COMMUNICATIVE SITUATIONS

Date: 2015-10-07; view: 560.

1. Round-table discussion. The question on the agenda is «Labour and Wages».

Questions for discussion:

n What are two factors that affect the demand for labour?

n How does marginal revenue product affect the demand for labour?

n Why is the demand curve for labour downsloping?

n What determines the supply of labour?

Use the graph «Labour and Wages», which shows the supply and demand curves for a perfectly competitive labour market:

										S
$ 5.00
4.50
4.00
3.50
3.00
2.50
2.00
1.50
1.00
									D

0 100 200 300 400 500 600 700 800 900 1000

Quantity of Labour