In the efficiency wage model with the efficiency wage above the market-clearing wage, the level of employment depends on:

1 answer:

8 0

In the efficiency wage model with the efficiency wage above the market-clearing wage, the level of employment depends on: labor demand alone.

<h3>What is wages model?</h3>

Wages model is a model that stated that wages which a worker or an employee earn is based on the workforce or the amount of money available to pay the workers.

In a situation were will have wage that is above the market-clearing wage this tend to mean that the level of employment will depends on labor demand only.

Therefore the level of employment depends on: labor demand alone.

Learn more about wages model here:brainly.com/question/1622389

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Answer:

c) $110,000

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The computation of the borrowing amount is shown below:

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If 7000 dollars is invested in a bank account at an interest rate of 7 per cent per year, Find the amount in the bank after 14 y

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2. Interest compounded quarterly = $18,493.77

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4. Interest compounded continuously = $18,651.19

Explanation:

First let me state the formula for compound interest:

The future value of a certain amount which is compounded is the total amount (Principal + interest) on the amount of money, after compound interests have been applied, and this is shown below:

FV = PV $(1+\frac{r}{n} )^{n*t}$