1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
These organization tend to be larger in size and small in numbers.
lesya692 [45]

Answer:

Alternative D

Explanation:

Because proprietorships are usually huge organizations that in a quantitive way is a few

4 0
3 years ago
The company's adjusted trial balance as follows includes the following accounts balances: Cash, $15,000; Equipment, $85,000; Acc
dmitriy555 [2]

Answer:

The first closing entry transfers credit balances in revenue ( and gain ) accounts to the income summary accounts.

Dec 31                       Fees Earned  $56,000 Dr

                                          Income Summary $56,000 Cr

We bring account credit balances to zero by debiting them. The entry closes revenue accounts and leaves them with zero balances. The accounts are now ready to record revenues when they occur in the next period.

4 0
3 years ago
There are several reasons why a consumer might be reluctant to adopt a new product. For example, a consumer might be reluctant t
Lostsunrise [7]

When the product is not compatible with existing habits

6 0
3 years ago
Dermody Snow Removal's cost formula for its vehicle operating cost is $3,000 per month plus $330 per snow-day. For the month of
katovenus [111]

Answer:

390 F

Explanation:

Spending variance is defined as the difference between the actual expenses and planned expenses. It is favorable when the actual expenses is less than planned and vice versa.

Operating cost $3000

Maintenance per snow day - $330

Budgeted snow day - 24

Actual snow day - 26

Actual operating cost - $11,190

Variance

((330*26)+3000 =11580

Actual operating cost = 11,190

Variance = 11580-11190= 390 F

6 0
4 years ago
Read 2 more answers
What does the term “base material” refer to with respect to masonry fasteners?
lilavasa [31]
<span>The term “base material” with respect to masonry fasteners</span> refers to concrete, brick or block.
Concrete anchors are used to solve concrete fastening problems.
5 0
3 years ago
Read 2 more answers
Other questions:
  • Ski Safety sells emergency safety and rescue products to ski patrols and rescue workers at prices that are below those of its co
    15·2 answers
  • Which of the following is an advantage of using technology in recruiting?
    5·1 answer
  • Rita owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home (500 square f
    14·1 answer
  • A bank has $132,000 in excess reserves and the required reserve ratio is 11 percent. This means the bank could have __________ i
    5·1 answer
  • Which of the following is a general two-year college level degree
    5·2 answers
  • Suppose that a small county is considering adding a guard rail to a dangerous curve by a river. The guard rail will cost $70,000
    9·1 answer
  • Martin Aerospace is currently operating at full capacity based on its current level of assets. Sales are expected to increase by
    8·1 answer
  • Which of the following assets is the most liquid?
    6·2 answers
  • ¿De qué palabra deriva el verbo "betunear"?
    5·1 answer
  • Your salary is one thing to consider when reviewing a job offer but benefits are also important. Which of the following would NO
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!