Answer:
a change in consumer tastes for the product.
Explanation:
A change in consumer taste about a product causes the demand curve and not the supply curve to change.
If the cost of Labour increases, cost of production is higher and supply would fall. The supply curve would shift leftward.
If the cost of Labour falls, cost of production is lower and supply would increase. The supply curve would shift to the right.
If it is expected that price would increase, supply would increase and the supply curve would shift to the right.
If the number of sellers increases, supply would increase and the supply curve would shift to the right.
If the number of sellers decreases, supply would fall and the supply curve would shift to the left.
I hope my answer helps you
Answer:
Real wage rate can be calculated by:
= Nominal wage rate /CPI * 100
2018 real wage rate:
= 7 / 252 * 100
= $2.78
2019 real wage rate:
= 10 / 257 * 100
= $3.89
Did these workers really get a pay raise between 2018 and 2019?
YES THEY DID:
= 2019 real wage - 2018 wage rate
= 3.89 - 2.78
= $1.11
It's not overly cautious. OSHA regulation keeps workers relatively safe and helps cut costs.
Answer:
8.46%
Explanation:
Calculation for the the taxable equivalent yield for this investment
Using this formula
Taxable equivalent yield
=Tax-exempt yield / (1 − Your tax rate)
Let plug in the formula
Taxable equivalent yield=0.055 / (1 - 0.35)
Taxable equivalent yield=0.055/0.65
Taxable equivalent yield=0.0846*100
Taxable equivalent yield= 8.46%
Therefore the taxable equivalent yield for this investment is 8.46%
