a) The price of televisions has been declining in Japan for the past few years. Explain how it affects the value of marginal product of labour (VMPL), equilibrium wage and quantity of labour in television factories in Japan. Explain with a diagram.
b) A branch office of an international corporation in China employs a receptionist aged 24 instead of employing a prospective candidate aged 40. In what way is this a case of discrimination and in what way is it not?