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GenaCL600 [577]
3 years ago
5

Consider the market for university economics professors. Suppose the opportunity cost of going to graduate school to get a Ph.D.

in economics increases for many individuals. Suppose it generally takes about five years to get a Ph.D. in economics. Holding all else constant, in five years the equilibrium quantity of university economics professors will
a.
increase.

b.
decrease.

c.
not change.

d.
It is not possible to determine what will happen to the equilibrium quantity.
Business
1 answer:
Kruka [31]3 years ago
6 0

Answer:

B. Decrease

Explanation:

Base on the scenario been described in the question, when the P.HD in economics increase, it will in turn make the equilibrium wage to increase. The labor market, sometimes called as the job market, refers to the demand and supply for labor in which employers provide the demand and employees the supply

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Alex's persuasive speech on a question of policy includes the following connective between the second and third main points: Fir
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Answer:

c. problem-cause-solution.

Explanation:

Alex's persuasive speech on a question of policy includes the following connective between the second and third main points:

- First it noted that health complications from obesity are a growing problem among young adults.

- Then it looked at some of the major factors leading to this problem.

- Finally, it looked at the steps we can take to eliminate the problem. Hence, Alex's speech is organized according to problem-cause-solution pattern of organization.

The problem-cause-solution pattern of organization is a three-pronged speech that organizes the argument by highlighting a problem, identifies the cause of the problem and in conclusion recommends a solution to the problem.

6 0
3 years ago
Entrepreneurs are provided with what when starting a franchise?
vladimir1956 [14]

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4 0
3 years ago
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Which of these does NOT describe a friction that might prevent firms from choosing the optimal level of capital? A. Making too b
tekilochka [14]

Answer:

<u> C. The firm likes its workers and doesn’t want to replace some jobs with machinery.</u>

Explanation:

Optimal level of capital simply refers to an ideal strategy used by a firm to raise capital. For example, a firm may decide between debt financing or equity financing, depending on the company's desired level of capital.

So, an already operational firm with that likes its workers and doesn’t want to replace some jobs with machinery has no direct relationship with its level of capital.

8 0
3 years ago
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Answer:

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The formula for the predetermined overhead rate is estimated annual overhead costs divided by an expected annual operating activ
MrRissso [65]

Answer:

True

Explanation:

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Answer : True

6 0
3 years ago
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