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A C T I V E L E A R N I N G 1 : Computing MPL and VMPL

0. A C T I V E L E A R N I N G 1 : Computing MPL and VMPL. L (no. of workers). Q (bushels of wheat). MPL. VMPL. P = $5/bushel. Find MPL and VMPL , fill them in the blank spaces of the table. Then graph a curve with VMPL on the vertical axis, L on horiz axis. 0. 0. 1.

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A C T I V E L E A R N I N G 1 : Computing MPL and VMPL

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  1. 0 ACTIVE LEARNING 1: Computing MPL and VMPL L (no. of workers) Q (bushels of wheat) MPL VMPL P = $5/bushel. Find MPLand VMPL, fill them in the blank spaces of the table. Then graph a curve with VMPL on the vertical axis, L on horiz axis. 0 0 1 1000 2 1800 3 2400 4 2800 5 3000 1

  2. 0 A C T I V E L E A R N I N G 2: Changes in labor-market equilibrium In each of the following scenarios, use a diagram of the market for auto workers to find the effects on the wage and number of auto workers employed. A. Baby Boomers in the auto industry retire. B. Widespread recalls of U.S. autos shift car buyers’ demand toward imported autos. C. Technological progress boosts productivity in the auto manufacturing industry. 2

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