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IrinaK [193]
2 years ago
9

Describe wage determination in a labor market in which workers are unorganized and many firms actively compete for the services

of labor. the labor supply curve of the individual firm is:___.
Business
1 answer:
Kisachek [45]2 years ago
4 0

The market for labor can be divided into two components, labor demand , and labor supply .

Market labor supply curves are determined more by the number of individuals who choose to supply their labor to that market than the number of hours each supplies.

So at higher wage rates relative to other markets, more people choose to supply labor in that particular market and the curve is always up-sloping.

In perfectly competitive labor and product markets, labor supply curves   always measure marginal opportunity costs. The shorter the time period will be and the more specialized the type of labor will be , the less elastic the labor supply curve will be.

To know more about labor supply curve here:

brainly.com/question/13540328

#SPJ4

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Which of the following would result from low labor demand and high labor supply?
elena-14-01-66 [18.8K]

Answer:

B. Wages decline

Explanation:

Labor is subject to the laws of supply and demand, just like other commodities in the market. Low labor demand means there are only a few job opportunities available. The unemployment rate will be high. The economy will be having too many people without jobs.

An increase in the supply of labor implies more people coming to the job market. The Job market will experience a surplus in labor supply, which will lead to reduced wages. There will be too many jobless people chasing few job opportunities. Employers will consider the lowest labor cost, while desperate job seekers will be willing to accept low wage rates.

7 0
3 years ago
A trader creates a long butterfly spread from options with strike prices $60, $65, and $70 by trading a total of 400 options. Th
Rufina [12.5K]

Answer:

The amount of maximum net loss is $100

Explanation:

The butterfly spread comprise of buying 100 options with the strike price of $60 and $70 and the selling 200 options with the strike price of $65.

The maximum loss is when the strike price is less than $60 or be greater than $70. The aggregate payoffs from the options will amount to $0.

The cost of setting up the butterfly spread is:

= 11 × 100 + 18  × 100 - 14  × 200

= $100

Therefore,the net loss will be $100

6 0
3 years ago
You are the production manager for Connor's Construction, Inc. You decide to change the production procedure to increase efficie
victus00 [196]

Answer:

<u>Different assessment and goals.</u>

Explanation:

In this issue there is resistance to change related to evaluation and different objectives, as the production manager has made a decision to change production processes in order to increase efficiency, and one of his employees does not believe the idea. This is because there are different perspectives among employees in an organization, resistance to change affects each individual differently and leads them not to support significant changes that will change the process that already exists in the organization. It is usually related to individual beliefs and insecurity to novelties. To break barriers to resistance to change, it is essential that the manager adopt clear and direct communication and present the benefits linked to change.

7 0
3 years ago
On April 1, 2021, BigBen Company acquired 30% of the shares of LittleTick, Inc. BigBen paid $100,000 for the investment, which i
Allushta [10]

Answer:

$10,500 loss

Explanation:

The computation of the net income affected is shown below:

Since Big Ben purchased shares of  Little Trick on 1st April ,so it has the right to receive 30% of the net income for nine months  i.e from April 1 to December 31

Now the Earnings from Little Trick is

= $20,000 × 30% × 9 months ÷ 12 months

= $4,500

And, the Compensation paid is $15,000

So, the loss is

= $15,000 - $4,500

= $10,500

8 0
3 years ago
Chang Corp. has $375,000 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $550,00
Colt1911 [192]

Answer:

10.23%

Explanation:

Calculation for What profit margin would the firm need in order to achieve the 15% ROE, holding everything else constant

First step is to calculate the Net income

.15 = Net income/ 375,000

Net income=.15($375,000)

Net income= $56,250

Now let calculate profit margin using this formula

Profit margin = Net Income/Sales

Let plug in the formula

Profit margin= $56,250/$550,000

Profit margin= 0.1023*100

Profit margin=10.23%

Therefore the profit margin that the firm would need in order to achieve the 15% ROE, holding everything else constant is 10.23%

3 0
3 years ago
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