The definition of market equilibrium states that the quantity of labor demanded by employers will equal the quantity supplied at an equilibrium wage.
<h3>What is an equilibrium?</h3>
The point at which the forces of demand and supply are equal from both the sides, and there is an expression of a perfect competition in the market, such point is known as an equilibrium.
Hence, option B holds true regarding equilibrium.
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Answer:
1. Dynamic
2. Number of factors that are changing
3. Complex
4. Pace of change
5. Abundant
6. Low
7. Easy
The United States president Donald trump
Answer:
Total Variable Cost, Variable Cost Per Unit
Explanation:
- The increase of the activity is associated with the increase of the total variable costs and costs per the unit and is the sum of the variable cots of each individual product developed and is obtained by multiplying one unit of the variable cost to the products.
Answer:
$88.90
Explanation:
The computation of the target selling price is shown below:-
Total cost = Direct material + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead + Variable selling and administrative expenses + Fixed selling and administrative expenses
$18 + $14 + $9 + $11 + $6 + $12
= $70
Target selling price = Total cost + (100 + Markup percentage)
= $70 × (100 + 27%)
= $70 × 127%
= $88.90