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
katrin [286]
2 years ago
12

If, at constant relative prices in a two-commodity and two-factor world, growth in a country’s labor force causes an expansion i

n output of the labor-intensive good and a contraction in output of the capital-intensive good, this situation is an example of the
Business
2 answers:
Aleks04 [339]2 years ago
6 0

Answer:

Rybczynski theorem.

Explanation:

Rybczynski theorem is of the opinion that says that if the demand of some resource increases, the resultant effect will be for the industry that uses that resource most intensively to also increase its output while the other indus­try will decrease its output. Here, relative factor intensity is measured by the ratio of factor use in each industry.

The theory suggests that If, at constant relative prices in a two-commodity and two-factor world, growth in a country’s labor force causes an expansion in output of the labor-intensive good and a contraction in output of the capital-intensive good.

This implies that If two commodities (such as food and cloth) are not jointly produced, but are evenly matched, this relationship will entail that a growth in one factor, such as labour, acts as a force to cause an actual fall in the production of one commodity.

ehidna [41]2 years ago
5 0

Answer:

Rybczynski theorem

Explanation:

Rybczynski theorem states that if the supply of one of the factors of production increases, and other factors remain the same, the output of the product that uses the increase factor will like increase while the output of other goods that do not use the increasing factor will decrease in absolute amount as long as factor and commodity prices do not change. For example, in labor-surplus country, if there is an increase in the supply of labor, there will be a corresponding increase in the output of the commodity that needs labor and reduced output in the commodity that do not need labor, but instead are capital-intensive.

You might be interested in
Suppose an economy has a law that requires all wages to be adjusted quarterly to reflect changes in the general price level. Thi
8_murik_8 [283]

Answer:

economic (or business) cycles are less severe.

Explanation:

If the wages follow the general price level, it means that they will follow the inflation rate. When the economy is strong and inflation might rise, then the wages should increase accordingly. When the economy is starting to enter a recession then the inflation rate will reduce, so wages will not increase as much (if any increase at all).

This type of economic policy favors expansion cycles since private consumption is the main component of the GDP and also helps when the economy enters a recession because the wages will follow inflation rate which will help make the recession less severe and hopefully shorter.

One basic concept for this to work is that inflation is always a positive number, countries rarely (if ever) go through deflation processes.

8 0
2 years ago
The operating ratio for a PC insurer equals _________. A. loss ratio plus the ratios of loss adjustment expenses to premiums ear
FinnZ [79.3K]

Answer:

. E. combined ratio after dividends minus the investment yield

Explanation:

The operating ratio for a PC insurer

can be regarded as the comparison of total expenses of a company compared to net sales generated or the generated revenue. The operating ratio gives the measurement of a overall operational profitability of a firm from both underwriting as well as investment activities. It can be calculated by finding the ratio of

(property's operating expense after substraction of depreciation) and ( the gross operating income). It should be noted that The operating ratio for a PC insurer equals combined ratio after dividends minus the investment yield.

8 0
2 years ago
The kenosha company has three product lines of beer mugslong dash​a, ​b, and clong dashwith contribution margins of $ 5​, $ 4​,
Tema [17]

Answer:

break even point in units:

  • a = 11,700
  • b = 46,800
  • c = 35,100

Explanation:

beer mugs          contribution margin         expected sales

a                                $5                                   25,000

b                                $4                                  100,000

c                                $3                                   50,000

fixed costs = $351,000

if the sales proportion remains the same, we can assume a bundle of products = 1a + 4b + 3c (1 for every 25,000 units) whose contribution margin = $5 + $16 + $9 = $30

break even point = fixed costs / bundle's contribution margin = $351,000 / $30 = 11,700 bundles

break even point in units:

a = 11,700

b = 11,700 x 4 = 46,800

c = 11,700 x 3 = 35,100

3 0
3 years ago
In the late 1950s and 1960s, television Westerns were extremely popular and included Gunsmoke, Bonanza, Wagon Train, and The Big
notsponge [240]

Answer: (C) Decline  

Explanation:

The decline stage is one of the type of last stage in the product life cycle as it basically representing the actual behavior of the product in the market which results in the form of negative growth.

The decline stage basically demonstrating about the decrease sales and also the profit of the products in an organization.

 According to the given scenario, the television western is one of the type of category that entering into the decline stage due to the change in the taste of the customers.      

 Therefore, Option (C) is correct answer.

7 0
3 years ago
g The comparative balance sheets for Pharoah Company show these changes in noncash current accounts: Accounts Receivable increas
Tcecarenko [31]
I really need these points thx a lot
5 0
3 years ago
Other questions:
  • i'm doing a speech about why people give up and why they shouldnt give up what should my attention getter and my main points be?
    6·1 answer
  • Joe Jenkins, the owner of Jenkins Manufacturing, is considering whether to produce a new product. Joe will be selling the produc
    9·1 answer
  • Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the
    14·1 answer
  • Due to increased mailing costs the new rate will cost $54 million this is 12.9% more than they paid the previous year. How much
    5·1 answer
  • What is artificial monopoly
    15·1 answer
  • Peyton sells an office building and the associated land on May 1 of the current year. Under the terms of the sales contract, Pey
    13·1 answer
  • You own a portfolio that is 23 percent invested in Stock X, 38 percent in Stock Y, and 39 percent in Stock Z. The expected retur
    10·1 answer
  • If the price level increases by 0.2 percent for every $100 billion increase in the money supply, by how much might prices rise i
    11·1 answer
  • The next dividend payment by ASAP, Inc., will be $2.00 per share. The dividends are anticipated to maintain a 4.00% growth rate,
    6·1 answer
  • Income __________ when there is zero beginning inventory and all inventory units produced are sold.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!