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answer the 3 short questions based on two articles in attach file-(Answered)

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answer the 3 short questions based on two articles in attach file

1. What determines the temporary (short run) shutdown decision of a firm? Discuss with the help of examples.

2. Based on the Economist article ?Workers? share of national income: labor pains?, what is the trend on the share of national income going to the workers relative to the owners of capital? Give three major reasons behind this trend.

3. According to the Economist article, ?Minimum wages: the logical floor?, what will be the effect of a rise in the minimum wage on the number of jobs in a competitive labor market? What kind of labor market will justify a rise in the minimum wage? What will be the effect on the wage and the number of jobs in such market due to a rise in the minimum wage?


 

Paper#9209420 | Written in 27-Jul-2016

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