Eeeedewdef Essay

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THIS IS A GUIDE FOR THE MINIMUM U DISCUSS ON UR ASSIGNMENT. ADD TO GET HIGHER MARKS 2a.Definition of key terms:, * Marginal cost and benefits, marginal revenue, marginal external cost, marginal social benefit, marginal social cost * Profit maximizing level of output * Socially efficient level of output * Marginal pollution cost (Graph doesn’t need to be provided) I. Indicate the rule and level of output II. Indicate the rule and level of output III. Reason: whether environmental damage or pollution cost increase faster than taxes or awareness-explain (Graph doesn’t need to be provided) 2b) I. Define: Key words: trade unions, collective bargaining, and non-union member non-unionized jobs II. Assumption In what time of market , what are the conditions for unions to exist * Imperfect market * Monopolistic market * Monopsony marker III. Diagram Monopolistic competition graph- imperfect market fig. 8.5 and 8.6 IV. Analysis: Advantage: 1 advantage each category (a) Workers in unions, (b) how trade union can have advantage to Non-union members . Collective bargaining (c) how trade union can have advantage to Workers in non-unionized jobs? disadvantage 1 disadvantage each category (i) workers in unions (ii) how trade union can disadvantage non-union members in firms where there is collective bargaining, (iii) how trade union can disadvantage workers in non-unionised jobs? Explain. 3. youtube circular flow of income for guide in q3 a. Define Key terms: Circular Flow of income pg 28, withdrawals pg 46, and injections pg 48 Diagram Diagram of the circular flow of income 9.1 (don’t copy the diagram on textbook, search for another circular flow diagram on google or youtube) Analysis: The relationship between (2007-2010) Withdrawals (W) = S + T + M and Injections (J) = I

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