1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Wittaler [7]
2 years ago
14

The labor-supply curve is affected by the trade-off between labor and leisure.

Business
1 answer:
NikAS [45]2 years ago
4 0

TRUE.

The labor-supply curve is affected by the trade-off between labor and leisure.

The  opportunity cost of leisure depends on the wage rate, it increases and people supply more labor. Main factors determining the labor supply curve how desirable the work appears to its employees relative to the alternatives available in the market.

Other factors that encourages are government policies and procedures that are labor and trade effective or not. The quantity of workers trained for a particular job specifications. The number of workers in economy and the education required further.

To learn more about labor supply here,

brainly.com/question/23876084

#SPJ4

You might be interested in
A recently launched line of baby clothing is gaining popularity among a large mass of the population. In which stage of fashion
svet-max [94.6K]
C. Rise stage
Because if it’s gaining popularity then it’s on the rise to being popular
8 0
3 years ago
Read 2 more answers
Which CTSO is appropriate for future teachers?<br>FEA<br>FFA<br>FTA<br>DECA
Mamont248 [21]
I believe the answer is FFA.
Hope this helps.
(Please mark this brainliest, I would really appreciate it) Thanks!
6 0
3 years ago
Read 2 more answers
n the cash flow information for the Ping Kings project, Ping spent $300,000 for research and development of the golf clubs. Ping
Gre4nikov [31]

Answer: C. $0

Explanation:

When including initial costs in a project's cash-flow, the relevant costs are those that henceforth will be spent on the project. Sunk costs are not to be included because they have already been incurred and cannot be recovered.

Research and Development costs have already been incurred and so are sunk costs. Hence they are not to be included in the initial cash-flow for the project.

6 0
3 years ago
5. A firm currently produces its desired level of output. Its marginal product of labor is 400, its marginal product of capital
gizmo_the_mogwai [7]

Answer:

D.

Explanation:

Firms will hire more labor when the marginal revenue product of labor is greater than the wage rate, and stop hiring as soon as the two values are equal.

7 0
3 years ago
The demand for ben &amp; jerry's ice cream will likely be ________ the demand for dessert.
kotykmax [81]

The demand for ben & jerry's ice cream will likely be more price elastic than the demand for dessert.

<h3>What is the elasticity of Demand?</h3>

When all other conditions are equal, the elasticity of demand is a concept in economics that quantifies how responsive consumers are to shifts in the quantity desired as a result of a price adjustment. In other words, it demonstrates the number of things consumers are willing to buy as the cost of those products rises or falls.

By dividing the percentage change in quantity by the percentage change in price during a specific period, the elasticity of the demand formula is computed. It appears as follows:

Elasticity is defined as % change in quantity / % change in price.

The quantity demanded as a result of a percentage change in a product's price is hence the measure of demand elasticity. Demand can be elastic or inelastic depending on whether products' demand is more responsive to price fluctuations. When a product's demand is flexible, the desired quality is extremely responsive to price variations. When a product's demand is rigid, the desired quality does not adapt well to price variations.

Therefore, The demand for ben & jerry's ice cream will likely be more elastic than the demand for dessert.

For more information on the elasticity of demand, refer to the following link:

brainly.com/question/23301086

#SPJ4

7 0
2 years ago
Other questions:
  • Jasmine Smith owns a condo worth $240,000, a car valued at $25,000, and miscellaneous assets worth $7,500. She owes $185,000 on
    5·1 answer
  • Which of the following generate the type of externality previously described? (Negative Externality)
    11·1 answer
  • Information from observers should be used as a supplement to information from incumbents. Identify the statement that is most li
    12·1 answer
  • " if the speaker used to consume 2000 calories a day, how much do they now consume? math problem
    12·1 answer
  • Flo tells ginger during a phone call that she will buy her textbook from last semester for $65. ginger agrees. these parties hav
    14·1 answer
  • Explain one challenge raised by vint cerf in "the internet is for everyone - but it won't be if…." and give one example of it th
    5·2 answers
  • We can imagine the financial manager doing several things on behalf of the firm’s stockholders. For example, the manager might d
    5·1 answer
  • An increase in savings by Americans (2 points) Question 7 options: 1) would most likely increase the supply of loanable funds.
    6·1 answer
  • Which of the following is false regarding net realizable value (NRV)?
    8·1 answer
  • Classify each statement about the Federal Reserve System as either true or false.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!