What is equilibrium wage?

Business

2 answers:

Naya [18.7K]1 year 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]1 year 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 :)

You might be interested in

A manufacturer of washing machines has expanded its plant and has created excess capacity, just as the general economy has taken

Lostsunrise [7]

Answer:

. b. offer rebates and incentives for customers who purchase washing machines.

Explanation:

Increasing the productive structure of a firm must be carefully planned. There needs to be demand and take into account the expectations of the economy. When a company increases its structure over an inadequate period, the strategy can be fatal, as firms typically go to great lengths to make investments. In the case described, the company now has an idle capacity, ie does not use all its productive infrastructure. This is compounded by the moment of narrated economic crisis. In this situation, the company is most likely to promote price incentives through discounts to stimulate demand for washing machines. Thus, the employer gets a breath to maintain its activities until the economy recovers and she can use all the installed capacity.

8 0

3 years ago

A younger client with a moderate amount of funds is considering the purchase of a home in the near-term future. For this reason,

Valentin [98]

Answer:

c) Investment in a DPP (Direct Participation Program)

Explanation:

Direct Participation Programs are a form of limited partnership. DPP has the lack of liquidity, since ownership interests are not always freely transferrable and require the approval of a general partner of the DPP. Each of the other items listed are more liquid on a short-term basis. Bonds can be sold, bond fund shares can be redeemed, equities are easily sold in the secondary market, and though CDs are not transferrable, the maximum maturity is 1 year or less, so the client would have short-term access to the funds invested.

8 0

3 years ago

Read 2 more answers

The part of the balance of payments account that lists all long-term flows of payments is called the: A. financial and capital a

Sauron [17]

C I think is the answer look it up

7 0

3 years ago

Points $A$, $B$, $C$, and $D$ are located on a line. $A$ is at $(-6,13)$, $D$ is at $(2, 14)$, $C$ is the midpoint of $\overline

dedylja [7]

Answer:

9.25