1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
klasskru [66]
3 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]3 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.

You might be interested in
I wanna know about debit and credit full explanation ​
BigorU [14]

Answer:

Explanation:

A debit is an entry made in an account. It either increases an asset or expense account or decreases equity, liability, or revenue accounts.

A credit is an entry  alsom made in an account. It either increases equity, liability, or revenue accounts or decreases an asset or expense account.

7 0
3 years ago
Read 2 more answers
Data must be converted into information to be considered useful and meaningful for decision-making. There are six characteristic
maria [59]

Answer:

it is representative of the characteristic of

D) reliability.

Explanation:

One of the key issues is the reliability of the decisions made. This is a problem that is often overlooked due to the large increase in the amount of data processed by those systems, forcing designers to focus on the efficiency of the systems.

5 0
3 years ago
The intent of the offeror to extend an offer to the offeree is generally determined by reference to
MArishka [77]

Answer:

The words and conduct of the offeror.

Explanation:

3 0
2 years ago
What is the first thing you should do when a customer requests a sale item once you’ve determined that item is out of stock? Tel
ipn [44]

Answer:

Tell the customer when you store’s next delivery day is and to come back then Issue the customer a raincheck for the item that is out of stock

Explanation:

Customer<em> retention</em> is important as well as <em>meeting their specific needs</em>. It is unwise to turn back a customer and refer them to a competitor, this may mean loss of business (currently and in the future). Also it is unwise to offer a substitute item as this will not meet their needs (though you may want to inform them of the substitute item if they are interested).  Issue the customer a raincheck for the item that is out of stock is the best way to go and keep the business.

7 0
3 years ago
A share of stock is now selling for $155. It will pay a dividend of $6 per share at the end of the year. Its beta is 1. What mus
Hoochie [10]

Answer:

$180

Explanation:

Expected return E(r) = \frac{(D1+ P1 -P0)}{P0}

D1= Next year's dividend

P1 = Next year's price

P0 = Current price

Since the beta is 1, it means this stock's return = market return = 20%

E(r) = \frac{(6+P1-155)}{155}

0.20 = \frac{P1-149}{155}

Multiply both sides by 155

31 = P1-149

Add 149 on both side s to solve for P1;

31+149 = P1

180 = P1

Therefore, the stock will sell at $180

3 0
3 years ago
Other questions:
  • Kapanga Manufacturing Corporation uses a job-order costing system and started the month of October with a zero balance in its wo
    5·1 answer
  • Rent of $1,000 per month is paid for the next twelve months on October 1st, 1988. As a result of this transaction:
    12·1 answer
  • If the working-age population ________ and the labor force does not change, the ________.
    12·1 answer
  • Assume there are only three possible states of nature for the economy in the future: boom, normal, and recession. If there is a
    15·1 answer
  • Adams Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells bet
    5·1 answer
  • The following transactions are July activities of Bennett’s Bowling, Inc. Bennett’s collected $13,100 from customers for games p
    7·1 answer
  • Baker Company owns 15% of the common stock of Charlie Corporation and used the fair-value method to account for this investment.
    15·1 answer
  • Determine the starting current (LRC)
    8·1 answer
  • Which best compares and contrasts Management and Marketing?
    7·1 answer
  • a strategy involves employing essentially the same strategic theme (low-cost, differentiation, focused, best-cost) in all countr
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!