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4 years ago

What happens to the equilibrium wage and quantity of labor if output price rises?

Business

1 answer:

Korvikt [17]4 years ago

6 0

Answer:

both the equilibrium wage and the equilibrium quantity of labor will rise.

Explanation:

The equilibrium market wage rate is the cross section or intersection of the supply and demand variables for labour. Like the graph shows below, these two variables are correlated, meaning one rises so does the other. Therefore if output price rises it means that both the equilibrium wage and the equilibrium quantity of labor will rise.

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Which of the following customers generally switch companies easily

Tema [17]

By their decisions. They might have a 40% chance of getting their career they want. this is difficult to change from a customer to a company. But if you're looking for who make more money it is company's as rated 7/10 as 2x money earned as customer.

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3 years ago

A country is currently producing bricks and spatulas using all of their resources and satisfying the wants of their economy. If

makkiz [27]

Answer:

C. The country will have a smaller marginal return from bricks.

Explanation:

This is because it will lead to an increased production in the economy and ppf will shift outward.

5 0

3 years ago

If you were Lilly’s CEO, what would you do ?

lakkis [162]

Well it depends on the situation

5 0

3 years ago

Given a risk-free rate of return of 3.7 percent and a market risk premium of 8.8 percent, one of these stocks has an expected re

mr_godi [17]

Answer:

9.42%

Explanation:

According to the CAPM,

market required rate of return = risk free rate + (beta x market risk premium)

for stock A :

3.7% + (0.65 X 8.8%) = 9.42%

The market required rate of return isn't equal to the expected return based on the calculation.

for stock B :

3.7% + (1.22 X 8.8%) = 14.44%

for stock B, they both match

6 0

3 years ago

The following amounts were selected from the production report of Chandon Corporation:

Volgvan

Answer:

correct option is C. $81,300

Explanation:

given data

Actual units in production = 42,000

Equivalent units (materials) = 42,000

Equivalent units (conversion) = 39,000

Cost per equivalent unit (materials) = $1.10

Cost per equivalent unit (conversion) = $0.90

solution

we get here Equivalent Cost for Material that is

Equivalent Cost for Material = 42000 × 1.1

Equivalent Cost for Material = 46200

and Equivalent Cost of Labor will be here as

Equivalent Cost of Labor = 39000 × 0.9

Equivalent Cost of Labor = 35100

so total cost of production will be

total cost of production = 46200 + 35100

total cost of production = $81300

so correct option is C. $81,300

4 0

3 years ago