Answer:
The more electricity, communications, and transportation used in a nation's economy, it will give them a more developed country and a greater potential for increased industrialization.
Explanation:
Answer:
wages decrease
Explanation:
Labor is a factor of production and has a price like all other inputs. In the economy, labor is a commodity whose price is determined by the forces of demand and supply. When there is an oversupply of labor, its equilibrium price will decrease.
The equilibrium price of labor is the prevailing wage rate, where demand matches supply. When immigration adds to the labor force, it means an additional supply of able and willing workers in the markets. There will be many sellers or workers offering to supply labor services to the existing job openings. As a result, the price of labor will reduce as buyers or employers can lower the wage rate and still get the labor services they require.
Answer:
The answer is $2,225,000
Explanation:
Cost of acquisition is $1,775,000
Meyer company's share of net income in Gannon corporation:
60% of $1,000,000
0.6 x $1,000,000
= $600,000
Meyer company's share from cash dividend in Gannon corporation
60% of $250,000
0.6 x $250,000
= $150,000
The balance in the equity investment account at December 31, 2021 should be:
$1,775,000 + $600,000 – $150,000
= $2,225,000
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Answer:
The correct answer is the option A: the marginal revenue curve and the demand curve are the same.
Explanation:
To begin with, the concept of<em> ''perfectly competitive market''</em> refers to the market where there are a lot of firms and their products are exactly the same with no differentation, therefore that they can not establish an influence in the price. In addition to that, in this type of market the equilibrium is in the point where the marginal revenue equals the marginal cost and in this case where there is no influence from the firms then the price of the product will be established by the demand itself and therefore that also the marginal revenue of the firm as well.
