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Sauron [17]
1 year ago
9

Suppose that the market for labor is initially in equilibrium. If the firm employs labor-saving technology, the equilibrium wage

Business
1 answer:
ZanzabumX [31]1 year ago
3 0

Suppose that the market for labor is initially in equilibrium. If the firm employs labor-saving technology, the equilibrium wage and the quantity of labor will both rise.

<h3>How do you calculate labor market equilibrium?</h3>

The labor market is in equilibrium when supply equals demand; E* workers are employed at a wage of w*.

In equilibrium, all persons who are looking for work at the going wage can find a job.

<h3>What is equilibrium wage rate?</h3>

The equilibrium market wage rate is at the intersection of the supply and demand for labor.

Employees are hired up to the point where the extra cost of hiring an employee is equal to the extra sales revenue from selling their output.

Learn more about equilibrium here:

<h3>brainly.com/question/19472121</h3>

<h3>#SPJ4</h3>
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Even give a reason why did u choose them

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A company sold $12,000 worth of bicycles with an extended warranty. it estimates that 2% of these sales will result in warranty
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3 years ago
As explained in your textbook, the three main parts of a speech are called the
lesantik [10]

Answer:

The correct answer is B. The three main parts of a speech are the introduction, the body, and the conclusion.

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The speech is composed of three parts: introduction, body and conclusion:

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3 years ago
The perfectly competitive firm's short-run supply curve is the Group of answer choices upward-sloping portion of its average tot
allochka39001 [22]

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Slav-nsk [51]

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