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ipn [44]
3 years ago
11

If the market wage decreases from 30 ($/hr) to 20 ($/hr), what is the decrease inthe net benefit achieved from working in the ec

onomy? Can you distinguishbetween two factors at work?
Business
2 answers:
igomit [66]3 years ago
8 0

Answer:

Please see below

Explanation:

A. Decreasing the wage rate leads to an increase in the quantity of labor demanded. Which leads to increased production and ultimately can lead to an increase in a firm's profit if other factors are left constant.

B. The two factors at work is demand and supply.

NARA [144]3 years ago
5 0

Answer:

Market Wage Rate is the point where total quantity of labor demanded by firms in that market  is equivalent to the quantity of labor supplied in a labor market .

A rise in the wage rate increases the costs of production, hence, firms will raise their selling prices. As the selling prices of the product increases, consumers purchasing power will also reduce and less output will be sold. This implies that less labour will be demanded.

labour more expensive relative to capital when there is a rise in wages makes , firms will prefer to substitute capital for labour. Therefore, less labour will required for production.

The market wage rate which is the wage that the firm actually pays their workers , and it is determined by the  force of market demand and market supply of labor.

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One of the advantages of a c corporation is ease of formation true or false
ziro4ka [17]

Answer:

true

Explanation:

A corporation is a  form of business that gives room for seprate , legal entity but it is usually guided by some group of intelectuals referred to as board of directors. The corporation structure is the most advantageous way to kick start a business because it is  the corporation operates as a separate entity.

Corporation has all the legal rights of an individual except some little limitations on  right to voting and some other little limitations.

5 0
3 years ago
Jonathan is applying for a new credit card. His credit rating is average. Which APR should he expect after the introductory peri
Nadusha1986 [10]

Answer:

10.99

Explanation:

8 0
3 years ago
ABC Manufacturing has total fixed costs of $460,000. A unit of product sells for $20 and variable costs per unit are $11. Prepar
labwork [276]

Answer:

Net Income (Loss) = $440,000

Explanation:

Total Fixed Cost = $460000

Total Variable Cost =  $11 * 100,000 unit =  $1100000

Total Revenue = $20 * 100,ooo unit = $2000000

Contribution Margin =  TR- TVC = ($200,000 - $1,100,000)  = -$900,000

Net Income = Contribution margin - Total Fixed cost

Net Income (Loss) = $900,000 - $460,000

= $440,000

3 0
3 years ago
Bringing products and services to consumers in the u.s. that were previously available only in other countries is an advantage o
Nataly [62]

Bringing products and services to consumers in the u.s. that were previously available only in other countries is an advantage of: international trade.

<h3>What is meant by international trade?</h3>

This is the term that is used to refer to the trade that is carried out between two different nations.

It is when the nations are able to engage in buying and selling the goods that they have in their home countries and taking the ones that they do not have from other countries.

Hence we can say that bringing products and services to consumers in the u.s. that were previously available only in other countries is an advantage of: international trade.

Read more on international trade here: brainly.com/question/15115779

#SPJ1

8 0
2 years ago
For 2012 Fielder Corporation reported net income of $30,000; net sales $400,000; and average share outstanding 12,000. There wer
jonny [76]

Answer:

$2.50

Explanation:

The Earnings Per Share of a company is determined by using the formula:

EPS= (Net Income of the Company - Dividend to Preferred Shareholders) ÷ Average Outstanding Shares of the Company

Since there is no dividend to preferred shareholders

EPS= Net Income of the Company - ÷ Average Outstanding Shares of the Company

=30000 ÷ 12000

=$2.50

5 0
3 years ago
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