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Lesechka [4]
3 years ago
14

Choose the only point on the graph that shows the equilibrium wage

Business
1 answer:
a_sh-v [17]3 years ago
4 0

We would need to see the graph, but the equilibrium point is where the wage paid is equal to the supply of workers. On a graph, this would be the point where the two lines intersect. That is the point where the supply of people willing to do the job at a certain rate, meets the company's demand for workers and the rate they are willing to pay.

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Both country 1 and country 2 are located on their respective production possibilities frontiers (PPFs) for consumer goods and ca
nikdorinn [45]

Answer:

A) Country 1's PPF lies further to the right than country 2's PPF.

Explanation:

Production Possibility Curve shows the combination of two goods, that an economy can produce - by utilising given resources & technology best efficiently.

If country 1 produces twice the output of both goods compared to country 2. Then, country 1's PPF would lie further to the right than country 2's PPF.  As, more quantities implies rightward shifted PPC, signifying more quantities of goods that can be produced.

Efficient or inefficient production leads to production inside or on PPC, doesn't shift PPC. Population change is also irrelevant in this case.

7 0
3 years ago
What are the fundamental differences between mutual funds and hedge funds?
Nady [450]
The correct answers are: 

<span>A.)mutual funds are more strictly regulated than hedge funds
</span><span>D.)mutual funds collect money from investors while hedge funds from companies

Mutual funds are investment programs that are funded by shareholders while hedge funds are invested funds from borrowed money. In terms of an investment program, mutual funds are more effective.</span>
6 0
3 years ago
Read 2 more answers
You are the Economic Consultant for Zuku Farms Ghana Limited. Zuku produces cowpea in a community
Eva8 [605]

The answer and explanation to part 1 is given in the attachment.

Note:

Also, The complete part a question is attached.

4 0
3 years ago
The Federal Reserve conducts a $15 million open-market purchase of government bonds. If the required reserve ratio is 20 percent
Soloha48 [4]

Answer:

$200 million

$30 million

Explanation:

When the requiredreserce ratio is 15 percent or 0.15 , then the money multiplier is (1 / required reserve ratio) or (1/0.15 = 0.67)

Now, change in money supply = money multiplier * open market purchase of government bonds.

Here , the Federal Reserve a $30 million open market purchase Of govemment bonds.

As a result of this;

Money Supply increases by (6.7 * $30 million) = $200 million.

This is the maximum amount the money supply could Increase.

Now, if the bank holds. $30 million as excess reserves, then money supply could increase by as much as $30 million. This is the smallest amount themoney supply could increase.

So, If the required reserve ratio is 15 percent the largest possible increase in the money supply that could result is $200 million- and the smallest possible increase is $30 million.

8 0
3 years ago
Select the correct answers. At which stage of the product life cycle does a product reach its peak in terms of sales and profits
Ostrovityanka [42]

Answer:

D. maturity

Explanation:

A product life cycle is divided into four, namely, introduction,  growth, maturity, and decline. The concept of the product life's cycle is used as a decision-making tool to help management know when to expand to new markets, increase advertising, adjust prices, or redesign a product.

The maturity cycle is the third stage of a product life cycle. At this stage, sales revenues and sale volume reach the peak. The market get saturated with very few new customers. The product growth becomes stagnant. Profits may begin to decline at this stage.

3 0
2 years ago
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