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The labour market for berry pickers in the Okanagan Valley (in numbers of workers per week) is shown in below table. Hourly Wage Rate ($)
The labour market for berry pickers in the Okanagan Valley (in numbers of workers per week) is shown in below table.
Hourly Wage Rate ($) | Supply of Labour | Demand for Labour |
6 | 250 | 520 |
8 | 300 | 480 |
10 | 350 | 440 |
12 | 400 | 400 |
14 | 450 | 360 |
The data for Busy Berries is shown in below table.
# Workers hired | MRP |
25 | $14 |
30 | 12 |
35 | 10 |
40 | 8 |
45 | 6 |
a. How many workers will Busy Berries hire?
workers
b. If the supply of labour increased by 90 workers at every wage rate, what effect would this have on the number of workers that Busy Berries hires?
workers
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