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.
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
(no. of workers)
(bushels of wheat)
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.
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.