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gogolik [260]
2 years ago
11

Each of the following, except one, is a condition that characterizes a perfectly competitive labor market. Which is the exceptio

n
Business
1 answer:
Kitty [74]2 years ago
5 0

Each of the following, except one, is a condition that characterizes a perfectly competitive labor market. The exception is workers receive wages that are above their marginal revenue product (MRP).

In developing countries, labor markets play a central role in determining economic and social progress since employment status is one of the key determinants of exiting poverty. Ultimately, having a decent, well-paid, and secure job is the most sustainable path to increasing incomes and consumption levels.

That is, in the labor market, employers are willing to buy more hours of labor at lower wages than at higher wages. Although employers, who demand labor, prefer lower wages, workers, who supply that labor, prefer high wages.

Learn more about the labor market here brainly.com/question/25715806

#SPJ4

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Hatter Company purchased land, a building, and equipment for $450,000 on January 1, Year 1. The land had an appraised value of $
Crank

Answer:

the cost to be assigned to the building is $288,000

Explanation:

The Costs of Land, Building and Equipment have to be determined separately due to the fact that their usage is different and hence depreciation charges are different.

The Appraisal value is used to apportion the cost of $450,000 to the Land, Building and Equipment as follows :

PPE Item            Appraised Value  

Land                      $100,000

Building                $320,000

Equipment            $80,000

Total                     $500,000

Apportionment of Cost to Building :

Building = $320,000/  $500,000× $450,000

              = $288,000

6 0
3 years ago
Which of the following is a problem that arises in a health insurance market?
alexira [117]

Answer: The correct answer is "A disproportionate number of high-risk individuals are attracted to buy insurance.".

Explanation: A disproportionate number of high-risk individuals are attracted to buy insurance is a problem that arises in a health insurance market. Due to the greater risk, many insurers choose not to allow these individuals to hire these policies, and those that do offer these products do so with a higher premium than others.

7 0
3 years ago
Technician A says that many oil pumps are driven directly off the front of the crankshaft. Technician B says that others are dri
Anna11 [10]

They are both correct in this scenario. There are many ways that the oil can be distributed depending on how the company delivers the oil and systems. Engines are built differently depending on the specific needs, vehicles, operating systems.

7 0
3 years ago
True or false. When customers increase their borrowing, interest rates tend to decline
sasho [114]
The answer to your question is false
3 0
1 year ago
Bailey, Inc., is considering buying a new gang punch that would allow them to produce circuit boards more efficiently. The punch
cricket20 [7]

Answer:

a) Present value of the investment: $198,936

b) if the present worth of the investment which are discounted at MARR rate is positive, the investment is worth investing, while if the present value of the investment is negative, Investor should not invest.

c) As calculated in (a), present value of the investment is $198,936, Bailey should buy the gang punch

Explanation:

Please find detailed of calculation in (a) which is shown as below:

Present value =  Present value of saving in raw material - Present value of increase in labor cost - Initial investment = [ (12,250/ 5%) x (1-1.05^-15)] -  [ (3,200/ 5%) x (1-1.05^-15)] - 105,000 = $198,936.

7 0
3 years ago
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