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natima [27]
3 years ago
9

firm uses both labor and machines in production. Explain why an increase in the average wage rate causes both a movement along t

he demand curve and a shift of the demand curve. An increase in the average wage causes a movement
Business
1 answer:
lara31 [8.8K]3 years ago
4 0

Answer:

The answer is explained below

Explanation:

When a firm increases the average wage rate, the firm would employ fewer workers causing a movement up along the demand curve and a shift to the left of the labor demand curve. As wage increase, the firm production will reduce because of a decrease in number of staffs, the causes the number of machines needed for production to reduce causing the marginal product of labor to shift to the left. The labor demand is further reduced, the firm then employ less labor at a higher wage.

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The stock went down 4.8%

Rate of Change of a stock is (New price - old price/ old price) *100

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3 years ago
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On November 1, 2021, Aviation Training Corp. borrows $46,000 cash from Community Savings and Loan. Aviation Training signs a thr
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Answer:

<u>Record the issuance of note. </u>

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Cr.   Note Payable     46000

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* At the year end the interest expense is accrued and recorded as interest payable.

4 0
3 years ago
According to the United Nations' stages of economic development for classifying countries with respect to levels of industrializ
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