I’m working on a economics Discussion and need an explanation to help me learn. First, how can we “measure” whether our labor market is strong? In your answer, please put emphasis on the unemployment rate, the labor force participation rate, underemployment, etc. That said, according to the text, we should get paid our “marginal revenue product” (MRP) – what does this depend on? How can we use what we know about the MRP to explain why wages differ from one job to the next in our economy? What are some variables that are related to the MRP…? In other words, the MRP is a bit too general, so if we were to examine earnings related to other variables, what would they be?
In case you have a similar question and need it answered for you just click Order Now. At Academizzed.com we have all the most qualified academic writers and tutors, for all your assignments, essays, cases studies, discussion posts, project proposals, research papers, discussion posts, nursing assignments, admission essays, blog articles, and other forms of academic work.