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    Economics Assignment

    Uploaded by

    Bonolo Ramahlele
    This document is a student's assignment cover page for a module on ENMB3724 delivered online or face-to-face. It includes the student's name and student number, module details, assignment topic on individual labor supply, the lecturer's name, and the due date of September 2nd, 2022. The student certifies that the assignment is their original work and acknowledges the university's plagiarism policy. The lecturer awarded the previous assignment 24 out of 25 and provided positive feedback.

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    Economics Assignment

    Uploaded by

    Bonolo Ramahlele
    41 views4 pages
    This document is a student's assignment cover page for a module on ENMB3724 delivered online or face-to-face. It includes the student's name and student number, module details, assignment topic on individual labor supply, the lecturer's name, and the due date of September 2nd, 2022. The student certifies that the assignment is their original work and acknowledges the university's plagiarism policy. The lecturer awarded the previous assignment 24 out of 25 and provided positive feedback.

    Original Description:

    Labour economics and graphs

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    This document is a student's assignment cover page for a module on ENMB3724 delivered online or face-to-face. It includes the student's name and student number, module details, assignment topic on individual labor supply, the lecturer's name, and the due date of September 2nd, 2022. The student certifies that the assignment is their original work and acknowledges the university's plagiarism policy. The lecturer awarded the previous assignment 24 out of 25 and provided positive feedback.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    41 views4 pages

    Economics Assignment

    Uploaded by

    Bonolo Ramahlele
    This document is a student's assignment cover page for a module on ENMB3724 delivered online or face-to-face. It includes the student's name and student number, module details, assignment topic on individual labor supply, the lecturer's name, and the due date of September 2nd, 2022. The student certifies that the assignment is their original work and acknowledges the university's plagiarism policy. The lecturer awarded the previous assignment 24 out of 25 and provided positive feedback.

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    © All Rights Reserved
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    ASSIGNMENT COVER PAGE

    STUDENT

    NAME AND SURNAME STUDENT NUMBER


    BONOLO RAMAHLELE 2019137153
    MODULE MODE OF DELIVERY
    ENMB3724 MODULAR ONLINE FACE TO FACE

    ASSIGNMENT LECTURER
    INDIVIDUAL CELESTE CAMPHER
    DUE DATE 02 SEPTEMBER 2022
    If you are not feeling well when submitting the assignment (emotionally or physically), please do not submit the
    assignment. Please note that no additional opportunities will be provided to resubmit an assignment after the initial
    submission. If you do have valid reasons, rather contact the office with substantiating evidence (doctor’s note, sworn
    affidavit or death certificate of close family member) BEFORE the submission date for alternative arrangements.

    By submitting this assignment, I/we hereby certify that the content of the assignment is my/our own and original
    work; that I/we have not shared the assignment with a fellow student and that all sources have been accurately
    reported and acknowledged; and that this document has not previously been submitted in its entirety or in any part
    at any educational establishment. I am aware of the Plagiarism and academic misconduct policy of the UFS.

    LECTURER
    24/25
    MARK AWARDED
    Excellent!
    COMMENT
    2

    QUESTION 1

    1.1.1. Non-discriminating monopsony

    4/4
    1.1.2. Perfectly-discriminating monopsony

    3/3
    1.2. Individual Labour Supply curve for John
    3

    3/4- cut-off point?

    QUESTION 2

    Short-run impact of changes in Wages Long-run impact of changes in Wages

    When wages increase from W1 to W2 firms would want to hire less, and the will be a decrease in
    employment, this decrease is reflected bigger on the D2, which means D2 is more elastic to the
    implemented minimum wage in the long run. D1 is inelastic to changes in wages in the short-run because
    there wasn’t enough time to adjust abruptly to the implemented wages. Instead, there would be a
    reduction in the number of working hours, days, give people a notice to find work and so on. 4/4 good!
    4

    QUESTION 3

    3.1. A. 20 per cent

    3.2. B. 29 per cent

    3.3. Factors affecting the outcome of a wage negotiation processes.

    3.3.1. In favour of an employer. 

    3.3.2. In favour of a union. 

    3.3.3. In favour of a union. 

    3.3.4. In favour of an employer. 

    3.4. Employment coefficient of South Africa

    

    10/10- good!

    T: +27(0)51 401 3166 Room 312 PO Box 339 (IB17)


    F: +27(0)51 401 3587 EMS Building, Block B Bloemfontein
    E: [email protected] 205 Nelson Mandela Drive South Africa
    http://bus.ufs.ac.za Bloemfontein 9300
    9301

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