If demand is absolutly inelastic then the number of jobs is fixed whatever the pay. But here is just inelastic demand, so the number of jobs will vary, but on very small quantity!
Suppose that a union's goal is to maximize the total wage income received by union workers, namely, the average union wage times the number of union workers employed. To achieve this goal, the union should:
A. Decrease the union wage rate if labor demand is inelastic and increase the wage...
1)Let f and g be functions such that f (x) + g(x) and f (x) − g(x) are
continuous at x = x0 . Must f and g be continuous at x = x0 ?
2)What can be said about the continuity of f (x) + g(x) at x = x0 , if
f (x) is continuous and g(x) is discontinuous at x = x0 ?
3)What can be said...
Consider the sequence [SIZE="3"]x[SIZE="1"]n in which [SIZE="3"]x[SIZE="1"]n = 1/2([SIZE="3"]x[SIZE="1"]n−1 + (3/[SIZE="3"]x[SIZE="1"]n-1) and [SIZE="3"]x[SIZE="1"]1 = a
(a not equals 0). Find lim [SIZE="1"]n →∞ [SIZE="3"]x[SIZE="1"]n
Consider the sequence [SIZE="3"]x[SIZE="1"]n in which [SIZE="3"]x[SIZE="1"]n = 1/2([SIZE="3"]x[SIZE="1"]n−1 + (3/[SIZE="3"]x[SIZE="1"]n-1) and [SIZE="3"]x[SIZE="1"]1 = a
(a not equals 0). Find lim [SIZE="1"]n →∞ [SIZE="3"]x[SIZE="1"]n
Suppose [SIZE="3"]g[SIZE="1"]1 , [SIZE="3"]g[SIZE="1"]2 ,... are any numbers that satisfy the inequalities
0 < [SIZE="3"]g[SIZE="1"]n < 1 and (1 − [SIZE="3"]g[SIZE="1"]n)[SIZE="3"]g[SIZE="1"]n+1 > 1/4 for all n.
Prove that lim [SIZE="3"]g[SIZE="1"]n for n→∞ exists, and find it.
I need...
Suppose [SIZE="3"]g[SIZE="1"]1 , [SIZE="3"]g[SIZE="1"]2 ,... are any numbers that satisfy the inequalities
0 < [SIZE="3"]g[SIZE="1"]n < 1 and (1 − [SIZE="3"]g[SIZE="1"]n )[SIZE="3"]g[SIZE="1"]n+1 > 1/4 for all n.
Prove that lim [SIZE="3"]g[SIZE="1"]n for n→∞ exists, and find it.
I need...