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2 years ago

How will an increase in labor productivity affect equilibrium in the labor market?

1 answer:

8 0

We can actually infer here that an increase in labor productivity will affect equilibrium in the labor market in the following way: The demand for labor will increase and the equilibrium wage and quantity of labour will increase.

<h3>What is equilibrium?</h3>

Equilibrium refers to the state whereby opposing things are balanced in order to achieve a desired outcome.

If the labor productivity is increased, it will definitely affect equilibrium in the labor market in such a way that the demand of labor will increase.

Learn more about equilibrium on brainly.com/question/517289

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Answer:

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Explanation:

Amount of Security = $6,750

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number of years = 5 years

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Present Value = Future value / ( 1 + rate of return )^number of year

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3 years ago

Explain the difference between the terms supply and quantity supplied.

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The difference between the terms supply and quantity supplied is supply includes all the possible market prices and the amount of quantity while quantity supplied deals with one specific market price and amount of quantity.

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2 years ago

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Savatey [412]

Answer:

3/5

Explanation:

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Probability (that A,B are not selected at the same time) = 4/10 = 2/5

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3 years ago

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Answer:

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