, commonly founded on…

Q: 2.31 A firm pays 5/12 of its labor force an hourly wage of $5, 1/3 of the labor force a wage of $6,…

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Q: 3. Describe any five important differences between the labour market and the goods market.

A: Labour Market: A labour market is a place where labour and organization meet for achieving…

Q: MP and MRP and Profit-Maximization Questions: If tacos sell for $2.50, and wage=$12.50, answer…

A: Marginal Product refers to the additional output generated due to employment of an additional input…

Q: 1. Look up the following currencies in the New York Times or any reliable source (any October 2020…

A: Foreign exchange market is a global marketplace where exchange rate of foreign currencies around the…

Q: The members of the parliament want to know why labour force participation ratesfor womenin the 25-34…

A: The objective of the question is to understand the economic reasons behind the lower labour force…

Q: 2. Alternative explanations of wage disparities Suppose that a professor of labor economics finds…

A: The wage differential refers to the difference between the wage rate of two individuals doing the…

Q: Does the government have implemented the Land Reform in the Philippines so that the landless would…

A: In the economy of Philippines, it can be seen that people were struggling with poverty and unfair…

Q: 3. The wage rate is £10 and the capital rate is £20. If a firm was spending £c, show what…

A: The production given is in linear form which implies L and K are perfect substitutes. This means…

Q: How are labour issues reported in the media?  2. How can we improve the impacts on our environment…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first three question for you…

Q: Which action taken by a worker would not be an investment in human capita

A: Investing in human capital will increase workers productivity. It can be done through worker…

Q: What are the two components of the user cost of capital? Use an example capital good to explain.

A: The capital is the asset which is used to produce other goods or make the production easier. It is…

Q: Briefly explain the classical view of labor market with diagram.

A: The labor market shows the interaction between labor demand and labor supply in the labor market.…

Q: Which among the following is an example of involuntary migration?  a. Africans migrated because of…

A: Migration refers to the movement of people from one place to another with the intention of settling…

Q: QUESTION 13 Suppose that the amount of capital increases. What will happen to the wage? a. Increase…

A: The increase in the amount of capital would lead to increase in the marginal productivity of labour.…

Q: Question 1: Labor Demand The table below represents information on hourly output and revenue for a…

A: Detailed Calculations:For L = 2:Q = 12TR = P * Q = 10 * 12 = 120MP = (12 - 0) / (2 - 1) = 12MRP = MR…

Q: Which of the following best represents the distribution of labor in modern economies? A. 1/3…

A: According to the modern economists sees the economics as a science of efficiency and growth that…

Q: 2. Study Questions and Problems #1 In the labor market model, demand labor, and supply labor.

A: A labor market model is a conceptual framework used by economists to analyze the supply and demand…

Q: 2: Factor (labor) market:  Jane runs a nursery. The more nursery workers she hires, the more flowers…

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Q: Question: a) :What is the importance of capital? b): How many types are in the division of labour?

A: Answer is given: The importance of capital is given as:

Q: 1. What happens to the reservation wage if non-labour income increases and why?

A: The reservation wage is regarded as the minimum wage rate which is required by worker to enter the…

Q: In a essay explain in details the main economic mobility for a person to attain a better future such…

A: Economic Mobility:Economic mobility refers to an individual's or a family's ability to improve their…

Q: Identify a job you once held (or currently hold) andmake a list of all the ways that workers in this…

A: Labor market: It refers to the market under which the economy will able to find the demand and…

Q: [item no.6] (Multiple Choice) Which among the following is an impact of migration to the country of…

A: Answer -

Q: 4. 11 12 10 9. Classroom activity 4 3 1. Explain why South African population growth rates are…

A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. if…

Q: What is the significance of the mobility of factors of production (land,capital,labour,…

A: Factors of production: - The inputs that are used to produce goods and services known as the factors…

Q: Does Smith think these new low skill jobs created by the Industrial Revolution will be good for…

A: Smith believes that the Industrial Revolution's introduction of low-skilled occupations will benefit…

Q: Suppose years of schooling, s, is the only variable that affects earnings. The equations for the…

A: Wage differential refers to the difference in wages or earnings between different individuals,…

Q: Ann has non-labour income M; hourly wage rate w. She can choose how many hours she works. She can…

A: When a person chooses not work and still has some money left for spending then we call it as non…

Q: A series of questions will rely on the following information describing Susan's decisions over…

A: The labor-leisure trade-off is faced by wage-earning individual who faces the trade-off between the…

Q: In economics, what is any payment of production in excess to the cost needed to bring that factor…

A: Out of the given options, investment is not a payment for factor of production. Creation of economic…

Q: 1.Explain in detail various traits qualities and skills that employers look for in an employee in a…

A: Employers are people, groups, or organizations that employ others to carry out particular duties or…

Q: What is the combined rent, interest, and profit share of the income earned by Americans in a typical…

A: Cluster analysis can be used to split proprietor's income so as to calculate combined rent,…

Q: On your diagram, illustrate and explain how the wage increase can lead them to have: more…

A: An indifference curve is a graphical representation used in microeconomics to illustrate the…

Q: Describe Locke's labor theory of property. (What is his fundamental hypothesis? How much of value…

A: When studying economics, it can be seen that many economists gave their theory to explain the nature…