c. Suppose, as in part b, that there are 100 programmers inelastically supplying labor to the market. Now, head back to the table: About how many programmers will work at Robotron and how many at Korrexia? Again, use your judgment to come up with a good answer. Programmers working at Robotron: Programmers working at Korrexia: d. Suppose 50 more programmers come to town. What will the wage be now? And how many will work at each firm? Equilibrium wage: $ ___ Programmers working at Robotron:___ Programmers working at Korrexia:____
c. Suppose, as in part b, that there are 100 programmers inelastically supplying labor to the market. Now, head back to the table: About how many programmers will work at Robotron and how many at Korrexia? Again, use your judgment to come up with a good answer. Programmers working at Robotron: Programmers working at Korrexia: d. Suppose 50 more programmers come to town. What will the wage be now? And how many will work at each firm? Equilibrium wage: $ ___ Programmers working at Robotron:___ Programmers working at Korrexia:____
Chapter16: The Markets For Labor, Capital, And Land
Section: Chapter Questions
Problem 13P
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c. Suppose, as in part b, that there are 100 programmers inelastically supplying labor to the market. Now, head back to the table: About how many programmers will work at Robotron and how many at Korrexia? Again, use your judgment to come up with a good answer.
Programmers working at Robotron:
Programmers working at Korrexia:
d. Suppose 50 more programmers come to town. What will the wage be now? And how many will work at each firm?
Equilibrium wage: $ ___
Programmers working at Robotron:___
Programmers working at Korrexia:____
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