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creativ13 [48]
3 years ago
11

Suppose there are 1000 firms in a market and all are identical. Firm A will hire 20 workers when the wage rate is $10, 25 worker

s when the wage rate is $9, and 30 workers when the wage rate is $8. The equilibrium wage rate for a number of years has been $9. If the wage rate falls to $8, we know that
Business
1 answer:
Triss [41]3 years ago
6 0

Answer:

d. the quantity demanded for the market will increase to less than 30,000 workers.

Explanation:

Missing options:

  • a. the quantity demanded for the market will increase to 30,000 workers.
  • b. the quantity demanded for the market will increase to more than 30,000 workers.
  • c. the quantity demanded for the market will increase, but we can't tell which of the above answers is correct.
  • d. the quantity demanded for the market will increase to less than 30,000 workers.

maximum total demand for labor = 30 (at $8) x 1,000 firms = 30,000 workers, but since the equilibrium rate had been $9 for many years, some workers have already been hired at $9, and it is usually very difficult to lower someone's wage once they have been working. Even thought the quantity demanded will increase, it will probably not be able to reach 30,000 workers.

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Answer:

Please consider the following explanation

Explanation:

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3 years ago
# 8 & # 9 please .. I appreciate it
KatRina [158]
#8 is C. Unfortunately I do not know #9.
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3 years ago
Normative and positive statements
Gekata [30.6K]

Answer:

Normative

Positive

Normative

Positive

Explanation:

Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.  

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8 0
3 years ago
The next dividend payment by Savitz, Inc., will be $1.44 per share. The dividends are anticipated to maintain a growth rate of 6
defon

Answer:

Dividend yield = 5.54%

The expected capital gains yield = 6%

Explanation:

Next Dividend (D1) = $1.44

Growth rate (g) = 6%

Required return (Ke) = 6% + 5.54% = 11.54%

Ke-g = 11.54% - 6% = 5.54%

Price = D1 / (ke / g) = 1.44 /  5.54% = $25.9927 = $26

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Dividend yield = 0.05538

Dividend yield = 0.0554

Dividend yield = 5.54%

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The expected capital gains yield = 11.54% - 5.54%

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3 years ago
Maurice bought 25 shares of stock at $9.85 per share and sold them for $11.22 per share.
AveGali [126]
What's the question? This is just a statement.
5 0
3 years ago
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