Quantity supplied of labor for male high school graduates

Assignment Help Business Economics

Reference no: EM13854716

He wage elasticity of labor supply for men aged 18-25 is measured to be 0.3. Within this group, the average weekly wage of the high-school graduates is 2/3 the amount of college graduates. Assume that wage elasticity and all other individual characteristics (like intelligence, taste for work, networking skills, etc.) are the same across the education groups. If male college graduates offer 45 hours of work per week, what would be the quantity supplied of labor for male high school graduates? Please use the midpoint formula when calculating your answer.

Reference no: EM13854716

Questions Cloud

Consider economy with production possibilities represented : Consider an economy with its production possibilities represented by. Suppose the economy starts with a capital stock at time t = 0 equal to 1 unit. Write down the values of gross investment, net investment, capital, consumption, and output observed ..

Attempt to reduce obesity and promote more healthful living : In September 2012, the New York City Board of Health approved Mayor Michael Bloomberg's proposal to ban the sale of large sugary drinks in restaurants and other venues in an attempt to reduce obesity and promote more healthful living. How do you thin..

What evidence would the union say was violated? : What evidence would the Union say was violated?

Explain the relationship between actual national income : Explain the relationship between Actual National Income (Y) and Desired Aggregate Expenditure (AE = C + I) and how this creates equilibrium National Income?

Quantity supplied of labor for male high school graduates : He wage elasticity of labor supply for men aged 18-25 is measured to be 0.3. Within this group, the average weekly wage of the high-school graduates is 2/3 the amount of college graduates. If male college graduates offer 45 hours of work per week, wh..

Conducting a sociolinguistic field interview : Write the results of your interview in the form of an essay. Do not do a question and answer format--that is your transcript, which will be a word-for-word record of the interview in standard orthography and which will be appended to your essay.

How many employees do you typically manage at one time : How many employees/people do you typically manage at one time?

Original idea for social networking : Who do you think should be known as theone who came up with the original idea for social networking? Which ismore important: the idea or the execution of the idea? Please explain.

Discuss the pros and cons of the two advanced forms : Discuss the pros and cons of the two “advanced” forms of estimating energy demand. What do they excel at and where are they lacking? How might policy changes be built into the models? Discuss the cost features of renewable energies in the supply elec..

User Account

All Pages