Answer:
Explanation:
If workers are free to move between sectors, the wages in each sector will be equal. If wages are not equal, the workers will be motivated to move to sectors with higher wages and this will make a higher salary reduction, and lower wages will increase until they equal.
b. Since there are 100 workers in total,we have:
- Ls =100- Lm = 100 -4w
- Lm = 4w
Now set this equal to the labor demand for manufacturing equation and solve for w:
Substitute w =20 into the two labor demand equations, we have LM = 80 and LS i= 20
c. If the wage in manufacturing is equal to $25 then
d. There are now Ls = 50 workers employed in the service sector and the wage:
<=> 50 = 100 -4Ws
<=> Ws = 12.5
e. Wages in the manufacturing sector will remain at 25 dollars and jobs will remain at 50. If wages are reserved for the service sector is 15 dollars, then jobs in the service sector will be 40. Therefore 10 unemployed and the unemployment rate is 10%.
Answer:
D: $259,000
Explanation:
The computation of the paying amount which borrower can pay for a property is shown below:
= Mortgage loan amount for borrow ÷ loan-to-value ratio
= $220,000 ÷ 85%
= $258,823.53
= $259,000 round off
We simply divide the mortgage loan by the loan to value ratio so that paying amount could arrive which borrower can pay for a property.
The most straightforward way to calculate effective tax rate is to divide the income tax expenses by the income earned before taxes. For example, if a company earned $100,000 and paid $25,000 in taxes, the effective tax rate<span> is equal to 25,000 / 100,000 or 0.25.
I hope my answer has come to your help. God bless and have a nice day ahead!
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Consumer cost is everything the consumer must surrender in order to receive the benefits of owning/using the product.
Customer cost includes the price of a product as well as the expenditures associated with its purchase, use, and aftercare. Purchase expenses are made up of the expenditures associated with product research, information collecting, and information acquisition.
The price of a product is only a small portion of its overall cost to the consumer. The additional costs of delivery, use, and ultimately disposal of the goods fall on the consumer. The overall consumer cost is the sum of these expenses (TCC).
Learn more about Customer cost here
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Answer:
It's A) High school athletes stop shopping there and B) The inventory of sports socks goes unsold
