The following table depicts the number of grapes that can be picked in an hour with...
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The following table depicts the number of grapes that can be picked in an hour with varying amounts of labor: Number of pickers (per hour) 2 3 38 53 4 64 5 71 6 7 8 74 74 70 Output of grapes (in flats) a. Illustrate the supply and demand of labor for a single farmer, assuming that the local wage rate is $6 an hour and a flat of grapes sells for $2. b. How many pickers will be hired? c. If the wage rate doubles, how many pickers will be hired? d. If the productivity of all workers doubles, how many pickers will be hired at a wage of $12 an hour? e. Illustrate your answers on the following graph. WAGE FATE (dolan per tout $32 30 29 26 24 22 20 18 16 14 12 10 8 6 4 2 0 1 20 NUMBER OF WORKERS (per hour) The following table depicts the number of grapes that can be picked in an hour with varying amounts of labor: Number of pickers (per hour) 2 3 38 53 4 64 5 71 6 7 8 74 74 70 Output of grapes (in flats) a. Illustrate the supply and demand of labor for a single farmer, assuming that the local wage rate is $6 an hour and a flat of grapes sells for $2. b. How many pickers will be hired? c. If the wage rate doubles, how many pickers will be hired? d. If the productivity of all workers doubles, how many pickers will be hired at a wage of $12 an hour? e. Illustrate your answers on the following graph. WAGE FATE (dolan per tout $32 30 29 26 24 22 20 18 16 14 12 10 8 6 4 2 0 1 20 NUMBER OF WORKERS (per hour)
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