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Eva8 [605]
1 year ago
7

as a percentage, by how much will galoshes r' us change their use of labor if wages fall by 23.4#.4% ? enter a negative percenta

ge if the firm will decrease the amount of labor that they hire.
Business
1 answer:
Luda [366]1 year ago
8 0

Galoshes increase their labor by 85.8% if there is a decrease in 37.4% in wages using elasticity of labor.

Elasticity of labor is defined as the percentage change in demand for labor to percentage change in demand for labor to percentage change in wage rate.

Elasticity of labor= % demand of labor/% change in wage rate

Let % wage decrease be x
Δ demand for labor =L
i) Galorhes R = ΔL/-Δx = -2.3
ii) Emerson R = ΔL/-ΔX= -3.2
III) Wayne= ΔL/-ΔX= 1.7
iv) Bull stearns = ΔL/-Δx= 4.6

Therefore, emerson,lake and palmer increases the amounts
Hence 2nd option
2) Galorhes R= ΔL--37.3=-2.3
                     = 37.3× 2.3
                    = 85.79%
For more information on elasticity of labor visit:
brainly.com/question/29349341
#SPJ4

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4 0
3 years ago
This year Randy paid $29,050 of interest on his residence. (Randy borrowed $464,000 to buy his residence, and it is currently wo
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Answer:

the last part of the question is missing, so I looked for it:

a. Randy received $2,200 of interest this year and no other investment income or expenses. His AGI is $75,000.

b. Randy had no investment income this year, and his AGI is $75,000.

a) Randy can deduct $31,575:

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3 years ago
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