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2 years ago

Which player in the economy supplies labor in the factor market?

Business

1 answer:

Travka [436]2 years ago

5 0

The player in the economy which supplies labor in the factor market is the households.

<h3>What is supply of labor?</h3>

This refers to the number of labor who are willing and able to find work in an economy. The supply for labor is also the hours worked by a workers within a time period.

Hence, the player in the economy supplies labor in the factor market is the households.

Learn more about supply of labor here: brainly.com/question/17175566

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Which of the following describes the substitution effect of a price change?A) The change in demand that results from a change in

Liula [17]

Answer:

The answer is D. The change in quantity demanded of a good that results from a change in price, making the good more or less expensive relative to other goods, holding constant the effect of the price change on consumer purchasing power

Explanation:

Substitution effect is a concept in which, as the price of a good or service increases, less of the good or service is substituted for other less expensive.

For example, if the price of Pepsi were to rise, the substitution effect would cause the consumer to buy less of it and substitute more coca-cola for now relatively more expensive Pepsi.

Option A. is wrong because we are talking about the quantity demanded and not just demand. (Please take note).

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3 years ago

A company purchases land and a building for $300,000. The appraisal attributes a fair market value (FMV) to the land of $180,000

ser-zykov [4K]

$700,000 I hope that helps

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3 years ago

Curtab, a company that manufactures digital watches, implements marketing strategies to attempt to eliminate analog watches from

Gnesinka [82]

Answer:

A) Design competition

Explanation:

Digital watch manufacturers and manufacturers of analog watches compete against each other because their products basically satisfy the same needs. Each one offers a very different product with its pros and cons, but even though their products are so different, they can be considered substitutes.

In the concept of innovation streams, Curtab is the innovator that is trying to create a sustainable competitive advantage because it works by designing an innovative product while its competitors rely on updating old designs.

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3 years ago

Chang industries has bonds outstanding with a par value of $200,000 and a carrying value of $203,000. If the company calls these

Fynjy0 [20]

If the company calls these bonds at a price of $201,000, the gain or loss on the retirement would be $2,000.

Here, $203,000 is the net carrying value of the liability - $201,000 is the price the bonds were called at and the price that Chang industries paid to retire the bonds and the associated liability.

Therefore, $203,000 - $201,000 = $2,000

The gain or loss on the retirement would be $2,000.

A bond retirement occurs when an organization repurchases bonds that it had previously issued to investors. Thus, the issuer retires the bonds at the scheduled maturity date of the instruments.

Hence, bond retirement involves the cashing out of a bond that has been invested in.

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1 year ago

"Experience goods" are those which: a. Have performance attributes that are difficult to ascertain at the moment of purchase b.

jek_recluse [69]

Answer:

a. have performance attributes that are difficult to ascertain at the moment of purchase

Explanation:

In case of an experience good, it is difficult to make predictions regarding its price and quality.

The reputation of a seller and word of mouth are the important things that customers can use to make decisions regarding purchasing of the product.

Experience goods are those which have performance attributes that are difficult to ascertain at the moment of purchase

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4 years ago