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Dimas [21]
3 years ago
8

In the U.S., between 1990 and 2007, capital stock and the level of technology increased dramatically. During the same period, em

ployment and real wages rose. What do these set of events suggest?
a. The demand for labor increased by more than the increase in supply of labor over this period.
b. The demand for labor increased by less than the increase in supply of labor over this period.
c. The demand for labor decreased while the supply of labor increased over this period.
d. The demand for labor and the supply of labor decreased over this period.
Business
1 answer:
oee [108]3 years ago
3 0

Answer:

c. The demand for labor decreased while the supply of labor increased over this period

Explanation:

In a classical model, the production function depends on the capital stock (K) and labor (L). The production function is: Y(K,L). If the capital stock and technology increases, then firms will use more this production factor than labor. This will traduce in a decrease in the demand labor. Remember firms demand labor and workers offer it.

If real wages increase too, then more people would like to work. This will increase the total labor supply.

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Answer:

The correct answer is $479,500.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the total revenue by using following formula:

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3 years ago
(TCO E & F) A _____ position in T-bond futures should be used to hedge falling interest rates and a _____ position in T-bond
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3 years ago
Kyoko is managing a team of people who are working on a critical project. she wants to use positive reinforcement, but the days
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Kyoko needs to find the time.

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5 0
3 years ago
The markup on a TV should be 58% based on selling price. If the seller paid $252 for one, then how much should it be sold for (i
FinnZ [79.3K]

Answer:

=$398.16

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3 years ago
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