1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pochemuha
2 years ago
15

Using the (DMP) Model. (1) What determines a consumer’s decision to search for work? (2) What determines a firm’s decision to po

st a vacancy? (3) When a worker and firm are matched, what determines the wage paid to the worker? (4) Discuss the likely equilibrium effects of unemployment benefit (b) in the DMP model
Business
1 answer:
Evgesh-ka [11]2 years ago
7 0

Using the DMP Model the factor that determines a consumer’s decision to search for work are:

  • The labor force, titled as Q.
  • The payoff gotten from home production.
  • The payoff gotten as a result of searching for market work.

<h3> What factor determines a firm’s decision to post a vacancy? </h3>

They are:

1. The cost that one gets from posting a vacancy, k

2. The wage rate which the suppose firm would pay, w

3. The outcome or the output that worker will make, z, etc.

Note that in DMP model, if a worker and firm are matched, the factor that determines the wage paid to the worker is the equation of :

w = a(z-b) + b,

Where a(z-b) =  Share the worker will get from the total share as a result of the bargain, based on the worker's bargaining power.

Learn more about  DMP Model from

brainly.com/question/8893905

#SPJ1

You might be interested in
Mack's guitar fabrication shop produces low cost, highly durable guitars for beginners. Typically, out of the 100 guitars that b
Anuta_ua [19.1K]

Answer:

a. Labor productivity is 16.67 per hour

b. Multifactor productivity = 0.93

Explanation:

a.

Number of guitars produced = 100

Guitars good enough to sell = 80%

Number of guitars good enough to sell = 80% * 100 = 80 guitars.

Selling per price = 250

Labour hours per guitar = 12 hours

Value of output = 250 * 80 = 20.000

input in labor hourse = guitars produced * labors per guitar = 100 * 12 = 1200 hours

Labor productivity = output/input = 20.000 / 1.200 = 16.67 per hour

Therefore, labor productivity is 16.67 per hour

b.

labor cost = 11 per hour

material cost= 42 per guitar

overhead cost = 4.000

total labor cost = guitars produced* labor cost per hour*labor hours per guitar

= 100*11*12

=13.200

Total material cost = guitars produced * material cost per guitar = 100 * 42 = 4.200

Multifactor productivity = output / labour cost + material cost + overhead cost

Multifactor productivity = 20.000 / (13200 + 4200 + 4000)

Multifactor productivity = 20.000 / 21.400

Multifactor productivity = 0.93

4 0
3 years ago
Which of the following inventory costing methods shown below is required by GAAP (Generally Accepted Accounting Principles) for
adoni [48]

Answer: the correct answer is absorption costing.

Explanation: Absorption costing is a costing method that takes into account all costs related to manufacturing a particular product.

8 0
3 years ago
Tamarisk Corporation purchased a truck by issuing an $118,400, 4-year, zero-interest-bearing note to Equinox Inc. The market rat
lianna [129]

Answer:

Dr. Truck                $80,869

CR. Note Payable $80,869

Explanation:

Note issued is a liability instrument. It is a promise of payment f principal amount and interest after a specific period of time. Zero interst interest bearing not does not offer any interest payment but it is issued at a discounted price . Present value of Note payable is the value that should be recognised as a cost of the truck.

Now calculate the present value of the Note.

PV of Zero coupon bond = FV / ( 1 + r )^n

Where

FV = FV maturity value of the note = $118,400

r = Interest rate = 10%

n=  numbers of period = 4 years

Placing Values in the formula

PV of Zero coupon bond = $118,400 / ( 1 + 10% )^4

PV of Zero coupon bond = $80,869

5 0
3 years ago
Select the correct answer.
almond37 [142]

Answer:

answer is b

Explanation:

8 0
2 years ago
Following is the income statement information from Apollo Medical Devices.
Llana [10]

Answer:

$ in thousands) 2020

Net sales $4,163,770

Cost of sales before special charges 1,382,235

Special inventory obsolescence charge 27,876

Total cost of sales 1,410,111

Gross profit 2,753,659

Selling, general and admin expense 1,570,667

Research and development expense 531,086

Explanation:

3 0
3 years ago
Other questions:
  • On December 31, 20X4, Pack Corp.'s Board of Directors canceled 50,000 shares of $2.50 par value common stock held in treasury at
    13·2 answers
  • Which of the following do you think would lead to an increase in the current demand for beef?
    12·1 answer
  • According to its original plan, Benson Consulting Services Company plans to charge its customers for service at $135 per hour in
    7·1 answer
  • Define the four factors of production and the differences between physical and human capital.
    5·1 answer
  • Suppose your business operates a machine at a cost of ​$100 per day whether it is used or not plus ​$50 for each hour it is used
    6·1 answer
  • A company is considering replacing an old piece of machinery, which cost $600,000 and has $350,000 of accumulated depreciation t
    8·1 answer
  • Describe the advantages and disadvantages of using a certificate of deposit (cd) to save money.
    15·1 answer
  • The household income for the Washington family is $100,000, and they pay an income tax rate of 25%. What is the Washington's
    7·1 answer
  • As an employer, you need to provide ___________ to an employee before that person can fill out their tax return.
    11·1 answer
  • Pewabic plans to sell 900 boxes of art tile in April, and estimates they'll craft 870 boxes during the month. Each box of tile r
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!