XECO 212 Week 3 DQs

This work of XECO 212 Week 3 Discussion Questions shows the solutions to the following problems:

DQ 1: Why do some workers make more money than others? Must everyone make the same wage? Explain your answers using labor market equilibrium.

DQ 2: Imagine that you are a business owner. Choose whether to hire a new person in the marketing department or upgrade your computer system. Each choice requires the same amount of investment. Address the following topics: What factors do you use to determine whether to invest in the additional capital and labor?