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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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On February 2, 2016, the Farmer Corporation issued 9,000 shares of no-par stock for $17 per share. Within two hours of the issue
hichkok12 [17]

Answer:

D. 189,000 = NA + 189,000 NA - NA = NA 189,000 FA

Explanation:

The accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity. This may be expressed mathematically as

Assets = Liabilities + Equity

While assets include fixed assets, cash, inventories, account receivables etc, liabilities include accounts payable, loans payable, accrued expenses etc.

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

When 9,000 shares of no-par stock issued for $17 per share increases to $21, this means that the additional amount

= ($21 - $17) × 9000

= $36,000

Amount to be collected from the issue

= $21 × 9000

= $189,000

This will result in an increase in cash and an increase in owners equity (the respective debits and credits).

5 0
3 years ago
Muddy's bakery and lily's sweet shop both sell cupcakes. the market price of one chocolate cupcake is $2.50. muddy's is willing
defon

The total producer surplus for the two firms is : $1.60

($2.50 - $1.65) + ($2.50 - $1.75) = $1.60

6 0
4 years ago
Read 2 more answers
Suppose that the risk-free rates in the United States and in Canada are 5% and 3%, respectively. The spot exchange rate between
Yuri [45]

Answer:

The futures price of the C$ should be 0.82/C$.

Explanation:

Let:

rUS = Risk-free rates in the United States = 5%

rC = Risk-free rates in Canada = 3%

S = Spot exchange rate = $0.80/C$

Since the rUS is greater than rC, we have:

Future price of C$ = S + ((rUS -rC) * S) = 0.80 + ((5% - 3%) * 0.80) = 0.80 + (2% * 0.80) = 0.80 + 0.016 = 0.816, or 0.82

Therefore, the futures price of the C$ should be 0.82/C$.

4 0
3 years ago
When products and services are produced or provided, which function is responsible for ensuring that those products and services
Anvisha [2.4K]

Answer:

The function that is responsible for ensuring that those products and services meet high quality standards are the OPERATIONS

Explanation:

Operations management is the business function which is responsible for managing the process of creation and coordination of goods and services. It involves planning, organizing, coordinating and controlling all the resources needed to produce a company goods and services. And it also ensures that products and services meet high quality standards.

5 0
4 years ago
Assume a certain firm regards the number of workers it employs as variable but regards the size of its factory as fixed. This as
Wittaler [7]

Answer: a. in the short run but not in the long run

Explanation:

The Short Run is usually considered in Economics/ Business as a point in time where at least ONE factor of production is FIXED. This factor is usually the Factory because it is hard to change the capacity of a Factory in the Short run. For instance a wing might need to be constructed. Labour on the other hand is considered variable in the Short run though because more people can be hired and the people already hired can put in more overtime.

The Long Run is classified as a point where EVERY factor of production is Variable. There is enough time to even change the capacity of a Factory. So here even Factory is Variable.

5 0
3 years ago
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