All categories

4 years ago

Why do workers with more education and training generally get paid higher wages ?

1 answer:

6 0

Probably because the more educated a person becomes in their field of interest, the more valuable they are based on that knowledge. You are capable of more if you know more. More knowledge can lead to better, faster & more precise decisions and actions in workplace. :D

You might be interested in

Because an organization has limited influence on market growth rate, its main alternative for moving an SBU on the portfolio ana

svetlana [45]

Answer:

The correct answer is inject cash into it.

Explanation:

Every day, central banks lend money to private banks through auctions. The extraordinary thing about these new liquidity injections starring the European Central Bank or the US Federal Reserve is not so much the operation itself, as the situation in which they occur.

In this case, problems arise when, due to distrust, banks do not lend money to each other, operations that are common when the system is working properly.

With extraordinary placements, the central entities replace that lack of funds that private banks have not been able to obtain from their partners and, at the same time, at a cheaper price - at a lower interest rate.

6 0

3 years ago

Assume that a firm hires an additional employee. If the marginal product for that employee is greater than for the previous empl

Tom [10]

If the marginal product for that employee is greater than for the previous employee hired, it must be that there are gains from specialization

<h3>What is marginal product ?</h3>

The marginal product or marginal physical productivity of an input (factor of production) in economics, and particularly neoclassical economics, is the change in output that results from using one more unit of a specific input (for example, the change in output when a firm's labor is increased from five to six units), assuming that the quantities of other inputs are kept constant.
The marginal product is the mathematical derivative of the production function with respect to that input if the output and the input are infinitely divisible, in which case the marginal "units" are infinitesimal.
When more of one input, such as labor, is used while maintaining a constant level of the other input, such as capital, the marginal product initially rises according to the "rule" of declining marginal returns.

To learn more about marginal product with the given link

brainly.com/question/13623353

#SPJ4

8 0

1 year ago

Reasons why countries avoid specialization

Romashka [77]

Answer:

Countries specialize in order to increase their trade. Imagine a country that has specialized in rubber production and suddenly other more efficient synthetic products have replaced rubber. That means that the demand of rubber has fallen. This would create the country to face labor unemployment, lack of trade for rubber, a long period of stagnant growth indirectly effecting the economy adversely.

Therefore countries prefer to go along with trade and avoid specialization so as to avoid period of stagnant growth.

4 0

3 years ago

Crane Company

Afina-wow [57]

Answer:

statement of cash flows using the indirect method

Cash flow from Operating Activities

Cash Receipts from Customers $145,200

Cash Paid to Supplies and Employees ($108,900)

Net Cash from Operating Activities $36,300

Cash flow from Investing Activities

Proceeds from Sale of Equipment $5,100

Net Cash from Investing Activities $5,100

Cash flow from Financing Activities

Dividends Paid ($12,000)

Net Cash from Financing Activities ($12,000)

Movement during the period $29,400

Cash and Cash Equivalents at Beginning of the Period 0

Cash and Cash Equivalents at the End of the Period $29,400

Explanation:

Cash Receipts from Customers Calculation :

Sales revenue $ 145,200

Assuming Cash Sales

Cash Paid to Supplies and Employees Calculation :

Cost of goods sold $105,000

Add Selling Expenses $10,800

Add Administrative expenses $3,600

Less Depreciation ($10,500)

Cash Paid to Supplies and Employees $108,900

6 0

4 years ago

Root and Vine is a gardening collective and local delivery service started by two friends. Their clientele has grown, and they w

Zanzabum

The best and most correct answer among the choices provided by your question is the second choice or letter B. They could put up a partnership which might best suit their growth.


A partnership is a single business where two or more people share ownership. Each partner contributes to all aspects of the business, including money, property, labor or skill. In return, each partner shares in the profits and losses of the business.

I hope my answer has come to your help. Thank you for posting your question here in Brainly.

3 0

3 years ago

Read 2 more answers