Assume that the company in the perfect competitive company and the labour demand are as listed: 𝐿𝐷1 = 10
Posted: Sat Mar 19, 2022 5:50 pm
Assume that the company in the perfect competitive company
and the labour demand are as listed:
πΏπ·1 = 100 β 60π€
πΏπ·2 = 120 β 80π€
i.) then calculate/get the labour demand of the market
ii.) and suppose the labour supply of the market is as: πΏπ = β40 +
100π€. then calculate the equilibrium wage rate
iii.) then also suppose/assume that the government starts
taxing the consumption of the outputs produced by this company,
which causes the quantity demanded Qd for the product to then
decrease. So as a derived demand, the labour demand of both
company/industry of the LD1 AND LD2 decrease by 10%. then calculate
the new labour demand of this market
iv.) and also then calculate the new equilibrium wage rate with the
effect of the tax
and the labour demand are as listed:
πΏπ·1 = 100 β 60π€
πΏπ·2 = 120 β 80π€
i.) then calculate/get the labour demand of the market
ii.) and suppose the labour supply of the market is as: πΏπ = β40 +
100π€. then calculate the equilibrium wage rate
iii.) then also suppose/assume that the government starts
taxing the consumption of the outputs produced by this company,
which causes the quantity demanded Qd for the product to then
decrease. So as a derived demand, the labour demand of both
company/industry of the LD1 AND LD2 decrease by 10%. then calculate
the new labour demand of this market
iv.) and also then calculate the new equilibrium wage rate with the
effect of the tax