All categories

4 years ago

The horizontal aggregation of the individual labor supply curves for workers in a given location is known as the

Business

1 answer:

Naddika [18.5K]4 years ago

7 0

Answer:

market supply of labor

Explanation:

The description provided is for a term known as the market supply of labor. In the context of economics, this term refers to the number of individual workers of a specific trait and with a specific skill level who supply their labor for varied prices. When dividing this by type of work it is the horizontal summation of the individuals' labor supply curves as can be seen in the graph shown attached.

You might be interested in

Novak Express reports the following costs and expenses in June 2017 for its delivery service. Indirect materials $7,000 Drivers’

Natasha2012 [34]

Answer and Explanation:

The computation is shown below:

a. For delivery service product cost

Indirect materials $7,000

Depreciation on delivery equipment $12,000

Dispatcher's salary $5,400

Gas and oil for delivery trucks $2,900

Drivers' salaries $16,900

Delivery equipment repairs $450

Total $44,650

The product cost includes direct material, direct labor and factory overhead cost which are used to make the product

b) Period costs:

Property taxes on office building $930

CEO's salary $12,500

Advertising $5,100

Office utilities $11,050

Repairs on office equipment $270

Total $29,850

The period cost includes majorly part of the selling and admin expense and it also recorded those expenses which are incurred according to the passage of time

7 0

3 years ago

The liabilities of Wildhorse Company are $113,000 and the owner’s equity is $235,000. What is the amount of Wildhorse Company’s

kirill [66]

Answer:

$122,000

Explanation:

i dont know i just subtracted ¯\_(ツ)_/¯

8 0

3 years ago

Great Kids Co. began providing day care for the children of employees of a large corporation on January 15 for an agreed monthly

nirvana33 [79]

Answer:

A. A credit to Child Care Fees Earned of $4,500.

Explanation:

The journal entry to record this given transaction is shown below:

Cash A/c Dr $4,500

To Child Care Fees Earned A/c $4,500

(Being the fees earned is recorded)

Since the payment is received that means cash balance is increased so we debited the cash account and credited the child care fees earned account.

The monthly fee is $9,000 but we have to compute for 15 days, so it would be

= $9,000 ÷ 2

= $4,500

7 0

3 years ago

One year ago, you purchased $6,000 worth of a mutual fund at an offering price of $38.10 a share. Today, the fund distributed $0

dalvyx [7]

Answer:

a. 7.48%

Explanation:

Number of shares = $ 6,000 / $ 38.10

Number of shares = 157.48

Rate of return = [Number of shares * (Short term gans + Long term gains + ((1 - Front end load) * (Current offering price)) - Purchase price] / Purchase price

Rate of return = [157.48 * ($0.20 + $1.04 + ((1 - 0.05 ) * $41.80)) - $6,000] / $6,000

Rate of return = [157.48 * ($0.20 + $1.04 + (0.95 * $41.80)) - $6,000] / $6,000

Rate of return = [157.48 * ($1.24 + $39.71) - $6,000] / $6,000

Rate of return = $448.806 / $6,000

Rate of return = 0.074801

Rate of return = 7.48%

6 0

3 years ago

When selecting a savings account, you should look at the following factors except _____.

GaryK [48]

All of these factors are important to consider EXCEPT "taxes paid on interest" because the banking institution has no control over the tax rate and how much you would be responsible for paying at the end of the year. Tax rates are set by federal and state governments and would be the same rate no matter which savings account you chose.

7 0

4 years ago

Read 2 more answers