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
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

You might be interested in
How to write a letter to your brother in abroad telling him your plans after senior high school<br>​
drek231 [11]

Answer:

easy

Explanation:

1. address

2. greeting

3. reason for this letter

4. in 2 paragraph state what u want

5. conclusion

6. end greeting

7 0
2 years ago
While inserting an array function the excel user must press
hichkok12 [17]

Control+Shift+Enter

Array functions in excel are powerful tools sometimes refereed to as "CSE" functions because you have to press Control+Shift+Enter in order to enter them in your worksheet.

6 0
3 years ago
Splish Brothers Inc. issues $4.8 million, 5-year, 7% bonds at 102, with interest payable on January 1. The straight-line method
Radda [10]

Answer and Explanation:

The Journal entries are shown below:-

Interest expense Dr, $316,800

Premium on bonds payable Dr, $19,200 ($96,000 ÷ 5)

            To Interest payable $336,000    ($4,800,000 × 7%)

(Being interest expense and bond premium amortization is recorded)

Here we debited the interest expenses and premium on bonds as it increased the expenses and we credited the interest payable as it also increased the liabilities

5 0
3 years ago
The income tax rate in a state is a flat 10 percent. Based on that rate, who has the higher tax burden?
agasfer [191]
I think it’s Alex since he has the lowest salary so it’d be harder for him to pay the tax
3 0
3 years ago
Barriers to trade reduce the amount of output that can be supplied by foreign companies and, as a result, cause prices in the ma
oksano4ka [1.4K]

Barriers to trade reduce the amount of output that can be supplied by foreign companies and, as a result, cause prices in the market to be higher than they would otherwise be. This results in consumers buying less

<h3>What are barriers to trade?</h3>

Barriers to trade refers as certain hurdles which restrict an individual or organisation to practice trade activity effectively. These barriers can be regulatory barriers, physical barriers and so on.

These trade barriers are launched to support small-scale business and introducing jobs in the industries to prevent unemployment.

These trade barriers results in high prices in the market due to reduce amount output supplied by foreign companies. This will result in less buying behaviour by consumer.

Learn more about barriers to trade, here:

brainly.com/question/19109348

#SPJ1

7 0
1 year ago
Other questions:
  • Spartan Systems reported total sales of $374,400, at a price of $24 and per unit variable expenses of $13, for the sales of thei
    7·1 answer
  • In critical listening, it is important to determine the accuracy of facts.
    11·1 answer
  • Which form of credit imposes a credit limit, is unsecured, is high in interest, and has a bank or financial institution as a len
    12·1 answer
  • Anheuser-Busch InBev Companies, Inc., reported the following operating information for a recent year (in millions of dollars): N
    5·1 answer
  • Locus Company has total fixed costs of $118,000. Its product sells for $55 per unit and variable costs amount to $39 per unit. N
    8·1 answer
  • A company reports the following:
    14·1 answer
  • How many cases of bankruptcy cases are provided for in the bankruptcy code
    8·1 answer
  • A man walks around a circular park 4 times in 12 minutes. The radius of the park is 49m. Find the speed of the man in km/h.​
    14·1 answer
  • When is the bargaining power of the buyer greater than that of the supplier?.
    12·1 answer
  • ____________________________________ tries to welcome participation by all organizational members and to view each person as val
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!