Business, 31.12.2019 06:31 anymouse110

Use the information in the schedules above to draw this economy's production function. label it. draw a point to show equilibrium employment and potential gdp. at the full-employment quantity of labor, the real wage rate is $ an hour.

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Answer from: DreamDarkly768

The information in the schedules can be found on this link:

https://www.google.ch/search?q=%22production+function+and+demand+for+labor+schedules%22&hl=en&tbm=isch&source=iu&ictx=1&fir=Q9NxFXsgg-TLAM%253A%252C3Ii2VLpJgT9QqM%252C_&vet=1&usg=AI4_-kT1RugPPWJXULztRybSitHwqJnmQg&sa=X&ved=2ahUKEwjV-vf__eXmAhUDvVkKHYsSDh8Q9QEwCHoECAoQDA#imgrc=_&vet=1

There is a federal agency in the legislative branch of the US Government that makes economic information available, that agency is "The Congressional Budget Office", which inspects and breaks down the distribution of income in the country and how it changes over time.

The GDP is the value of goods and services produced in a year; the production function is the relationship between GDP and labor, where labor supply is wage rate and labor hours at such wage rates and the combination of wage rates and labour hours determines the labor demand. With the info provided in the example, the real wage rate would be $2 an hour.

Use the information in the schedules above to draw this economy's production function. label it. dr

Answer from: Quest

so they can see what that city is producing and to also see if they can some how get that product. like gold in africa.

Answer from: Quest

In the 10th grade, i was teamed up in a group of four. our project was on modern history. altho it seemed super hard for many of us. patrick fleming took charge and showed us the understanding of this project. his leadership showed great ethics and it taught me, personally, how to others understand, not just to show them, but explain it thoroughly. and altho he was a great teacher i would have changed a few things. one being his attitude. many times he would get frustrated and impatient with the group. i think a leader i would have done exactly what he did but with much more patience and be there more to explain. such as lunch learning. and giving everybody a chance to try to explain it in their head.

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Use the information in the schedules above to draw this economy's production function. label it. dra...

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