Chapter 03 Derek Laing The Short-Run Demand for Labor.

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Presentation transcript:

Chapter 03 Derek Laing The Short-Run Demand for Labor

Labor Economics Copyright © 2011 by W.W. Norton & Company, Inc. Assumption 3.1

Labor Economics Copyright © 2011 by W.W. Norton & Company, Inc. Assumption 3.2

Labor Economics Copyright © 2011 by W.W. Norton & Company, Inc. Figure 3.2 The Short-Run Technology: y = f(L)‏

Labor Economics Copyright © 2011 by W.W. Norton & Company, Inc. Figure 3.3 The Short-Run Production Function: y = f (L)‏

Labor Economics Copyright © 2011 by W.W. Norton & Company, Inc. Assumption 3.3

Labor Economics Copyright © 2011 by W.W. Norton & Company, Inc. Definition 3.3

Labor Economics Copyright © 2011 by W.W. Norton & Company, Inc. Figure 3.5 The Optimal Choice

Labor Economics Copyright © 2011 by W.W. Norton & Company, Inc. Figure 3.7 The Monopolist’s Labor-Demand Curve

Labor Economics Copyright © 2011 by W.W. Norton & Company, Inc.

Labor Economics Copyright © 2011 by W.W. Norton & Company, Inc. Figure 3.9 The Monopsonist’s Demand for Labor

Labor Economics Copyright © 2011 by W.W. Norton & Company, Inc. Equation 3.19

Labor Economics Copyright © 2011 by W.W. Norton & Company, Inc. Figure 3.10 The Effect of a Wage Floor on a Monopsonist