(SOLVED) A How does the students marginal product

change b How does

A How does the students marginal product change b How does a. How does the students’
marginal product change? b. How does the value of marginal product of labor change? The
market price of fish falls to 33.33¢ a pound, but the packers’ wage rate remains at $7.50 an
hour. […]

Water is a natural resource that is plentiful in Canada Water is a natural resource that is plentiful
in Canada but not plentiful in Arizona. a. If Canadians start to export bulk water to Arizona, what
do you predict will be the effect on the price of bulk water? b. […]

New technology has allowed oil to be pumped from much New technology has allowed oil to be
pumped from much deeper offshore oil fields than before. For example, 28 deep ocean rigs
operate in the deep waters of the Gulf of Mexico. a. What effect do you think deep ocean […]

If the market for labor in mining is competitive explain If the market for labor in mining is
competitive, explain the potential effect of a union on the wage rate. Draw a graph to illustrate
your answer Impala Platinum has sacked 17,000 South African miners at its Rustenburg mine
because […]

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A Explain how a miners union would attempt to counteract a. Explain how a miners’ union
would attempt to counteract Impala Mine’s wage offers. b. Is it possible that the union officials
might be acting in their own interest and not in the interest of the miners? Impala Platinum has
[…]

A Explain how it is possible that the mine workers a. Explain how it is possible that the mine
workers were being paid less than the wage that would be paid in a competitive labor market. b.
What would be the effect of a minimum wage law in the market […]

How would the wage rate and employment for the Rustenburg How would the wage rate and
employment for the Rustenburg miners be determined in a competitive market? Impala Platinum
has sacked 17,000 South African miners at its Rustenburg mine because they took part in an
illegal strike. The miners refused […]

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