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PRINCIPLES OF ECONOMICS Second Edition Chapter 15 WAGE RATES IN COMPETITIVE LABOR MARKETS 78.

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Presentation on theme: "PRINCIPLES OF ECONOMICS Second Edition Chapter 15 WAGE RATES IN COMPETITIVE LABOR MARKETS 78."— Presentation transcript:

1 PRINCIPLES OF ECONOMICS Second Edition Chapter 15 WAGE RATES IN COMPETITIVE LABOR MARKETS 78

2 Gottheil 2e Comprehensive (Exhibit 15.1), Micro (Exhibit 15.1), Macro (Exhibit —) ©2000 South-Western College Publishing Output and Marginal Physical Product Curves 79

3 Gottheil 2e Comprehensive (Exhibit 15.2), Micro (Exhibit 15.2), Macro (Exhibit —) ©2000 South-Western College Publishing Deriving the Marginal Labor Cost Curve 80

4 Gottheil 2e Comprehensive (Exhibit 15.3), Micro (Exhibit 15.3), Macro (Exhibit —) ©2000 South-Western College Publishing The Demand for Labor 81

5 Gottheil 2e Comprehensive (Exhibit 15.4), Micro (Exhibit 15.4), Macro (Exhibit —) ©2000 South-Western College Publishing Shift in the Demand Curve for Labor Caused by an Increase in the Price of the Good 82

6 Gottheil 2e Comprehensive (Exhibit 15.6), Micro (Exhibit 15.6), Macro (Exhibit —) ©2000 South-Western College Publishing Industry Demand for Labor 83

7 Gottheil 2e Comprehensive (Exhibit 15.7), Micro (Exhibit 15.7), Macro (Exhibit —) ©2000 South-Western College Publishing The Supply Curve of Labor 84

8 Gottheil 2e Comprehensive (Exhibit 15.8), Micro (Exhibit 15.8), Macro (Exhibit —) ©2000 South-Western College Publishing Changes in the Supply Curve of Labor 85

9 Gottheil 2e Comprehensive (Exhibit 15.9), Micro (Exhibit 15.9), Macro (Exhibit —) ©2000 South-Western College Publishing The Backward-Bending Supply Curve of Labor 86

10 Gottheil 2e Comprehensive (Exhibit 15.10), Micro (Exhibit 15.10), Macro (Exhibit —) ©2000 South-Western College Publishing The Labor Market 87

11 Gottheil 2e Comprehensive (Exhibit 15.11), Micro (Exhibit 15.11), Macro (Exhibit —) ©2000 South-Western College Publishing North-South Wage Rate Differentials 88

12 Gottheil 2e Comprehensive (Exhibit 15.13), Micro (Exhibit 15.13), Macro (Exhibit —) ©2000 South-Western College Publishing The Effects of Minimum Wage Rates 89


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