5 How does Wandas demand for labour change? What happens to the number of students that Wanda...
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5 How does Wanda’s demand for labour change? What happens to the number of students that Wanda employs?
The market price of fish falls to 33 cents a kilogram, but the packers’ wage rate remains at €7.50 an hour.
Wanda owns a fish shop in Barcelona. She employs students to sort and pack the fish. Students can pack the following amounts of fish in an hour:
The fi sh market is competitive. The market price of fi sh is 50 cents a kilogram and the wage rate of packers is €7.50 an hour
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Related Book For 
Economics
ISBN: 9781118150122
10th European Edition
Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews
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