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klasskru [66]
2 years ago
7

As the number of people holding college degrees increases, assuming the demand for college educated labor stays constant, the wa

ges of college educated people would _____.
(A) increase as the supply of college educated labor increases.
(B) increase as the demand for jobs increases.
(C) decrease as the supply of college educated labor increases.
Business
1 answer:
Bond [772]2 years ago
3 0

Answer:

(C) decrease as the supply of college educated labor increases.

Explanation:

Labour Markets: with employees as labour sellers/ suppliers & firms as labour buyers/ demanders ; are at equilibrium where Labour Demand = Labour Supply.

Labour Demand curve is downward sloping because of wage - demand inverse relationship. Labour Supply curve is upward sloping because of wage - supply direct relationship.

An increase in supply of certain labour supply shifts labour supply curve rightwards. This creates excess supply of that labour & competition among sellers (prospective employees) reduces their price i.e wage rates.

Above explanation perfectly explains the case of college degree holders, whose supply increase would lower down their wages.

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A comparable property has a feature that is superior to the subject property. what adjustment would need to be made if you are u
Marysya12 [62]
The adjustment that need to be made is <span>Value of the feature would be subtracted from the sales price of the comparable property in order to determine the worth of the property. without the features,
By doing this, we could determine the true market valuation of the property that being transacted.</span>
7 0
3 years ago
SCREEN SHOT / MAX POINTS / WILL MARK BRAINLIEST Match the term to the definition. mixed economy The method a country uses to ans
Stolb23 [73]

Answer:

Mixed economy - combined elements of the command and market economies

Market economy- The resources are owned and controlled by the people of the country

Economic system - The method a country uses to answer the three economic questions market economy

Traditional economy- Goods and services are produced the way it has always been done

Capitalism- The private ownership of economic resources by individuals, rather than by the government

Command economy- The resources are owned and controlled by the government command economy

3 0
3 years ago
To record purchases on account, Caleigh’s Company uses the perpetual inventory method and the gross method. On September 11, it
vfiekz [6]

Answer:

The company should credited on the Cash account and the Cash Discount Receipt for the settlement of the inventory with 10 days.

Explanation:

The detailed entry will be:

19th Sep

Dr Account Payable               $40,000

Cr Cash                                  $39,200

Cr Cash Discount Receipt    $800

( to record payable settlement and the receipt of cash discount)

Working note: As the company paying with 10 days, the supplier will allow a 2% discount on it net inventory purchase ( 44,000 - 4,000 = $40,000)

Thus, the discount will be 40,000 x 2% = $800 and Cash repayment will be 40,000 x (1-2%) = $39,200.  

7 0
3 years ago
Real GDP is the value of final goods and services produced in a year expressed in the prices of that same year. during a recessi
laila [671]

Answer:

The correct answer is: expressed in the prices of a base year.

Explanation:

Real GDP is an inflation-adjusted measure to calculate changes in economic output. It calculates the value of final goods and services produced in an economy in a year expressed in the prices of a base year.

Real GDP does not include changes in the price of products as it is calculated at constant prices.  

Nominal GDP, on the other hand, is calculated on the basis of current prices. It includes changes in prices and is not inflation-adjusted. That is why real GDP is preferred over nominal GDP.

6 0
2 years ago
What is the margin of safety (in sales) when a business has sales of $485,000, sales of $225,000 at break-even point, and unit s
lilavasa [31]

Answer:

Margin of safety= $260,000

Explanation:

Giving the following information:

Sales= $485,000

Break-even point in dollars= $225,000

<u>To calculate the break-even point in sales dollars, we need to use the following formula:</u>

Margin of safety= (current sales level - break-even point)

Margin of safety= 485,000 - 225,000

Margin of safety= $260,000

5 0
3 years ago
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