py neon S15 Chap tert 4 prow Boo" wbbelldtye, Reiff eacedttehe- Aabor Market E4utlibrrum ~ Grote What ts Froitible hand theorem? Amitwtin — Fe trwisiote heuel theoveris PO corse l —-—that was caineol bg ieepnenwit Rola Srrath | #0. tdustrote — te “hideben _erono mie forces : —} fhe inv sible hand theorem descr ibls the _Umsee | forces of self indevest that iimpout the free moet — | —Gansumers besea olectiions on. Seif inteweat _ eared 4 —|_ posite cuteome fe a io Qroas ke §yulticios ian a inale Competitne par a. he 7 errs in eeprom whew. tupply— ancl» _fenerading wage wr iat Jn et ae ali pevsons One Lioiang ov —. wage en job.- the aa fe P Surplu arch _tringle @ oe ver__ the Worken bei~ Onpaitin CP sg piitbet em Across WPS Pe eeee tn two feb movkets De eeal | Compattive egyiivoriom. a miyot | Mustrocke the lobo Sep ‘eae and feb Demend ceed _| im tuse Labor _rndoeceh ee aoe i - im the snake $00 thad the amr bens fm che north Ove Ob Veg. nove = yee A Pere ap | encoewrauges “Casthtan ___ WarKers in alae’ J anol _ nove north: Wwheve they can €or af Aighen _wievges Apher eato dS — bhglar Leuk of chi Lee |_Exaplesget— Neh atllio SO" the woe | heffervertiol andl veatize _thad the 06 bette by moving tw the South: _ Ahev aly Wwerlers Owe 24 gtijteal. tn the | two regtens Anal Premios cea 7G me AE money 5g aaa cheopen Lobo if workers Con move Across — ees Ls » the _ rv Qrot'on 4 aud Condes hee, tthe sepplg cu Pr both rea ion [nthe south, the 4 suppLH cune hh po the opts jn He north, He tepp lig _cuswee cheft to the PG Uk 3Cee mental) onal A region with crneillew ttre values tk prives hos hie hen ole al Greely a ov Visieey Me toned LO hey Pinto values Sey ses Tk he hee wo.ge reaiens gre ter thaw Moh ewsauae regions when _gne ConPans tu20 Cookies with Sirnilow hima Copited > the woe Gop been these Counfuies narrow Ove time with abou half ke gap CE, within a, aenerorkio: [hiss fh “ cancliei Z an.Su. Mon. Tue. Wed Thu Fri Sat “ ee | Qaestionmo te» Poli ation + = — ees ; Pay rot! ee Subsichies - PAs ae, mike Impact of O. payroll tam Ascersech pare ne Peprol tax_o} $4 assessech en. employes shihs down — the ctemancl tune fron Ds to De A pagroll tam ee nr Wage that workeve rececee fron Loo tow, —-Andl Inverse the _tost of hiring a. woorker pron tio to tweet Dello hs emplogment E41 Ee 4 J Wk awe “barnvel! shan ep ne gey tae Oo hed tye he pr patho re Caeser Tt hots _not__mattey twtether He ton PmQos 4 Boe TM ox br) UW orken e hge ppeet of the ak om Wage anal Employment 7s. the 34 «—| tempat oh. pegrol ter “assessed om taapkeee : aw? _A aay tax assesscol om © Yorkers ships ee Stepplig Cugyves from. So Xp Ss gy gt ae —| Wheathe- » (3 Ds lo vr hers - he fr pa. J ton mages an ernploumend js the same. Z ‘ as ae Cy Dollar a . x A oe F cus low 4, ‘i eH pe D4 employment & fe # * a nates fax fot ses bs tthe tes : A peep Tee enfin wwitle rrelastic shifted == ; supply shifted complet, 4 _twmKed - paqr ae 3 bOn ow firm hile ape | Na demand conve feone. et Doro Ds Ee Eo emple gine| Deaelesccg ue Loss. of & payroll Tam ot RIT 7 tonuprt(tive ebailibivns , Worker, asy. darvsel jt __wege We lhe _tnangfe ae ooh ame : — procldcer tusplur and triangle Bae eee a ot Surplus. The totah _qeutin. _ fiers ade ee given by the sum of producer _seapdus Pe wor key Suxp bus P+ 2) Be__trienge P* gies the prooltucen somples, Ee Litiang fe Qt gives the workev $ ler, ane To [ Yives__the tax revinucs. [he Deadleswcgit Loss | i given. by fhe briana be he r Patton j a ae ge 9 ae ee oe The _inepaut, ofan employs Terk ee ee i f | aS Fhe babe demonol_Cuvve yt oS Shebtedt nat bq parol) ten but a sebsilis Us a a emplagnest subsily ay ght ign | f e_olemanol cuve Upy Putas a ae be w moL ° Dan fo” bid_the a Qeutol poke onus enpeyme from Weto We-s‘Qhestion nos e- Mon Comp otitre Labor market : monopes. Se —— z Pi nsusore- —Rnopps ng Ea 2 em pes . ae ps _mnenap sory re Bi rye pee Conabiition. fn Uthich —__ jew A mono gil TOE we (S$ only gne & al fa Hoel he “zc pagel ere ov Sopel cue ers aremp Sones ¢ aust ree higher wager Pm pene ae i Greer te _—adtvank move __ workout | _twe_temséler _two types of monopionsisti_f O77 / A _perfetig LM iscniminohng. mono piry andl 4 : Nonchller miinatinag-_ Inene ory _— J a Perfectly obser” muinat fay mmonepso) ripe ; = Shera deuron of a _peeputiy icirimtnaling, eens A _pesfuctty. nlise vi rrninatin more| ort TOES, Pad pH pst Slop na Labo- ply tune. A ee pact ly Seninicina Aree Mo neps ores é Cow here HiffererL —j—workent! at AY deverk wages’ RB a Marmiretion | acurs at point F S eas gh ImonepronzsT Gee + wPH Doo Set oF tet 0 Otte is lo Werkey » poy a lutAe of 416 “bo art Both, Wworkey: Non Drea menaLn9 monopsondst : “i: Me hiring desesivn. fo rincdierecnting. menspenist i oe ale Nor ae y/ smatnoct tng meet Ts F4 - Z_ Worker the same wagers’ Pro} fBouacamnenfene rei am Score et Pott Re Oe erpleymauk Ke prof marimared ion ton dlition of norte rin-nahn monopsonés t rs Hise r by | Mees VMP. . fmpat of minimom me er non chienimminotinsy- Mone psorast i mote S fhe _miinmnerrr woye may facvase both Leagys a 3 PSs ¥peer Nan wtrve (abr markele ly : -Compet) * Monop dg Mlonepaly- ast ae pk nen oie het Condiceron twhove Your oat Sell fw the markef- fl _monaploy st eee, gti stoping BL boven diene of a monopolist jt Output _decisvor of poli at feel a mew oupl- Qh phe = Profit Mons 2aQh lon cours ak point & A profit manimirotine, Mmopelicst prothuces Uap the point whew piegined revenue @9yaily the enarg inch tote of prodbuchron- Della ot pe nee | s | ZO | ==) iz Oot pt Ge 4 ¢ The bebor Demanch curse of on raonepolist x MRPe = MRy Me Map, An