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Tagged with production-function labor-economics
2 questions with no upvoted or accepted answers
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Toy model equilibrium calculation: How a small system's firm determines wage and price?
I am trying to model a small system, with limited population and a single firm. Personally I have no economic background but only taken a simple microeconomics course and I am quite interested in ...
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Modelling the optimal mix of labour
I am trying to model the profit maximization decision of a firm that uses two types of labor, workers A and workers B. I started by drawing the marginal product and marginal cost curves (lines, for ...
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