The Demand Curve for Labor with Real Wages vs. Nominal Wages
{"Image DocumentName": "The Demand Curve for Labor with Real Wages vs. Nominal Wages", "Image ImageDescription": "Real Wages \u2013 real wages are nothing more than valuing cost in terms of how mush output must be paid to the worker. For example, if an MP3 player sells for  100, and the wages of a worker is  20/hour. The real wage of the worker is .2 MP3 players/hour. Remember profit maximization: Hire an additional worker if they produce revenue more than they cost. Layoff an additional worker if they produce revenue less than they cost.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}