1. Mkt. for IT specialists. The war in Ukraine has driven many highly qualified IT specialists into neighboring Poland, where many chose to remain and start looking for jobs. In the Polish labor market for IT specialists, the influx of refugee IT specialists from Ukraine affects supply/demand (choose one). Show the effect of new immigration rules on the US labor market for farm workers. Equilibrium wage, equilibrium employment_ W Ee E 3. Mkt. for Polish software products. Aggregating the responses of individual software firms, the change in labor market for IT specialists affects supply/demand of Polish software products because Show the effect of the influx of foreign IT specialists. Equilibrium price equilibrium quantity___ qe W р pe q 2. Typical Polish software firm. Consider a perfectly competitive Polish software firm before the influx of refugee IT specialists from Ukraine. These are the long- run marginal and average cost curves and the demand. Show the effect of the influx of foreign workers on the Polish firm's profit maximizing decision. The influx of IT specialists affects the cost functions/demand (choose one). On the graph, (1) label the cost functions; (2) Indicate the new profit maximizing level of output q*; (3) Show the profit/loss. Indicate whether the Polish software firm makes a profit/loss (choose one) 4. Mkt. for imported software products. The change in the price of Polish software products affect supply/demand of imported software products because_ Show the effect of the change in the price Polish software products. Equilibrium price, equilibrium quantity___ р qe q pe
The war in Ukraine has driven many highly qualified IT specialists into neighboring Poland, where many chose to remain and start looking for jobs
There are four graphs, depicting: (1) labor market for IT specialists in Poland, (2) the profit maximizing decision of a typical
You have to address the questions in order, starting with the labor market for farm workers.
In the labor market for IT specialists::
1. Label clearly the
2. In the text, indicate clearly what side of the market is affected, supply or demand, by underlining or circling the relevant term.
3. Once you decided which side of the market is affected and how, show on the graph the new supply or demand curve, labeling them S' or D', and indicate the new equilibrium wage and employment, We' and Ee'.
5. In the text, fill-in the blank spaces with upward/downward pointing arrows to indicate what happens with equilibrium wage and employment.
On the graph representing the typical Polish software firm:
- Label the cost functions.
- In the text, indicate whether the influx of foreign IT specialists affect the firm’s cost functions/demand.
- Show the effect of the tax on the firm’s cost functions/demand.
- Indicate the new profit maximizing level of output (q*).
- In the text, Indicate whether the firm makes a
profit/loss . - Show the profit/loss on the graph
In the market for Polish software products and in the Polish market for imported software products:
1. Label clearly the supply and demand curves, S and D.
2. In the text, indicate clearly what side of the market is affected, supply or demand, by underlining or circling the relevant term.
3. In the text, indicate clearly by filling in the space provided, the connection between the markets. Why does the change in the price or quantity of one good affect demand or supply of another good (for example, the goods are substitutes in consumption, or one good is an input in the production of the other, etc.)
4. Once you decided which side of the market is affected and how, show on the graph the new supply or demand curve, labeling them S' or D', and indicate the new
5. In the text, fill-in the blank spaces with upward/downward pointing arrows to indicate what happens with equilibrium price and quantity.
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