Try another version of these questions Suppose that the employer is hiring workers in a perfectly competitive market where the market equilibrium wage is $6.
How many workers will be hired at this wage? Hint
Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 The table below shows data for the production of Pineapples for an individual firm operating in an imperfectly competitive market. Hint
Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 2: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 3: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 4: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 5: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 6: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 7: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 8: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 9: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 10: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 The graph below shows the labor demand curve for this firm. Note: VMPL stands for Value of the Marginal Product of Labor. MRPL stands for Marginal Revenue Product of Labor. What is the number of workers that this firm will hire if this firm is selling its output in an imperfectly competitive market? Hint Box 1: Select the best answer The graph below shows the labor demand curve for this firm. Note: VMPL stands for Value of the Marginal Product of Labor. MRPL stands for Marginal Revenue Product of Labor. What is the number of workers that would be hired if this firm would be selling its output in a perfectly competitive market? Hint Box 1: Select the best answer The graph below shows the supply and demand curves for labor in a perfectly competitive market.
thousand Hint Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 The graph below shows the supply and demand curves for labor in a perfectly competitive market.
$ Hint
Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity
Given this data, complete the table:
Number of workers Number of Pineapples Marginal Revenue 0 0 16 10 120 15 20 216 14 30 288 13 40 336 12 50 360 11
Quantity of Pineapples
Marginal Product of Labor (MPL)
Marginal Revenue Product of Labor (MRPL)
0
-
-
10
20
30
40
50
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity