If the supply of person-hours in the market shifts to the right, then the equilibrium wage will <u>fall</u> and the number of person-hours will <u>increase</u>.
The equilibrium wage price is at the intersection of the supply and demand for labor. Personnel is hired as much as the factor where the extra value of hiring an employee Is equal to the extra income revenue from selling their output.
Labor market Equilibrium, the actual salary, and the equilibrium quantity of exertions traded are decided by the intersection of labor supply and labor call for. on the equilibrium actual wage, the amount of hard work provided equals the quantity of labor demanded.
A person's labor supply curve marks out the number of hours they are willing to work at one-of-a-kind wages, the equal manner that a vendor's supply curve marks out how a great deal they are inclined to promote at exceptional costs.
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Answer:
Income will increase by $84.
Explanation:
<u>The break-even point is the number of units required to cover the fixed costs. Net income is zero.</u>
First, we need to calculate the unitary variable cost:
Unitary variable cost= 120*0.3= $36
<u>Now, the unitary contribution margin:</u>
unitary contribution margin= 120 - 36
unitary contribution margin= $84
Income will increase by $84.
Answer:
Total cost= $15,100
Explanation:
Giving the following information:
The job cost record for Job A61 on March 1 showed a balance of $5,200.
Job A61:
March:
Direct materials= $2,300.
Direct Labor= $4,000.
Manufacturing overhead is allocated based on direct labor cost. The rate is 90% of direct labor cost.
MOH= 4000*0.9= $3,600
Total cost= 5,200 + 2,300 + 4,000 + 3,600= $15,100
The answer is Japan. It is decreasing at a record pace. The country lost 244,000 people in 2013 as births jumped and deaths increased. It faces the vision
of losing a third of its population in the next 50 years, raising uncertainties
about its economic prospects and labor market.
To find the answer you need to multiply 55,000 times 5 1/4 that is equal to 68750.