Answer:
more workers are willing to work as the market wage increases.
Explanation:
IF the labour supply curve is upward sloping, its that means there is a positive relationship between wages and labour supply. The higher the wages, the higher the number of workers willing to work. The lower the wages, the lower the number of workers willing to work
Please check the attached image for a upward sloping labour supply curve
Answer:
Young should report proceeds from the sale of bonds as equal to $864,884
Explanation:
The proceeds on the sale of bonds is equivalent to the present value of all the cash flows that are likely to accrue to an investor once the bond is bought. These cash-flows are the periodic coupon payments that are paid semi-annually and the par value of the bond that will be paid at the end of the 5 years.
During the 5 years, there are 10 equal periodic coupon payments that will be made. In each year, the total coupon paid will be
and this payment will be split into two equal payments equal to . This stream of cash-flows is an ordinary annuity
The periodic market rate is equal to
The PV of the cashflows = PV of the coupon payments + PV of the par value of the bond
=$40,000*PV Annuity Factor for 10 periods at 4%+