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Card 6
Front
Hence MRP=
Back
Card 7
Front
Where is the equilibirum quantity of labour established?
Back
Card 8
Front
Why is this?
Back
Card 9
Front
Draw diagram with MRP curve and supply of labour... (employment x-axis, wage rates y-axis). Why is the curve that shape?
Back
Card 10
Front
What is the elasticity of demand for labour?
Back
Card 11
Front
Give 4 factors affecting elasticity of demand for labour.
Back
Card 12
Front
What is the supply of labour? What does it consist of?
Back
Card 13
Front
Define a)economically active b)unemployed c)monetary factors
Back
Card 14
Front
d)Participation rate e)Economically Inactive f)Non-monetary factors
Back
Card 15
Front
What are the non-monetary factors affecting the supply of labour? (8) (should be able to explain how)
Back
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