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ch18


DisciplinaFundamentos da Economia14.957 materiais178.621 seguidores
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Copyright © 2006 Thomson Learning
6 
THE ECONOMICS OF LABOUR MARKETS
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18
The Markets for the Factors of Production 
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Figure 1 The Versatility of Supply and Demand
Copyright©2003 Southwestern/Thomson Learning
Quantity of
Apples
0
Price of
Apples
Quantity of
Apple Pickers
0
Wage of
Apple
Pickers
(a) The Market for Apples
(b) The Market for Apple Pickers
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Table 1 How the Competitive Firm Decides How Much Labour to Hire
Copyright©2004 South-Western
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Figure 2 The Production Function
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Quantity of
Apple Pickers
0
Quantity
of Apples
300
280
240
180
100
1
2
3
4
5
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Figure 2 The Production Function
Copyright©2003 Southwestern/Thomson Learning
Quantity of
Apple Pickers
0
Quantity
of Apples
300
280
240
180
100
1
2
3
4
5
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Figure 3 The Value of the Marginal Product of Labour
Copyright©2003 Southwestern/Thomson Learning
0
Quantity of
Apple Pickers
0
Value
 of the
Marginal
Product
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Figure 4 Equilibrium in a Labour Market
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Wage
(price of
labour)
0
Quantity of
labour
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Figure 4 Equilibrium in a Labour Market
Copyright©2003 Southwestern/Thomson Learning
Wage
(price of
labour)
0
Quantity of
labour
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Figure 5 A Shift in Labour Supply
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Wage
(price of
labour)
0
Quantity of
labour
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Figure 6 A Shift in Labour Demand
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Wage
(price of
labour)
0
Quantity of
labour
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Table 2 Productivity and Wage Growth (%)
in the United Kingdom.
Copyright©2004 South-Western
Copyright © 2006 Thomson Learning
Figure 7 The Markets for Land and Capital
Copyright©2003 Southwestern/Thomson Learning
Quantity of
Land
0
Rental
Price of
Land
Quantity of
Capital
0
Rental
Price of
Capital
(a) The Market for Land
(b) The Market for Capital