VMPs of 10 workers in a hypothetical labor market

The following table describes the VMPs of 10 workers in a hypothetical labor market. Worker VMP/hour 1 $10 2 $20 .. 9 $90 10 $100 Further assume that Firm 1 pays a worker a piece rate and Firm 2 pays a time rate equal to $40/hour. (a) How do workers sort themselves across firms? (b) What happens if there is an increase in demand that increases the price of the firm's product by 10%? (c) What is there is an increase in demand that increases the price of the product by 20%?

Labor economics

A 30 year worker and a 60 year old are identical in terms of skill, search costs and the wage offer distribution they face. (i) Explain why these workers will have different asking wages. (ii) Why would search theory explain the differences in their unemployment rate?

How do increase my total revenue?

If I have to layoff 19 employees because the company is upside down -$1878.00 after total cost. So, by cutting staff of 19 with a salary of $100 per day, an eight hour day, how much will I save?

Labor econ

"The US should reduce unemployment by hiring anyone who cannot find work in the private sector"

CBO's economic and budget projections

How does the state of the economy affect federal budget.How can macroeconomic variables inter-relate to each other.