Chapter 7 -- Defining competitiveness - College of Business ...
Chapter 7 -- Defining competitiveness - College of Business ...
Chapter 7 -- Defining competitiveness - College of Business ...
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Supply and Demand at the Market and Individual<br />
Employer Level<br />
7 - 12<br />
Market level<br />
Employer level<br />
$100,000 $100,000<br />
Pay for business graduates<br />
$50,000<br />
Demand Demand<br />
Supply Supply<br />
Pay for business graduates<br />
$50,000<br />
Marginal Marginal revenue revenue<br />
product product<br />
Supply to<br />
individual<br />
employer<br />
$25,000<br />
$25,000<br />
0 5 10 15 20 25<br />
Number <strong>of</strong> business graduates available<br />
Number <strong>of</strong> business graduates available<br />
McGraw-Hill/Irwin<br />
© 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
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