Contemporary Labor Economics 9th Edition by Campbell Mcconnell, Stanley Brue, David Macpherson, Robert Powell, David Colander

Exercise 3

What is an isoprofit curve as it relates to wages and fringe benefits What is a normal-profit isoprofit curve In what respect is a normal-profit isoprofit curve a budget constraint as viewed by a worker At which point on the employer's isoprofit curve will a rational worker choose to locate Explain.