User Account

All Pages

Define wage rate and employment for the rustenburg miners

Assignment Help Microeconomics
Reference no: EM131614548

Question: Miner Sacks 17,000 Workers Over Pay Dispute Impala Platinum has sacked 17,000 South African miners at its Rustenburg mine because they took part in an illegal strike. The miners refused to have their union negotiate in the two-week pay dispute with the world's second-largest platinum producer. Mining provides a quarter of all jobs in Rustenburg.

How would the wage rate and employment for the Rustenburg miners be determined in a competitive market?

Reference no: EM131614548

Questions Cloud

Mammals use fluid pressure waves : From an evolutionary standpoint, why does the inner ear of mammals use fluid pressure waves?
Describes the business or business solution : Describes the business or business solution, Describes a clear call to action
Explain effect of minimum wage law in the market for miners : Explain how it is possible that the mine workers were being paid less than the wage that would be paid in a competitive labour market.
What elements in the companys culture : Describe what other businesses can learn from the ethical crisis of the business you selected. What elements in the company's culture.
Define wage rate and employment for the rustenburg miners : Miner Sacks 17,000 Workers Over Pay Dispute Impala Platinum has sacked 17,000 South African miners at its Rustenburg mine.
Creating drugs using recombinant dna technology : What is endotoxic shock? Explain why the pharmaceutical industry must be mindful of this condition when creating drugs using recombinant DNA technology.
Define us supreme court''s recent second amendment decisions : How were the states' rights seen in the era of the Constitution. How are states' rights issues seen in the U.S. today. one paragraph
Describe the defining symptoms of meningitis : a. Describe the defining symptoms of meningitis. b. Pathogens causing meningitis enter the body through which portal(s) of entry?
Assess the legalities of training : Evaluate whether you will use the plan as the sole weighting for promoting and determining the eligibility of employees for opportunity to move forward at work.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd