On 2:37 its said that the supply curve of labor can increases because the OC of workers goes up. Then on 3:13 its said that a decrease in supply of labor can happen because a decrease in OC of workers declines.
Based on how OC determines the supply of labor, it should be the other way around when the OC of labor decreases, it means for a worker it's less costly to abandon an activity to offer labor therefore expanding the supply of labor offered at each wage.
Sorry I dont undearstand crap of it. Anyways I'm going to take a heavy equipment operation course, do u think is good choice, I dont like going to school, let me ad. Is that a good trade option now? Is only 3 months. Pardon my ingnorance, but please if took time to read I hope you don't mind answering.
Where is the profit maximized?
MsSosie 10 months ago
On 2:37 its said that the supply curve of labor can increases because the OC of workers goes up. Then on 3:13 its said that a decrease in supply of labor can happen because a decrease in OC of workers declines.
Based on how OC determines the supply of labor, it should be the other way around when the OC of labor decreases, it means for a worker it's less costly to abandon an activity to offer labor therefore expanding the supply of labor offered at each wage.
Can you elaborate, please?
alexQw33 2 years ago
@alexQw33 i think you are right, he mixed the curve's shifts up, it should be the other way round as you say.
biotecka 9 months ago
Sorry I dont undearstand crap of it. Anyways I'm going to take a heavy equipment operation course, do u think is good choice, I dont like going to school, let me ad. Is that a good trade option now? Is only 3 months. Pardon my ingnorance, but please if took time to read I hope you don't mind answering.
giosuenereo 2 years ago
The video is great in terms of real life examples. Thanks for posting
mexiacansiesta 3 years ago