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Leno4ka [110]
4 years ago
7

If Jeff's wage rate rises, he decides to work more hours. From this, we can infer that____________.

Business
1 answer:
marshall27 [118]4 years ago
3 0

Answer:

If Jeff's wage rate rises, he decides to work more hours. From this, we can infer that  for Jeff, the substitution effect is greater than the income effect - option C.

Explanation:

The substitution effect is stronger than the income effect in a case whereby  the supply of labor increases as the wage rate increases .

On the other hand, when the supply of labor decreases as the wage rate increases, then the income effect is stronger than the substitution effect.

With regards to the scenario given in the question - with an increase in the wage rate, Jeff has decided to work more hours.

Thus, in the given case, it can be inferred that for Jeff, the substitution effect is greater than the income effect.

Therefore, the correct answer is option C.

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A difference in quantity of materials used on two comparable jobs may be caused by a.employee carelessness b.poor quality materi
Elodia [21]

Answer: d.All of these choices are correct.

Explanation:

All the above can result in different quantities of materials being used for comparable jobs.

Employee Carelessness can cause more material to be used if they fail to adequately measure the Requirements of a job. If they are also careless in the usage of the material, there will be wastage and therefore a larger use of materials.

Poor Quality Materials can also result in different quantities being used because for instance, more material could be required to do something that a stronger material could have easily done.

Inadequately trained Employees is a major reason for Material Wastage. If employees are not trained by seasoned people who know how to reduce wastage, that knowledge could take time to come to them. If they were adequately trained however, they can master the tricks on wastage avoidance and limit discrepancies in the amount of materials used per comparable jobs.

7 0
3 years ago
https://brainly.com/app/ask?entry=top&q=Top+International+Corporation+currently+has+no+debt+cutstanding+and+a+total+market+v
tigry1 [53]

Answer:

I dont understand ur question

4 0
3 years ago
16) (2 marks)
musickatia [10]

Answer:

171 units

Explanation:

Break-even point = fixed cost / Divide by contribution margin per unit.

fixed costs = £12,000

Contribution margin per unit = selling price - variable cost per unit

Selling  price £88: variable cost  £18

contribution margin per unit

=  £88 -  £18

=£70

Break-even point = £12,000/£70

=171.42

=171 units

3 0
3 years ago
For the past six years, the price of Slippery Rock stock has been increasing at a rate of 8.21 percent a year. Currently, the st
Licemer1 [7]

Answer:

3.44 percent

Explanation:

Required return = Dividend yield + growth rate

Dividend yield = Required return -  growth rate

                        = 11.65% - 8.21%  

                        = 3.44%

Therefore, The dividend yield is 3.44%

7 0
4 years ago
How does imports, exports and balance of trade relate​
skelet666 [1.2K]

Answer:

See explanation section

Explanation:

Export - When a country ships its domestic products (Goods and Services) to another country, after meeting the demand of the domestic people, for processing, using, and selling those, the term refers to export.

Import - When a country brings other countries' products in order to fulfill the demand of its population, it is coined as an import.

Balance of Trade - When there is a difference between the country's net monetary value of exports and imports, it is called the balance of trade. If export exceeds the import, there will be a trade surplus. On the other hand, when import exceeds the export, there will be a trade deficit.

6 0
3 years ago
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