Draw side by side graphs for Bob and Kevin's machine shops. Both graphs should have a...

 

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Draw side by side graphs for Bob and Kevin's machine shops. Both graphs should have a range of 0- 28 workers on the Q of Labor axis (horizontal). They should also have a range of $0-$75 per hour on the P of Labor axis (wages). The VMPL line for Bob's shops should run from $40 at 0 workers to $22 at 28 workers. The VMPL line for Kevin's shop should run from $60 at 0 workers to $0 at 19 workers. a. How many workers does Bob employ? b. How many workers does Kevin employ? C. The Aerotech and maritime industries are growing nationally. That is creating more employment opportunities for trained machinists and therefore a jump in wages. . If the wage for Machinists were to climb up to $38, how many employees would Bob and Kevin be able to hire? Bob and Kevin both negotiate better contracts with the airline and boat firms they sell to. Their machine shops are now getting paid more for the work they do. In Bob's case, the new VMPL starts at the same point on the right of his company's graph and then goes up to $60 at 0 workers. Kevin's company VMPL also starts at the same point on the right side and then goes up to $75 at 0 workers. d. With these new wages and contracts, how many employees can Bob hire? e. How many for Kevin? Draw side by side graphs for Bob and Kevin's machine shops. Both graphs should have a range of 0- 28 workers on the Q of Labor axis (horizontal). They should also have a range of $0-$75 per hour on the P of Labor axis (wages). The VMPL line for Bob's shops should run from $40 at 0 workers to $22 at 28 workers. The VMPL line for Kevin's shop should run from $60 at 0 workers to $0 at 19 workers. a. How many workers does Bob employ? b. How many workers does Kevin employ? C. The Aerotech and maritime industries are growing nationally. That is creating more employment opportunities for trained machinists and therefore a jump in wages. . If the wage for Machinists were to climb up to $38, how many employees would Bob and Kevin be able to hire? Bob and Kevin both negotiate better contracts with the airline and boat firms they sell to. Their machine shops are now getting paid more for the work they do. In Bob's case, the new VMPL starts at the same point on the right of his company's graph and then goes up to $60 at 0 workers. Kevin's company VMPL also starts at the same point on the right side and then goes up to $75 at 0 workers. d. With these new wages and contracts, how many employees can Bob hire? e. How many for Kevin?

Answer rating: 100% (QA)

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