Option D. If the wage rate should decrease from $17 to $13, the firm is going to expand by a total of 2 workers.
<h3>What is the wage rate?</h3>
This can be defined as the amount of money that is used to pay for labor. The wage rate is the base wage that is paid to a worker at a time based on the unit of work that they have done in an establishment. It is the amount that is paid based on a person's output.
<h3>How to solve for the wage rate</h3>
We have to solve for the expanse in employment by first considering the rate that is to be paid for an extra unit of labor
Hence if the firm should decrease wage rate the number of workers that would be available at 17 dollars = 6 workers
At 13 dollars = 4 workers
Hence the change would be solved as
6 workers - 4 workers
= 2 workers
Hence we have to conclude that the firm would have to expand labor by a total of two workers.
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Answer:
1.25
Explanation:
The production function is correctly sated as follows:
Where, represents marginal product of capital, and represents marginal product of labor.
At the optimal level, we have:
Where, represents price of capital, and price of labor.
Therefore, the optimal capital/labor ratio is 1.25.
Answer:
Prado: $10,000
Nicks: $20,000
Explanation:
when you look at it Prado always gets less then Nicks so you just give Nicks more
Hi Jonathan, thanks for asking a question here.
The four Ms of resources in information systems are manpower, m<span>achinery, materials, and money.
Answer: Letter C </span>✅<span>
</span>Hope that helps! ★ If you have
further questions about this question or need more help, feel free to comment
below or post another question and send the link to me. -UnicornFudge aka Qamar
Answer:
The government should increase the rate of inflation.
Explanation:
In adaptive expectations, agents shape their future expectations based on what has happened in the past. Thus, if the central bank intends to reduce unemployment, it should, for example, institute an active monetary policy. This is because, as the Phillps Curve shows, inflation variation and unemployment are inversely correlated, so decreasing unemployment requires increasing inflation.