economics

posted by .

Please help.
Can anyone give me a couple of examples of political activites that the union can pursue to manipulate the firm's elasticity of labor demand using Marshalls rules of derived demand.

  • economics -

    Unions have been effective in affecting legislation regarding:
    1) worker safety
    2) worker conditions
    3) number of workable hours in a week
    4) notification requirement before layoffs
    5) minimum wages
    6) etc.

    Each of these has an impact on the level and elasticity in the demand for labor.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. economic

    Suppose that your firm was accused of illegally conspiring with other sellers to act as a monopolist. In searching for an expert witness, you discover one economist who has calculate the cross elasticity of demand for your industry's …
  2. Microeconomics

    The labor demand curve of a purely competitive seller: What exactly is your question?
  3. Economics - Cournot Model

    There is one firm with a marginal cost of 0. It's monopoly price is 10. Another firm enters, also with zero marginal cost. Using the Cournot model, would would the new oligopoly price be?
  4. Economics

    How is elasticity of supply related to elasticity of demand?
  5. economics

    the more elastic the demand for the good labor produces, the less elastic the demand for labor. True or False When a monopolistically competitive firm is in long-run equilibrium, average total cost is at its minimum. True or False
  6. managerial economics

    1. Calculate the demand elasticity of demand ( by using at least two methods) given the following information: P1 = 10 Q1=100 P2 = 15 Q2 = 20 Is the product elastic or inelastic?
  7. economics

    You are the manager of a firm that receives revenues of $40,000 per year from product X and $90,000 per year from product Y. The own price elasticity of demand for product X is -1.5, and the cross-price elasticity of demand between …
  8. Economics

    Why does unemployment rise when the economy slows?
  9. Economics

    1.calculate the price elasticity of demand when the price was increased from R25 to R40 ?
  10. Economics 201

    Determine the price elasticity of demand for a microwave that experienced a 20% drop in price and a 50% increase in weekly demand quantity. I know I have to use the price elasticity of demand formula, but I keep getting the wrong answer. …

More Similar Questions