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1 year ago

The idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called:

1 answer:

8 0

The idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called optimal-wage theory.

<h3>What is optimal-wage theory?</h3>

Optimal efficiency wage is one that that do occur when marginal cost of an increase in wages can be attributed to the marginal benefit associated to productivity.

Hence, idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called optimal-wage theory.

Learn more about optimal-wage theory at:

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Osawa, Inc., planned and actually manufactured 260,000 units of its single product in2017 , its first year of operation. Variabl

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Answer:

(a) $ 530,000

Explanation:

total production 260,000 units

variable manufacturing $26 per unit = $6,760,000

variable S&A $11 per unit

planned and actual fixed manufacturing $520,000

planned and actual fixed S&A $370,000

total costs during the year = $10,510,000

units sold 180,000 x $44 = $7,920,000

cost of goods sold per unit = ($26 x 180,000) + (180,000 x $520,000/260,000) = $4,680,000 + $360,000 = $5,040,000

total operating expenses = ($11 x 180,000) + $370,000 = $1,980,000 + $370,000 = $2,350,000

net income = $7,920,000 - $5,040,000 - $2,350,000 = $530,000

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3 years ago

Which of the following are payments to ensure receiving the standard treatment that a business ought to receive from a foreign g

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Answer:

Grease payments, Option A, are payments to ensure receiving the standard treatment that a business ought to receive from a foreign government, but might not due to the obstruction of a foreign official

Explanation:

Grease payment is like a bribe which is usually small in amount and is provided to a government official or to a businessman with the aim of expediting a business decision. It may also be used in case any shipment or any transaction needs to be expedited.

Grease payments do not change the result of the foreign official's decision, under FCPA. If it changes the consequence, then it is considered a bribe. In that case, grease payments become illegal. It also depends on the amount given to the official and their frequency to decide if it is illegal.

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3 years ago

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Demand drops to zero

Explanation:

Infinite elasticity of demand is also called perfect elasticity of demand.

In this scenario the demand for a product is attached to it's price.

There is an infinite change in the quantity demanded as a result of change in price.

Graphically it is a horizontal demand curve as represented in the attached

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Examples are luxury goods such as high end cars and expensive jewelry.

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3 years ago

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Answer:

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Anthony is putting together an employee group to help add new technology to his company's existing products. He is seeking emplo

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True

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