Public services relative to privately produced goods, Public Economics

Assignment Help:

Industries in the country of Technologia invest in latest equipment that annually enhance productivity of private workers by three percent. Government employees do not profit from same technical advances.


1.    If wages in the private sector are set eqivalent to the value of the marginal product, how much will they increase yearly?

2.    Government workers annually get increases so that wages remain comparable to those in the private sector. What happens to the price of public services relative to privately produced goods?

3.    If the similar quantity of public services is produced every year, what happens to the size of the government (measured by spending)?


Related Discussions:- Public services relative to privately produced goods

Wage regulations, how wage increase of fixed income groups'' will affect th...

how wage increase of fixed income groups'' will affect the overall economy? what are effects exactly?

Flaws in conventional system - focus, Normal 0 false false ...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Welfare and subsidies, what are the costs and consequences of providing the...

what are the costs and consequences of providing the subsidies and welfare?

Structural interdependence and policy coordination, The structural interdep...

The structural interdependence, in fact, forms the basis for the policy maker's choice behaviour for policy or policy mixes. The spectrum formed by various policy mixes depends on

Cost-based methods, Normal 0 false false false EN-IN ...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Multinational, what is multinational? how can they help developing economie...

what is multinational? how can they help developing economies?

Explain the social and economic implications of budget, Question 1 Legisla...

Question 1 Legislature, most commonly known by the name parliament, forms the first important organ of a political organization and to hold this position it performs certain func

Write Your Message!

Captcha
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