Alpha Geek

(8)

$10/per page/Negotiable

About Alpha Geek

Levels Tought:
University

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Environmental science,Essay writing,Programming,Social Science,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 438 Weeks Ago, 1 Day Ago
Questions Answered: 9562
Tutorials Posted: 9559

Education

  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

Experience

  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Economics Posted 08 May 2017 My Price 7.00

The current wage rate in both firms is $7 per hour.

The following table gives the demand for labor at two different firms.

The current wage rate in both firms is $7 per hour. A union would like to organize employees in one of the firms and bargain to raise the wage rate to $8 per hour. Calculate the wage elasticity of demand for each firm if the wage rate were increased from $7 per hour to $8 per hour. Which firm would the union be more interested in organizing? Why?

Answers

Alpha Geek
(8)
Status NEW Posted 08 May 2017 09:05 AM My Price 7.00

-----------

Attachments

file 1494237300-1754002_1_636298029102608732_Wage-elasticy-of-Demand.xlsx preview (164 words )
17-----------540-----------02&-----------amp-----------;am-----------p;i-----------nfo-----------Id=-----------475-----------918-----------Ela-----------sti-----------cit-----------y o-----------f D-----------ema-----------ndT-----------he -----------fol-----------low-----------ing----------- ta-----------ble----------- gi-----------ves----------- th-----------e d-----------ema-----------nd -----------for----------- la-----------bor----------- at----------- tw-----------o d-----------iff-----------ere-----------nt -----------fir-----------ms.-----------Wag-----------e r-----------ate-----------(P)-----------Dem-----------and----------- fr-----------om -----------ABC-----------Dem-----------and----------- fr-----------om -----------XYZ-----------$QT-----------he -----------cur-----------ren-----------t w-----------age----------- ra-----------te -----------in -----------bot-----------h f-----------irm-----------s i-----------s $-----------7 p-----------er -----------hou-----------r. -----------A u-----------nio-----------n w-----------oul-----------d l-----------ike----------- to----------- or-----------gan-----------ize----------- em-----------plo-----------yee-----------s i-----------n o-----------ne -----------of -----------the----------- fi-----------rms----------- an-----------d b-----------arg-----------ain----------- to----------- ra-----------ise----------- th-----------e w-----------age----------- ra-----------te -----------to -----------$8 -----------per----------- ho-----------ur.-----------. -----------Cal-----------cul-----------ate----------- th-----------e w-----------age----------- el-----------ast-----------ici-----------ty -----------of -----------dem-----------and----------- fo-----------r e-----------ach----------- fi-----------rm -----------if -----------the----------- wa-----------ge -----------rat-----------e w-----------ere----------- in-----------cre-----------ase-----------d f-----------rom----------- $7----------- pe-----------r h-----------our-----------
Not Rated(0)