The definition of market equilibrium states that the quantity of labor demanded by employers will equal the quantity supplied at an equilibrium wage.
<h3>What is an equilibrium?</h3>
The point at which the forces of demand and supply are equal from both the sides, and there is an expression of a perfect competition in the market, such point is known as an equilibrium.
Hence, option B holds true regarding equilibrium.
Learn more about equilibrium here:
brainly.com/question/13524990
#SPJ1
What the trend in the market is at that point in time and doesn't look for quality of the product
Answer:
I don't think he got any back
Explanation:
The money could have been a tip.
I believe it is the B. troubleshooting focuses on how to fix the problem
Answer:
1) a. $15
2) a. $50,000
Explanation:
July: n1 = 4,000; c1 =$110,000
January: n2 = 2,500; c1 =$87,500
1) Using the high/low method, the average variable cost is determine as the difference between the highest and lowest activity costs, divided by the difference between the highest and lowest output:
The average variable cost is $15.
2) The total fixed cost is determined by the highest activity cost (c1), subtracted by the product of the highest output and the variable cost (n1 x VC):
Total fixed cost is $50,000.