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ECC1000 - Principles of microeconomics - S2 2025

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Which of the following would cause a decrease in the demand for cars?

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What wage does the school have to offer to maintain a workforce of 100 after the hiring line pivots upwards? Enter only the number, with no additional words or symbols.

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Suppose the new hiring line is associated with a lower average quitting rate of 2%. What wage would be required to maintain a workforce of 100 with the new hiring line?

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As the hiring line becomes steeper (from the solid line to the dashed line), the reservation wage curve:

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Read the following statements regarding employment rents and select the correct one(s).

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From the following aspects of a university lecturer's job, select the one(s) which the employer like to see done but cannot be covered in a contract (or if they are, cannot be enforced).

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Read the following statements and select the option(s) which could contribute to an increase in the employment rent.

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Suppose Maria expects to get another job within 44 weeks, but does not expect to find another job with the same wage. The average wage of other jobs she could get is $11 per hour and the average disutility of effort is the same as the current job. What is Maria's total employment rent for three years, assuming there are 52 weeks per year? Enter only the number, with no additional symbols or words.

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Suppose Maria can find another job at the same wage rate and same cost of effort after 44 weeks of being unemployed. What is Maria's total employment rent in that case? Enter only the number, with no additional symbols or words.

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What is Maria's employment rent per hour? Enter only the number, with no additional symbols or words.

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