A C T I V E L E A R N I N G 1 : Computing MPL and VMPL

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# A C T I V E L E A R N I N G 1 : Computing MPL and VMPL - PowerPoint PPT Presentation

0. A C T I V E L E A R N I N G 1 : Computing MPL and VMPL. L (no. of workers). Q (bushels of wheat). MPL. VMPL. P = \$5/bushel. Find MPL and VMPL , fill them in the blank spaces of the table. Then graph a curve with VMPL on the vertical axis, L on horiz axis. 0. 0. 1.

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ACTIVE LEARNING 1: Computing MPL and VMPL

L

(no. of workers)

Q

(bushels of wheat)

MPL

VMPL

P = \$5/bushel.

Find MPLand VMPL, fill them in the blank spaces of the table.

Then graph a curve with VMPL on the vertical axis, L on horiz axis.

0

0

1

1000

2

1800

3

2400

4

2800

5

3000

1

0

In each of the following scenarios, use a diagram of the market for auto workers to find the effects on the wage and number of auto workers employed.

A. Baby Boomers in the auto industry retire.

B. Widespread recalls of U.S. autos shift car buyers’ demand toward imported autos.

C. Technological progress boosts productivity in the auto manufacturing industry.

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