Question

help pleas

Answer 1

@jim_thompson5910 please:-)

Answer 2

@tHe_FiZiCx99 @TheSmartOne

Answer 3

@jim_thompson5910

Answer 4

i need help with like 5 more please if you could just try :D

Answer 5

complements move together. Think of hamburgers and hamburger buns. If one is demanded more, then so is the other. It wouldn't make sense to demand more hamburgers but keep the demand of buns the same.

Answer 6

so it would increase!? @jim_thompson5910

Answer 7

yes

Answer 8

more economists need more software to be able to do their job

Answer 9

you don't sum vertically

Answer 10

keep in mind that demand is along the x axis

Answer 11

oh so it would be D??

Answer 12

horizontal, demand??

Answer 13

correct

Answer 14

is this one correct too?? please... i only have a couple more but need the help:-), please @jim_thompson5910

Answer 15

is what i picked right??^

Answer 16

hmm not sure about this one. I guess if tech gets better, then you don't need that many workers so it makes sense

though at the same time, if you have better tech then the company is encouraged to produce more which means more workers are needed

so like I said, I'm not sure

Answer 17

ok what about this??

Answer 18

@jim_thompson5910

Answer 19

look where D1 and S1 cross

Answer 20

at 90k

Answer 21

no, you're looking at the wrong spot

Answer 22

oh whoops 80k...

Answer 23

@jim_thompson5910

Answer 24

@jim_thompson5910 !

Answer 25

yes 80 thousand

Answer 26

can i please ask you a few more quickly and you just stay ar round 10-15 mins tops ?? sheesh @jim_thompson5910

Answer 27

sheesh?

Answer 28

no i didnt mean that----

Answer 29

please, question, i am very confused by...

Answer 30

well try not to be rude please

Answer 31

i will not, sorry sir

Answer 32

hmm it seems like $40,000 is well below all of the curves so it's not clear why they picked this value? It's way too low

Answer 33

the lowest salary is $50,000

keep in mind that in the labor market, supply is the people supplying the work. The demand is the companies seeking workers

Answer 34

i know.. it is confusing

Answer 35

@jim_thompson5910 so what do you believe the best choice to be?/

Answer 36

how does your book define "economic rent" ?

Answer 37

the extra amount earned by a resource (e.g., land, capital, or labor) by virtue of its present use.

Answer 38

does it give a formula or equation?

Answer 39

no

Answer 40

hmm let me see if I can find something

Answer 41

does this look familiar?

http://www.economicshelp.org/wp-content/uploads/2012/11/economic-rent1.png