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masha68 [24]
2 years ago
6

Use the information in the schedules above to draw this​ economy's production function. Label it. Draw a point to show equilibri

um employment and potential GDP. At the​ full-employment quantity of​ labor, the real wage rate is ​____$ an hour.

Business
1 answer:
algol132 years ago
5 0

Answer:

The information in the schedules can be found on this link:

https://www.google.ch/search?q=%22production+function+and+demand+for+labor+schedules%22&hl=en&tbm=isch&source=iu&ictx=1&fir=Q9NxFXsgg-TLAM%253A%252C3Ii2VLpJgT9QqM%252C_&vet=1&usg=AI4_-kT1RugPPWJXULztRybSitHwqJnmQg&sa=X&ved=2ahUKEwjV-vf__eXmAhUDvVkKHYsSDh8Q9QEwCHoECAoQDA#imgrc=_&vet=1

There is a federal agency in the legislative branch of the US Government that makes economic information available, that agency is <em>"The Congressional Budget Office"</em>, which inspects and breaks down the distribution of income in the country and how it changes over time.

The <em>GDP</em> is the value of goods and services produced in a year; the production function is the relationship between GDP and labor, where <em>labor supply</em> is wage rate and labor hours at such wage rates and the combination of wage rates and labour hours determines the <em>labor demand</em>. With the info provided in the example, the real wage rate would be <em>$2 an hour</em>.

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In a fractional-reserve banking system, an increase in reserve requirements
lidiya [134]

Answer:

B. Decreases both the money multiplier and the money supply

Explanation:

An increase in reserve requirement decreases the amount of excess reserves in the banking system. This decrease means that there will also be less money for banks to loan out. this will lead to a reduction in money supply. The money multiplier on the other hand is the how a small deposit can result in a greater increase in money supply in the economy. Money multiplier will also decrease in this case. This is how;

Money multiplier = 1 / reserve requirement .

Based on above equation, if reserve requirement goes up, the overall; fraction  will be smaller hence a decrease in money multiplier.

8 0
2 years ago
Employees in engineering and marketing divisions often disagree with each other about how to achieve targets mainly because they
kotegsom [21]

Answer: differentiation

Explanation:

From the question, we are informed that employees in engineering and marketing divisions often disagree with each other about how to achieve targets mainly because they have unique backgrounds, experiences, and training.

The above source of conflict is due to differentiation. The differentiation is as a result of them not working in thesame divisions hence, they see things differently and not in the same way.

6 0
3 years ago
condominiums usually require a monthly fee for various services. at $320 a month, how much would a homeowner pay over a period o
Nataly [62]

$26880 , A condominium is a type of ownership arrangement in which a single building is divided into a number of different units, each of which is separately owned, and which are surrounded by jointly held common areas.

<h3>What is condominiums?</h3>

A condominium is a type of ownership arrangement in which a single building is divided into a number of different units, each of which is separately owned, and which are surrounded by jointly held common areas. The phrase can be used to describe both the entire structure or complex and each individual unit therein.

320*12=3840

3840*7=$26880

A condo, often known as a condominium, is a type of housing or residential complex that consists of distinct units, each of which is owned by a different person. A condo is rented directly from the condominium owner when it is rented.

Ownership is the main distinction between a condo and an apartment. Apartments are characterized as rented homes, frequently found in larger residential buildings. Condos are similar to apartments in structure and are typically apartments within larger residential buildings, but condos are owned rather than rented.

To learn more about condominium refer to:

brainly.com/question/1167654

#SPJ4

8 0
9 months ago
Chestelle Corporation, a sports equipment manufacturing company, borrows a considerable sum of money as loan from GRJ Bank, a pr
Ymorist [56]

Answer:

Long term liability

Explanation:

Long term liability is defined as the amount of money a business owes that is due above a year. It is liabilities that do not affect the current liquidity of the business and its ability to do business.

In this scenario Chestelle Corporation has borrowed a large amount of money that is due in 4 years. It is due in over a year so it is a long term liability.

Long term liabilities are usually used to purchase capital assets or to make long term investment

3 0
3 years ago
Read 2 more answers
Which of the following would an economist classify as capital? Group of answer choices lawyer's computer. $50 bill. 100 shares o
snow_tiger [21]

Answer:

lawyer's computer.

Explanation:

For the economist a stock is capital that can earn income or good that person holds and can sold for a particular price.

In this case the lawyer's computer is a good that the lawyer owns and can be exchanged for money. Also the lawyer can use the computer to help treat court cases thereby earning income.

8 0
3 years ago
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