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puteri [66]
1 year ago
7

Suppose that a union successfully negotiated a 10 percent wage increase and the quantity of labor demanded increased by 10 perce

nt. We can conclude that?
Business
1 answer:
Mademuasel [1]1 year ago
8 0

We can conclude that labor demand is unit elastic.

<h3>What is unit elastic demand for labor?</h3>

The elasticity of demand for labor measures how the quantity of labor demanded when there is a change in the wages of labor. The the elasticity of demad is unit elastic, it means that when the ratio of the percentage change in quantity demanded to the percentage change in wage is 1.

The elasticity of demand for labor = percentage change in quantity of labor demanded / percentage change in wages

10% / 10% = 1

Here are the options:

labor demand is highly elastic.

the coefficient of labor demand elasticity is less than 1.

labor demand is unit-elastic

To learn more about the elasticity of demand for labor, please check: brainly.com/question/23301086

#SPJ1

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Which of the following statements is NOT true? Group of answer choices Intelligent investors must be concerned about future afte
umka2103 [35]

Corporate dividends are always paid in cash is not true among the given statements.

<u>Explanation:</u>                                                                      

Corporates dividends are not always paid in cash sometimes they are paid in merchandise or as other assets. Dividends are earnings which corporations distribute to its stockholders and they are charge against the profit which the corporation generated over the specified period.

They are charged on the stock which is owned by all the shareholders/stockholders or other investors. The period which dividends are paid differs from one corporation to another. Some companies pay annually while others opt for quarterly payments or pay after 3 months.

7 0
3 years ago
How a business can be affected by the law of supply
Aleks04 [339]
Billions of business can be affected


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3 0
3 years ago
A and B have a written contract whereby A agrees to sell B a plot of land for $100,000. Later, without terminating the first con
AnnZ [28]

Answer:

B) Is not a contract because there is no consideration for B's promise.

Explanation:

In contract law, consideration is the benefit that must be bargained for between the parties involved. It is the essential reason for the parties entering a contact. Consideration must have some value and is exchanged on the performance or promise from the other party.

Common law rules on contract modifications require some new consideration in order  to modify an existing contract. In this case, only B added some new consideration (more money) to the written contract, A didn't add anything new.

3 0
3 years ago
Government is typically a​ ________.
xxTIMURxx [149]
Answer: D. net demander of funds because it borrows more than it saves

The government incurs more debts than gain profits as shown by most financial reports. The government is viewed similarly to that of business firms being net demanders by loaning huge amounts to financial institutions indirectly. The indirect borrowing done by government is done through debt security selling. 
8 0
3 years ago
The United Nations Human Development Report gives the following data for real GDP per person in​ 2014: China,​ $12,547; Russia,​
Leviafan [203]

Answer:

B. between China and Russia or between Canada and the United​ States, because household​ production, the underground​ economy, leisure​ hours, and the environment are similar in each pair

Explanation:

The standard of living can be easily compared​ ______.     A. between China and Canada because they have a similar land size   B. between China and Russia or between Canada and the United​ States, because household​ production, the underground​ economy, leisure​ hours, and the environment are similar in each pair   C. among none of the four countries because they are too different   D. between Russia and the United States because they are both super powers   E. among all four countries because real GDP per person includes a reliable measure of​ income, household​ production, the underground​ economy, leisure​ hours, and the environment

Real Per capita GDP measures the standard of living of the people in a country. The higher the Real Per capita GDP, the higher the standard of living

Real Per capita GDP = Real GDP / population  

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.

some items are not perfectly measured by GDP. They include

1. services not rendered to oneself

2. Activities not reported to the government  

3. illegal activities

4. sale or purchase of used products

5. sale or purchase of intermediate products

Because GDP does not measure underground economy (illegal activities) , leisure , it would be difficult to compare either pair of countries

 

3 0
3 years ago
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