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Oksana_A [137]
3 years ago
14

At its height, what percentage of american workers were employed in an automotive-related industry?

Business
2 answers:
USPshnik [31]3 years ago
7 0
The percentage of American workers that were classified as employed in the industry that is automotive-related is only 20%. There were only 2 out 10 Americans who are working on this job. Automotive jobs cover auto dealerships, and manufacturing plants.
Luda [366]3 years ago
6 0

Answer:

The percentage of American workers are 20 percent

Explanation:

The Automotive industry deals with the manufacture, repairs and maintenance of automobiles of all type and shapes. in this ind of industry the workers needed are usually highly skilled workers who can assemble and maintain automobiles Engines, the electrical section of the Automobile and also the other mechanical parts that make up the automobile.

At the height of the Automotive industry about 20 % of American workers were directly or indirectly employed to work in this industry in one way or the other although the percentage was reasonable but didn't encompass the vast majority of American workers because of the level of skills required by the industry.  

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Suppose that XYZ Company hires labor and capital in competitive input markets. Assume that labor costs $200 per day and that a u
GuDViN [60]

Answer:

a) Yes, the firm is minimizing the cost of current production. This is because MRPL / w = MRPC / r = 0.20.

b) The long run adjustments that the firm would likely make in response to the wage increase is to use more labor and less capital until MRPL / w = MRPC / r, which is the condition for the cost minimization of a firm.

Explanation:

a) Given the information provided, is the firm minimizing the cost of current production? Explain why or why not.

The condition for the cost minimization of a firm is as follows:

MRPL / w = MRPC / r ……………………………. (1)

Where:

MRPL = Labor's marginal product = 40

w = Cost of labour = $200

MRPC = Capital's marginal product = 30

r = Cost of capital = 150

Therefore, we have:

MRPL / w = 40 / 200 = 0.20

MRPC / r = 30 / 150 = 0.20

Since MRPL / w = MRPC / r = 0.20, this implies that these conditions are consistent with equation (1). Therefore, the firm is minimizing the cost of current production.

b) If the daily wages were to increase, explain the long run adjustments that the firm would likely make in response to the wage increase.

If the daily wages were to increase, the MRPL / w in equation (1) in part a above will fall and we will have:

MRPL / w < MRPC / r …………………… (2)

Since equation (2) is no longer consistent with equation (1), the firm is NOT minimizing the cost of current production.

Therefore, the long run adjustments that the firm would likely make in response to the wage increase is to use more labor and less capital until MRPL / w = MRPC / r, which is the condition for the cost minimization of a firm.

7 0
2 years ago
Wages expense Wages payable Utilities expense Accounts payable Unearned service revenue Service revenue Equipment Intangible ass
Elena-2011 [213]

Answer and Explanation:

The adjusting entries are shown below

1. Accrued wages expenses

Wages expense Dr XXXXX

         To Wages payable XXXXX

(Being the accrued wages is recorded)

For recording this we debited the wages expense as it increased the expense and credited the wages payable as it also increased the liabilities

2. Accrued utilities expenses

Utilities expense Dr XXXXX

         To Account payable XXXXX

(Being the accrued utilities expense is recorded)

For recording this we debited the utility expense as it increased the expense and credited the account payable as it also increased the liabilities

3. For adjusting the unearned service revenue

Unearned service revenue Dr XXXXX

         To Service revenue XXXXX

(Being the unearned service revenue is recorded)

For recording this we debited the unearned service revenue as it decreased the liability and credited the service revenue as it increased the revenue

7 0
3 years ago
Four people are applying for a job. This chart shows the company’s favorite characteristic of each of these job applicants Which
ololo11 [35]
The last one, letter D
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tekilochka [14]

Answer:

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Explanation:

As the employees at NeiFra Infosystems Inc. have been struggling to provide quality services to clients. An investigation reveals that employees feel dissatisfied and fatigued due to the challenging nature of their jobs. Ellen, the HR manager, suggests simplifying jobs in order to reduce errors and increase accuracy. Using software that helps with tracking progress can simplify the mental demands of employees' jobs. With the help of software, they can not only easily make the patterns but also can easily identify the main problems in a more effective and efficient way. Software can help NeiFra Infosystems Inc. in getting knowledge about the reasons of the employee's dissatisfaction in a more quick and fast way, which if they do it manually can take lot of time and unnecessary efforts.

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Recommend two aspects you would include when preaparing a flyer
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Two aspects that would be the most important in preparing a flyer are :

- The Color
Flyers are created to attract people awareness, which means that their color must attract a lot of attentions.

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