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jek_recluse [69]
3 years ago
7

The labor demand curve is downward sloping because as the real wage ________ the amount of labor hired ________.

Business
1 answer:
Alex Ar [27]3 years ago
5 0
As the real wage Increases, the amount of labor hired decreases. 
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Answer:

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3 years ago
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Consider an overlapping generation set up with pay-as-you-go social security system in a hypothetical economy. There are 100 old
Mandarinka [93]

Answer:

a) 3%

b) the new workers contribute 16,068 dollars

c)$160.68 each

d) the old workers contribute 15,000 when they made his contribution

e) rate of return 7.12%

Explanation:

growth rate: the increase in the workforce:

103 new workers / 100 retired - 1 = 0.03 = 3%

103 workers x 1,040 each x 15% = 16,068

assuming no other employee:

$16,068 pension fund / 100 retired persons = 160.68 dollars each

100 workers x 1,000 each x 15% = 15,000

e) the old retire contribute:

1,000 x 15% =  150

they receive 160.68

rate of return:

160.68 / 150 - 1 = <em>0.0712</em>

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3 years ago
Porter was unemployed for part of the year. porter received $35,000 of wages, $4,000 from a state unemployment compensation plan
Gre4nikov [31]
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7 0
3 years ago
Consider the following for Guardian Manufacturing Company: Change in finished goods inventory $ 315 increase Change in work-in-p
vesna_86 [32]

Answer:

B) $ 485 $ 170

Explanation

The cost of goods manufactured includes all the manufacturing costs in a given period adjusting for changes in work in process balances. The total manufacturing costs are $ 630 but this results in  an increase in work in process inventory by $ 145, so in other words, part of the total manufacturing costs have gone towards increasing the work in process balance.

So the cost of goods manufactured is $ 630 - $ 145 = $  485.

The cost of goods sold is the cost of goods manufactured above adjusted for changes in finished goods.

so the cost of goods sold is $ 485 - $ 315 ( change in finished goods inventory) = $ 170.  

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3 years ago
Open market operations refer to which action by a central bank?
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