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
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.

You might be interested in
Leiff goes online to buy a new video game. He finds a site that currently has a promotion of 15% off on all orders over $50. Lei
rjkz [21]

Answer:

......................

Explanation:

4 0
3 years ago
Read 2 more answers
During June, Buttrey Corporation incurred $72,000 of direct labor costs and $12,000 of indirect labor costs. The journal entry t
romanna [79]

The correct question is:

During June, Buttrey Corporation incurred $67,000 of direct labor costs and $7,000 of indirect labor costs. The journal entry to record the accrual of these wages would include a:

A)debit to Work in Process of $67,000B)credit to Work in Process of $74,000C)debit to Work in Process of $74,000D)credit to Work in Process of $67,

Answer:

a. debit to Work in Process of $67,000

Explanation:

Labour costs are made up of direct labour cost and indirect labour costs.

An addition of these two items results in amount of money the company will pay as wages to worked (labour).

In the given scenario we will then add direct and indirect labour cost to get wages to be paid.

Wage = 72,000 + 12,000 = $84,000

Wages is credited when raising journal entry

Direct labour will be classified under work in process (that is $72,000)

While indirect labour is manufacturing overhead $12,000)

Work in process and manufacturing overhead are debited when raising journal entry

So one of the entries will be a debit to Work in Process of $67,000

7 0
2 years ago
If you need help with one of the math applications, where would you look?
ruslelena [56]
Math appendix! Hope I helped!!
5 0
3 years ago
Suppose that $ 5 000 is invested at 3.9 % annual interest​ rate, compounded monthly. How much money will be in the account in​ (
BlackZzzverrR [31]

Answer:

(A) $5,131.5

(B) $12,729.5

Explanation:

The interest earned on the value of interest earned before is the compounded interest. Compounding is the reinvestment of the amount earned before and take return over it too.

As per given data

Invested amount = $5,000

Interest rate = 3.9%

Interest is compounded monthly

Monthly rate = 3.9% / 12 = 0.325%

Formula for the accumulated amount of investment

A = P ( 1 + r )^n

Accumulated Money when $5,000 is

(A) Invested for 8 months

A =  $5,000 ( 1 + 0.325% ) ^8

A = $5,131.5

(b) Invested for 24 years or 288 months (24 x 12)

A =  $5,000 ( 1 + 0.325% ) ^288

A = $12,729.5

4 0
3 years ago
Read 2 more answers
A country with a relatively low level of real GDP per person is considering adopting two policies to promote economic growth.The
IceJOKER [234]

Answer:

The correct answer is the letter d. Neither the first nor the second.

Explanation:

GDP (gross domestic product) growth is influenced by various factors, consumption, investment, technology, external sector, etc. The policy of restricting foreign trade by placing barriers to trade has reduced GDP as it burdens one of the drivers of economic growth, for example by reducing exports to the rest of the world and thus GDP. Similarly, restricting foreign portfolio investment contributes to non-GDP growth, as foreign investments play an important role in increasing companies' capitalization, helping them to make more investments. Therefore, both economic policies are wrong.

4 0
3 years ago
Other questions:
  • When valuing a stock using the constant-growth model, d1 represents the?
    10·1 answer
  • You’re a career counselor for Tim, an air conditioner unit installer who is depressed because he sees his career as going nowher
    6·1 answer
  • Florida law states that a vessel operator involved in an accident must report the accident if property damage exceeds what amoun
    9·1 answer
  • Which type of bank account is most likely to pay you interest on the money in the account?
    12·1 answer
  • In the old south, hovland and sears found that as the economy grew worse, the number of lynchings of black men increased. this i
    9·1 answer
  • A researcher sends a link to an internet based survey to every student at their university and encourages each to send the link
    13·1 answer
  • BRAINLIEST !!what are your thoughts on Sam and Bud Walton?
    7·1 answer
  • Define futures contract.​
    10·1 answer
  • Vaughn Manufacturing assigned $1606000 of accounts receivable to Cullumber Company as security for a loan of $1342000. Cullumber
    12·1 answer
  • Ked what would you do if one of the customers began making off-color jokes that other customers in the bar could hear? rosario m
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!