How many tas will it hire

Assignment Help Microeconomics
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..

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!

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