BSB113 Lecture Notes - Lecture 6: Marginal Revenue Productivity Theory Of Wages, Marginal Product
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She employs 87 apple pickers and pays them per hour to pick apples, which she sells for per box. If in income tax is lowered, workers would earn more (right?) The wages would be lower because there had been a sufficient amount of supply: personnel economics, 5. 4: there won"t be someone who work less unless they are earning more than they want. Hence the backward curve of the supply curve: the market for capital and natural resources, 6. 4: maybe.
