How many tas will it hire

Reference no: EM13902611

The employment of teaching assistants (TAs) by major universities can be characterized as a monopsony. Suppose the demand for TAs is W = 30,000 - 125n, where W is the wage (as an annual salary) and n is the number of TAs hired. The supply of TAs is given by W= 1000 + 75n.

a. If the university takes advantage of its monopson- ist position, how many TAs will it hire? What wage will it pay?

b. If, instead, the university faced an infinite supply of TAs at the annual wage level of $10,000, how many TAs would it hire?

Reference no: EM13902611

Questions Cloud

Prepare a table showing income before depreciation : Tory Enterprises pays $238,400 for equipment that will last five years and have a $43,600 salvage value.

Population clusters and transportation flows : 1. Population clusters and transportation flows critical to the major industries on the continent. Indicate relative size and importance to South America such as the importance of the Interstate Highway System to the trucking industry in the Unite..

Calculate output, consumer surplus, and profit : If regulators want to ensure that LWE doesn't lose money, what is the lowest price they can impose? Calculate output, consumer surplus, and profit. Is there any deadweight loss?

Define validity - predictive and concurrent validity : Define validity - Briefly describe and discuss (a) predictive validity, (b) concurrent validity, and (c) content validity - Discuss three (3) selection devices including an analysis of their validity and reliability

How many tas will it hire : The employment of teaching assistants (TAs) by major universities can be characterized as a monopsony. Suppose the demand for TAs is W = 30,000 - 125n, where W is the wage (as an annual salary) and n is the number of TAs hired. The supply of..

Calculate cash flow from operating activities : Calculate Cash Flow from operating activities. Calculate Cash Flow from Investing activities. Calculate Cash Flow from financing activities.

Discuss the history of the discipline : Discuss the history of the discipline.

What the audit would involve and who could be the auditor : What the audit would involve? Who could be the auditor? Would it be wise to allow a third party (the auditor) access to their confidential business information?

Should shift production and produce in massachusetts plant : Your widgets are manufactured in two plants, one in Massachusetts and the other in Connecticut. Because of labor problems in Connecticut, you are forced to raise wages there, so that marginal costs in that plant increase. In response to this, shou..

User Account

All Pages