3 What factors explain wage differentials? Why do movie stars get paid much more than school teachers? 4. How Is marginal revenue product of labor different from marginal product of labor? How are the two related to each other? 5. You are the CEO of Donald Trump Industries. Explain what the hiring rule is for your firm. 6 If Coca-Cola opens a bottling plant In Brazil, what effect it would have on that countrys Dim co-efficient?
- How does a union use its economic power? What are the various strategies it tries to use to meet its goals?
st. Describe the concepts of appreciation, depreciation, and devaluation of a currency.
Sample Solution
