Answer:
When the markup increases, real wage decreases and because of the decrease or the now low real wage the demand for labor at a low cost decreases which leads to a increase in the natural rate of unemployment. In addition the natural rate of unemployment has an inverse relationship with the natural level of employment, therefore, the natural rate of employment will decrease. And the output level will decrease.
Explanation:
See attached picture:
The decrease in real wage is shown by the movement from W/P to W/P'.
The increase in the natural rate of unemployment is shown by the movement from Un to Un' and the new equilibrium is at B.
Answer:
Altogether, there is $824,900 recieved!
Explanation:
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Compared to rail transportation, one of the advantages of shipping by truck is that trucks "Can reach more destinations".
<h3>What is rail transportation and road transportation?</h3>
- Rail transportation: Train travel is another name for rail travel. It is a mode of transportation that uses cars that travel on tracks (rails or railroads). It is one of the most significant, frequently used, and highly affordable methods of transportation for both people and products across long and short distances.
- Road transportation: Road transport refers to the movement of people and goods across a network of roads. A road is a path between two points that has been paved or otherwise improved to allow travel by both motorised and non-motorised carriages.
The advantages of raid transport over rail transport are-
- Road construction is substantially less expensive than building railroads.
- In hilly and undulating terrain, roads may be built with ease.
- Highways connect railway stations, airports, and seaports, acting as a feeder to other forms of transportation.
- They offer individuals and vehicles to commute to a variety of areas and assist them in getting there without any problems.
- Road transport is the practice of moving goods or people along a road network from one location to another.
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Answer:
a tying arrangement
Explanation:
Based on the information provided within the question it can be said that this scenario is illustrating a tying arrangement. This term refers to when a supplier/individual sells a product to another company/individual only on the condition that they purchase another specific product from them and not the competition. Which is what Midwest Agri is doing by selling it's sugar substitiute to Nice Candies but only if they agree to purchase the corn that they need from them and not their competitors.
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