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klemol [59]
3 years ago
7

Which of the following scenarios could lower a firm’s demand for labor? Correct Answer(s) James operates a restaurant in a seasi

de tourist town. It is winter and all the tourists have left. Katie owns a coffee shop that used to have to compete with a nearby café. The café recently went out of business. Amy must pay more money to obtain the wood needed to construct chairs at her factory. Calvin’s bookstore is located near a college campus. School has just started and many students are returning to the area. Rex invests in new computer software that will automate his bookkeeping.
Business
1 answer:
Sedaia [141]3 years ago
8 0

Answer:

James operates a restaurant in a seaside tourist town. It is winter and all the tourists have left

Rex invests in new computer software that will automate his bookkeeping.

Explanation:

In winter, the patronage at James' resturant would drop because tourists would have left. Because demand at the resturant has dropped, James would reduce his demand for Labour which are his staffs. He would let some staffs go temporarily to reduce costs .

If Rex invests in a software that automates his book keeping, he wouldn't need an accountant to help with his book keeping, so demand for labour would fall.

After Katie's competition closes down, more people would patronise Katie. Katie's demand for Labour would increase because of the influx of customers.

Amy would need labour to obtain wood; her demand for Labour would increase.

If school is just resuming, there would be a high influx of people into the bookstore, the bookstore would increase its demand for Labour because of the high influx of customers .

I hope my answer helps you.

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Data concerning Farm Corporation's single product appear below: Selling price per unit $ 320.00 Variable expense per unit $ 76.8
lara [203]

Answer:

$224,000

Explanation:

Contribution margin = Selling price - Variable cost

= $320 - $76.8

= $243.2

Contribution margin ratio = Contribution margin / Sales

= $243.2 / $320

= $0.76 × 100

= 76%

Break even point = Fixed cost / Contribution margin ratio

= $170,240 / 76%

= $224,000

7 0
3 years ago
An offeree whose acceptance is not a mirror of the offer has made a counter offer.
ch4aika [34]
That is true because has most likely asked for higher than the offer.
4 0
3 years ago
Larry’s Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $32,000 per year forever.
Harman [31]

Answer:

$444,444.44

Explanation:

Larry's life insurance corporation is trying to sell an investment policy that will pay you and your heirs a total amount of $32,000 per year

The required return on this investment is 7.2%

= 7.2/100

= 0.072

Since the cash flow is a perpetuity then, the amount that will be paid for the policy can be calculated as follows

PV= C/r

= $32,000/0.072

= $444,444.44

Hence the amount of money that will be paid for the policy is $444,444.44

4 0
3 years ago
A coffeemaker manufacturing company is planning a new coffeemaker that features 12 cup sizes, five brew strengths, three auto-ti
marta [7]

Answer:

Feature fatigue.

Explanation:

Feature fatigue is an inclination for buyers to avoid products that seem, by all accounts, to be feature-rich. It is a cutting edge wonders that has happened because of the blast in the quantity of features stuffed into products and services.

8 0
3 years ago
Essay of market structure
ASHA 777 [7]

Market structure serves as the way the industries in the market are been classified.

<h3>What is Market structure ?</h3>

Market structure can be regarded as a structure that is used in the classification of different industry that made up a market.

The types of market structures are:

  • perfect competition
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  • monopoly market
  • monopolistic competition.

These classification is usually done base on based on their degree and nature of competition of that industry.

Learn more about  Market structure here: brainly.com/question/3010212

#SPJ1

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2 years ago
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