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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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5 0
2 years ago
Ben Ervin often experiences emotions in a much stronger manner than most of his other colleagues. Events that do not provoke any
Genrish500 [490]

Answer:

E.

Explanation:

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-High affect intensity. Individuals who experience emotions strongly and are emotionally reactive and variable. High affect intensity subjects tend to evaluate the events in their lives (both positive and negative) as having more emotional impact . Individuals high on the affect intensity dimension exhibit more mood variability.

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4 0
3 years ago
If you were opening a new business, would you select a location closer to or farther away from a business that sold a similar or
allsm [11]

Answer:

Depends on how big your business is and what you can offer.

Explanation:

If you have a business that is bigger and has more to offer than the other company i would select a closer location. If you have a smaller business and have less or an equal amount to offer mover farther away. Try comparing the two business to each other. Think of your pro's and con's.

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A useful way of standardizing financial statements is to choose a ____ and then express each item relative to the _____.
bulgar [2K]

The most useful way of standardizing financial statements is to choose a _<u>base year</u>,_ and then express each item in the period under review relative to the _amounts____ in the base year.

<h3>What are comparative financial statements?</h3>

Comparative financial statements compare a particular financial statement with previous statements. Previous financial statements are presented in side-by-side columns with the latest figures. With this, investors are able to track a company's progress over some periods and compare the company's financial results and performance with its industry competitors.

Thus, financial statements can be compared using financial ratios, which express the relationships between the various items within a financial statement, or using a base year.

Learn more about comparative financial statements and financial ratios here: brainly.com/question/9091091

4 0
2 years ago
The power to grant or withhold budget requests of agencies may be one of ________ most potent weapon in controlling the bureaucr
skad [1K]

Answer:

_Congress's_

Explanation:

The power to grant or withhold budget requests of agencies may be one of __Congress's______ most potent weapon in controlling the bureaucracy.

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