Fyrirtki hefur framleislufalli Q=2L K ar sem Q er framleitt magn af vru ea jnustu, L er vinnuafl og K er fjrmagn.

Hver eru laun fyrirtkinu ef samkeppni er fullkomin? (muni a laun eru jfn jaarframleini vi fullkomna samkeppni)

Teikni vinnuaflseftirspurn og vinnuaflsframbo graf me w y-snum og L x-snum.

Ri stuttu mli hvers vegna lnurnar halla eins og r gera. Athugi a framleislufalli og arar upplsingar dminu hafa engin hrif a hvernig myndin ltur t.

N gerist tvennt. a vera vntar tkniframfarir og n poplsk rkisstjrn lkkar eftirlaunaaldur. Hvernig hreyfast lnurnar og hvers vegna? Eru hrifin w jkv, neikv ea ljs? Eru hrifin L jkv, neikv ea ljs? Hvers vegna?

A company has a production function Q=2L+K where Q is the quantity of goods or services produced, L is labor and K is capital. What is the wage in the firm if competition is perfect? (remember that wages equal marginal productivity under perfect competition) Plot labor demand and labor supply on a graph with w on the y-axis and L on the x-axis. Briefly discuss why the lines slope the way they do. Note that the production function and other details in the example have no effect on how the image looks. Now two things happen. There will be unexpected technological advances and a new populist government lowers the retirement age. How do the lines move and why? Is the effect on w positive, negative, or ambiguous? Is the effect on L positive, negative or unclear? Why? A company has a production function Q=2L+K where Q is the quantity of goods or services produced, L is labor and K is capital. What is the wage in the firm if competition is perfect? (remember that wages equal marginal productivity under perfect competition) Plot labor demand and labor supply on a graph with w on the y-axis and L on the x-axis. Briefly discuss why the lines slope the way they do. Note that the production function and other details in the example have no effect on how the image looks. Now two things happen. There will be unexpected technological advances and a new populist government lowers the retirement age. How do the lines move and why? Is the effect on w positive, negative, or ambiguous? Is the effect on L positive, negative or unclear? Why