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Economics Assignment

This document is a student's assignment cover page for a module on ENMB3724 delivered online or face-to-face. It includes the student's name and student number, module details, assignment topic on individual labor supply, the lecturer's name, and the due date of September 2nd, 2022. The student certifies that the assignment is their original work and acknowledges the university's plagiarism policy. The lecturer awarded the previous assignment 24 out of 25 and provided positive feedback.

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Bonolo Ramahlele
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68 views

Economics Assignment

This document is a student's assignment cover page for a module on ENMB3724 delivered online or face-to-face. It includes the student's name and student number, module details, assignment topic on individual labor supply, the lecturer's name, and the due date of September 2nd, 2022. The student certifies that the assignment is their original work and acknowledges the university's plagiarism policy. The lecturer awarded the previous assignment 24 out of 25 and provided positive feedback.

Uploaded by

Bonolo Ramahlele
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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ASSIGNMENT COVER PAGE

STUDENT

NAME AND SURNAME STUDENT NUMBER


BONOLO RAMAHLELE 2019137153
MODULE MODE OF DELIVERY
ENMB3724 MODULAR ONLINE FACE TO FACE

ASSIGNMENT LECTURER
INDIVIDUAL CELESTE CAMPHER
DUE DATE 02 SEPTEMBER 2022
If you are not feeling well when submitting the assignment (emotionally or physically), please do not submit the
assignment. Please note that no additional opportunities will be provided to resubmit an assignment after the initial
submission. If you do have valid reasons, rather contact the office with substantiating evidence (doctor’s note, sworn
affidavit or death certificate of close family member) BEFORE the submission date for alternative arrangements.

By submitting this assignment, I/we hereby certify that the content of the assignment is my/our own and original
work; that I/we have not shared the assignment with a fellow student and that all sources have been accurately
reported and acknowledged; and that this document has not previously been submitted in its entirety or in any part
at any educational establishment. I am aware of the Plagiarism and academic misconduct policy of the UFS.

LECTURER
24/25
MARK AWARDED
Excellent!
COMMENT
2

QUESTION 1

1.1.1. Non-discriminating monopsony

4/4
1.1.2. Perfectly-discriminating monopsony

3/3
1.2. Individual Labour Supply curve for John
3

3/4- cut-off point?

QUESTION 2

Short-run impact of changes in Wages Long-run impact of changes in Wages

When wages increase from W1 to W2 firms would want to hire less, and the will be a decrease in
employment, this decrease is reflected bigger on the D2, which means D2 is more elastic to the
implemented minimum wage in the long run. D1 is inelastic to changes in wages in the short-run because
there wasn’t enough time to adjust abruptly to the implemented wages. Instead, there would be a
reduction in the number of working hours, days, give people a notice to find work and so on. 4/4 good!
4

QUESTION 3

3.1. A. 20 per cent

3.2. B. 29 per cent

3.3. Factors affecting the outcome of a wage negotiation processes.

3.3.1. In favour of an employer. 

3.3.2. In favour of a union. 

3.3.3. In favour of a union. 

3.3.4. In favour of an employer. 

3.4. Employment coefficient of South Africa



10/10- good!

T: +27(0)51 401 3166 Room 312 PO Box 339 (IB17)


F: +27(0)51 401 3587 EMS Building, Block B Bloemfontein
E: [email protected] 205 Nelson Mandela Drive South Africa
http://bus.ufs.ac.za Bloemfontein 9300
9301

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