https://gdpark.blog/tags/labor/Recent content in Labor on gdpark.blogHugoenMon, 18 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-23-average-and-marginal-product-of-labor/Sun, 17 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-23-average-and-marginal-product-of-labor/We flip to the supplier side and dig into how output Q responds to labor L (with K fixed) — including why piling on more workers eventually starts hurting.https://gdpark.blog/posts/microeconomics-24-isoquants/Sun, 17 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-24-isoquants/We bring K back into the picture, plot the whole Q = f(L, K) surface in 3D, then slice it to see what isoquants actually are — infinite (L, K) combos that spit out the same output.https://gdpark.blog/posts/microeconomics-25-isoquants-the-uneconomic-region-of-production/Mon, 18 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-25-isoquants-the-uneconomic-region-of-production/That weird backward-bending chunk of the isoquant has a name — it’s the uneconomic region, and here’s exactly why it exists and why no sane firm would ever go there.