Econ Trade Unions Week 3 & 4
0.0(0)
Studied by 0 people0.0(0)
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/3
There's no tags or description
Looks like no tags are added yet.
Last updated 3:42 AM on 2/1/26
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
4 Terms
1
New cards
Labour demand
The relationship between the quantity of labour firms are willing to hire over a given period of time and the wage rate accepted by workers
2
New cards
Wage Rate = VMPL
What is profit maximizing quantity?
3
New cards
Monopsony
A labour market where only one firm hires
4
New cards
Yn + wT
What is the vertical intercept of the labour supply model (with income on Y axis and Leisure on X axis)
Note 
Flashcards (20)