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Ivenika [448]
2 years ago
7

What is equilibrium wage?

Business
2 answers:
Naya [18.7K]2 years ago
5 0

Answer: The equilibrium wage rate in the industry is set by the meeting point of the industry supply and industry demand curves. In a competitive market, firms are wage takers because if they set lower wages, workers would not accept the wage. Therefore, the have to set the equilibrium wage.

Explanation:

slavikrds [6]2 years ago
3 0

Answer:

This means that the equilibrium wage rate and employment will be determined by the intersection of the horizontal labour supply curve, and the downward sloping MRP (D) curve. The wage rate is determined by the whole market, and this sets the wage rate for all firms in the market.

Explanation:

hi :)

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When a company employs statistical tools to reduce the likelihood of a product recall, this best represents what type of decisio
Gwar [14]

Quality best represents to reduce the likelihood of a product recall

There are many different statistical tools available, some of which are straightforward, some complex, and many of which are quite specialized for certain uses. Comparing data, or groups of data, in analytical activity is the most crucial common procedure for calculating accuracy (bias) and precision. Fortunately, much of the information required in routine laboratory work can be acquired using a few easy-to-use statistical tools: the "t-test," the "F-test," and regression analysis. As a result, examples of these will be provided in the following pages. Clearly, statistics are a tool, not a goal, and a skilled and committed analyst may find simple data examination, without statistical treatment, to be just as beneficial as statistical numbers on their desk.

To know more about statistical tools refer to brainly.com/question/28214875

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7 0
1 year ago
Santa Claus is trying to forecast demand for coal this Christmas. For the past 300 years, the numberof naughty children (who wil
Darina [25.2K]

Answer:

The correct answer is B. Trend analysis.

Explanation:

The trend analysis is the method of analysis that consists in observing the behavior of the different items of the Balance Sheet and the Income Statement, to detect some significant changes that may have their origin in administrative errors.

This method allows us to know the direction and speed of the changes that have occurred in the financial situation of the company over time, so it is considered as a method of horizontal analysis.

It helps us to detect failures; but it is only an exploratory method, so it is always necessary to investigate further to find the causes of the failures. It is necessary to determine the changes suffered in the balances of the financial statement items that we are interested in analyzing. The trend analysis allows us to know the financial development of a company.

3 0
3 years ago
The following information applies to Nichola Manufacturing Company, which has a 6-month operating cycle:Cash sales $100,000 Cred
Alina [70]

Answer:

A) $160,000

Explanation:

To calculate Nichola's accounts receivable at the end of the current business cycle we have to add credit sales during the fifth and sixth months:

accounts receivables = $150,000 + $10,000 = $160,000

The credit sales made during the sixth month should be received during the seventh month and the credit sales made during the fifth month should be paid next year (in 9 months). Since the business cycle is only 6 months long, any credit sale that should be collected beyond the sixth month, should be included under accounts receivables.

7 0
3 years ago
Firms earning zero economic profit are
worty [1.4K]

Answer:

The answer is letter A. Earning normal profits because their returns on investment are equal to the opportunity costs of the time invested.

Explanation:

Because all resources are being used efficiently and there is no need to use them elsewhere.

3 0
4 years ago
Why can driving on rural roads can be even more dangerous than on city streets?
qwelly [4]
The correct answer is "letter c<span>.These are often narrow, two-lane roads with no physical barrier separating oncoming traffic."

In rural provinces or places, there are less developments done in their roads, since the people living in rural areas, they seldom use cars. Which is why roads are less developed, which is why driving on rural roads are considered to be dangerous and the driver should always be cautious with his or her surroundings, because the rural road are different from the urban ones.</span>
4 0
4 years ago
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