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meriva
3 years ago
12

If there is a floor on wages created by a minimum wage, union contracts, or other factors, then a decline in the marginal produc

tivity of low-skilled workers will ______ the demand for low-skilled workers and ______ the number of unemployed workers.
Business
1 answer:
olga55 [171]3 years ago
5 0

Answer:

Decrease; Increase

Explanation:

When there is a decline in the marginal productivity of low skilled workers, it results in a decline or decrease in the demand for low skilled workers. Marginal productivity is the extra output gained from adding one unit of labour. Thus, if low skilled workers are added to increase marginal productivity, but then reaches the point of decline, the demand or the need for those low skilled workers reduces. The reduction or decrease in the demand for these low skilled workers then lead to an increase in number of unemployed workers as those unskilled workers becomes jobless.

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Answer:

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Explanation:

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where;

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replacing;

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Step 1: Write down formula for variance

Variance=∑(Xi-X)²/n-1

where;

Xi=term in data set

X=sample mean

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Step 2: write down each data set

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Step 3: Subtract the mean from each data set

Take the absolute value of each data

X1-X=8-12.8=-4.8

X2-X=15-12.8=2.2

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X5-X=21-12.8=8.2

Step 4: Square each result and sum

∑(Xi-X)²=4.8²+2.2²+6.2²+18.2²+8.2²=464.8

Step 5: Divide by n-1

n=number of data points=5

n-1=5-1=4

∑(Xi-X)²/n-1=464.8/4=116.2

The variance of the company's returns=116.2

c). Standard deviation=√variance=√116.2

Standard deviation=10.78

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