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Sedaia [141]
2 years ago
13

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

Business
1 answer:
IRINA_888 [86]2 years ago
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

#SPJ11

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Exercise 23-7 Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows. Month Units April 2,600 May 2,470
swat32

Answer:

Raw materials purchases cost for May 10,160

Explanation:

May production

sales            2,470

ending          2,130

beginning   <u> (2,200) </u>(ending of April)

<em>units to be produced 2,400</em>

Raw material budget

production needs                      2,400

desired ending inventory

       2,600 x 70% =                     1,820

beginning inventory

      may production x 70%

      2,4000 x 70%  =                 (1,680)

total raw materials purchase     2,540

It will puchase raw materials for 2,540 units. Each units require $4 of raw materials.

total cost for raw materials:

2,540 x $4 =  10,160

3 0
3 years ago
Crawford Company's standard fixed overhead cost is $6.00 per direct labor hour based on budgeted fixed costs of $600,000. The st
natka813 [3]

Answer:

The answer is "\$ \ 100,000 \ hours"

Explanation:

Budgeted fixed cost  = \$ 600,000  

labour hours = \frac{ \$ 6 }{hour}  

\text{overhead rate} = \frac{ \text{Budgeted fixed cost}}{labour\ hours}

                     = \frac{\$ \ 600, 000}{\$ \ 6}\\\\= \$ \ 100,000 \ hours

4 0
3 years ago
Discriminatory practices that are deeply embedded in institutions such as education, health care, business, and criminal justice
Taya2010 [7]

An institutional discrimination is the discrimination that occurred in institutions such as education, health care, business and criminal justice.

<h3>What is an institutional discrimination?</h3>

This refers to a prejudicial practices within an institutions that often result in the systematic denial of resources or opportunities to the members.

Hence, it is the type of discrimination that often occurred in institutions such as education, health care, business and criminal justice.

Read more about institutional discrimination

<em>brainly.com/question/2241302</em>

#SPJ1

3 0
2 years ago
If the superior's job with a particular employee during a performance appraisal is simply to sit and listen and then have open d
oee [108]

Answer:

b. Problem-solving

Explanation:

Based on the scenario, it can be said that the type of performance appraisal interview being demonstrated is known as problem-solving. This form of performance appraisal focuses on letting the individual employee share all of their concerns and then addressing those concerns on how they can be solved in the most effective manner possible.

8 0
3 years ago
An excise tax of ?$0.600.60 is levied on a product. as a result of the? tax, the market price of the product goes from ?$3.003.0
olasank [31]
The consumer paid about .453.45
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3 years ago
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