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xxTIMURxx [149]
2 years ago
5

If a monopsonist offers a wage of $6, he finds that 1,200 people are willing to work for him. This means that the:

Business
1 answer:
lbvjy [14]2 years ago
7 0

If a monopsonist offers a wage of $6, he finds that 1,200 people are willing to work for him. This means that the: a marginal factor cost is $6.

<h3>Monopsonist</h3>

If a monopsonist offers a wage of $6, he finds that 1.200 people are willing to work for him. This means that the O a. total wage cost is $1,200. b. marginal factor cost is $6. O c. total wage cost is $7.200. o d. $6 wage is too high. o e marginal factor cost is $200.

Learn more about monopsonist here :

brainly.com/question/27750664

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Prepare journal entries for each transaction and identify the financial statement impact of each entry.
madam [21]

Answer:

Cash (Dr.) $21,200

Common Stock (Cr.) $21,200

Cash (Dr.) $4,500

Services to client (Cr.) $4,500

Cash (Dr.) $11,200

Unearned Revenue (Cr.) $11,200

Cash (Dr.) $5,900

Accounts Receivable (Cr.) $5,900

Cash (Dr.) $11,000

Notes Payable (Cr.) $11,000

Explanation:

Adams services may record these transactions as journal entries. The transactions may have some changes after they are recorded then adjusting entries will be prepared to reflect the correct effect of transaction on business activities.

7 0
3 years ago
You have a current credit card balance of $450.00, which you are paying off so you can close the account. No new purchases have
lesantik [10]

Answer:

It's Best to Pay Your Credit Card Balance in Full Each Month

Explanation:

Leaving a balance will not help your credit scores—it will just cost you money in the form of interest. Carrying a high balance on your credit cards has a negative impact on scores because it increases your credit utilization ratio.

5 0
3 years ago
In 2013, there were approximately 155 million people in the labor force and the unemployment rate was 7.4 percent. If the unempl
Marianna [84]

Answer:

(a) 3.7

(b) 3.7

Explanation:

The unemployment rate is calculated as the ration of unemployed workers over the labor force. The labor force is the total number of employed plus unemployed workers:

Unemployment\,Rate=\frac{Unemployed\,Workers}{Labor\,Force}=\frac{Unemployed\,Workers}{Employed\,Workers+Unemployed\,Workers}

Then if there were 155 million people in the labor force and 7.4% where unemployed that means that 11.47 million people where unemployed

0.074=\frac{Unemployed\,Workers}{155}

Unemployed\,Workers=0.074*155=11.47

If unemployment rate would have been 5% we have

Unemployed\,Workers=0.05*155=7.75

That means that 3.72 million fewer unemployed workers. Since Labor Force is the sum of unemployed and employed workers. The reduction in unemployment implies that they were now employed .

5 0
4 years ago
The local baseball team owner hires you to help maximize the team's profits. You are told that costs are constant because enough
ozzi

Answer:

increase price per ticket.

Explanation:

increase price per ticket in proportion to cost incurred.

set up an internal control system to ensure all revenue from ticket are well accounted for.

3 0
3 years ago
Selling similar merchandise at a price above the competition is done with the hope of selling greater quantities of the merchand
irina [24]

Answer:

False

Explanation:

In order to attract more customers to your store and sell larger quantitative, you must sell at a price below the competition, not above.

Rational customers should purchase at the lowest possible price, that is the basic concept behind the law of supply and demand. A lower price should result in a higher quantity demanded.  

3 0
3 years ago
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