Answer:
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Answer:
B. Increase and the real wage will increase.
Explanation:
In the case when there is a rise in population so the labor supply also rises and the equilibrium labor quantity would also rise
So it would result in rise in capital market due to which the labor would become more productive and there is a rise in the labor demand
This leads to greater real wages rate and rise in full labor quantity employment
Hence, the option b is correct
Not all of the time because it can be very biased
Answer:
Perfect Competition meaning & equilibrium condition. Explanation of various cases when Q can be either options.
Explanation:
Perfect Competition market is a market with many buyers & sellers, selling homogeneous products, at identical prices.
Perfect competition firm is at equilibrium, when : Marginal Revenue (MR), ie same as Price (P) = Marginal Cost (MC)
- Suppose TC = 100 + Q^2 , P = 60
Then MC = 2Q . Equalising MC & P, Q = 60 / 2 = <u>30 </u>
- Suppose TC = 100 + Q^2 , P = 80
Then MC = 2Q. Equalising MC & P , Q = 80/2 = <u>40 </u>
- Suppose TC = 100 + Q^2 , P = 100
Then MC = 2. Equalising MC & P, Q = 100/2 = <u>50 </u>
- Suppose TC = 100 + Q^2 , P = 120
Then MC = 2Q. Equalising MC & P, Q = 120 / 2 = <u>60 </u>
Based on the data given and the unemployment rates, the appropriate graph for the data is shown attached.
<h3>What goes into the graph?</h3>
The title of the graph will be Unemployment Rate in the United States, 1955 to 2015. This would capture the all the years that the unemployment rate is being discussed on.
The y axis will be the axis where the unemployment rates will be listed so the best title would be "unemployment rates". This would allow for the graph to be properly drawn.
The x axis will be for the years and will run from 1950 to 2020 so that anyone looking at the graph will be able to see all the years that are being discussed and their relevant unemployment rates.
When the graph points are then connected, the shape would show a fluctuation but then a general fall after 1985.
Find out more on unemployment in the United States at brainly.com/question/14629507
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