Answer:
Explanation:
If workers are free to move between sectors, the wages in each sector will be equal. If wages are not equal, the workers will be motivated to move to sectors with higher wages and this will make a higher salary reduction, and lower wages will increase until they equal.
b. Since there are 100 workers in total,we have:
- Ls =100- Lm = 100 -4w
- Lm = 4w
Now set this equal to the labor demand for manufacturing equation and solve for w:
Substitute w =20 into the two labor demand equations, we have LM = 80 and LS i= 20
c. If the wage in manufacturing is equal to $25 then
d. There are now Ls = 50 workers employed in the service sector and the wage:
<=> 50 = 100 -4Ws
<=> Ws = 12.5
e. Wages in the manufacturing sector will remain at 25 dollars and jobs will remain at 50. If wages are reserved for the service sector is 15 dollars, then jobs in the service sector will be 40. Therefore 10 unemployed and the unemployment rate is 10%.
Answer:
The correct answer is d. marginal cost of abatement is the same across all polluters.
Explanation:
According to the pollution economy, the marginal cost of reduction refers to the distribution made to determine the level of impact that falls on the environment and that is taken into account as an incentive for the reduction of polluting emissions. For this calculation, all pollutants are considered to have the same impact, which suggests that for the pollution economy there is no different determination to calculate the marginal cost of the impact.
Answer: We'll advise KIL's owner to <u><em>continue production in the short run to minimize losses, but exit the industry in the long run.</em></u>
Explanation: Here in this case the revenue generated is able to cover the total variable cost incurred by the organization, therefore the organization should continue to produce in the short run but exit the market in the long run.
<u><em>Therefore, the correct option in this case is (d)</em></u>
Answer:
overapplied
Explanation:
When we say that manufacturing costs were overapplied, it means that at the beginning of the production process the estimated costs were too high. In other words, the budget considered that it would cost more money to produce the goods.
In this case, overhead costs tend to be overestimated and then overapplied because they rely on past data and efficiency can improve, which lowers costs; or the total production output can be lower than estimated, therefore the company incurred in less costs.
Depending on the cause of the actual lower costs it can be good or bad. If the costs were lower due to improved efficiency, then it is very good. But if the costs were lower due to a lower output, then that is not good.
I think it would be D-Reduce expences
