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Ksju [112]
2 years ago
7

Principle states that inventory costs are expensed as cost of goods sold when inventory is sold

Business
1 answer:
bogdanovich [222]2 years ago
3 0

Answer:

The expense states that inventory costs are expensed as the cost of goods sold when inventory is sold.

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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.

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