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Ratling [72]
3 years ago
10

The productivity of labor in a firm has decreased due to the recent retirement of many of the firm’s most skilled workers. Assum

ing that the firm is a profit maximizer in a perfectly competitive situation, the firm will:
I. Increase the average wage.
II. Decrease the average wage.
III. Reduce the number of worker-hours it hires.
IV. Hire additional labor.
V. Increase the number of worker-hours it hires.

a. Statement I only.
b. Statement IV only.
c. Statements I and V only.
d. Statements II and III only.
e. Statement V only.
Business
1 answer:
PSYCHO15rus [73]3 years ago
6 0

Answer: The correct answer is "d. Statements II and III only.".

Explanation: Assuming that the firm is a profit maximizer in a perfectly competitive situation, the firm will:

- II. Decrease the average wage.

- III. Reduce the number of worker-hours it hires.

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Answer:

behavioral approach to the study of leadership

Explanation:

In simple words, The behavioral approach is only concerned with what managers do and what they behave. The behavioral approach broadened the science of leadership to encompass the activities of leaders toward followers in diverse settings by moving the study of leadership to leader behaviors. Monitoring and analyzing a leader's movements and behaviors in response to a given circumstance is central to behavioral leadership theory.

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2 years ago
Why should you treat savings as an expense in your budget?
nikitadnepr [17]
Savings are for saving not spending
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3 years ago
Why does an unsecured loan have a higher interest rate than a secured loan?
Tomtit [17]

Answer: A

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Hope this helps!

6 0
2 years ago
In the ______ quadrant of the core competence--market matrix, the focus is on leveraging current core competencies to improve cu
son4ous [18]

The place in the quadrant where there is the focus is on leveraging current core competencies to improve current market position is known as:

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<h3>What is a Market?</h3>

This is a place where buying and selling of goods or services takes place and a currency of value is exchanged.

With this in mind, we can see that in the existing competence--existing market, there is a focus is on leveraging current core competencies to improve current market position.

Read more about markets here:
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3 0
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storchak [24]

The reason loans are not deducted from sticker price even if they are typically offered to you in a financial aid package is that "the net price is actual money that you or any individual will be paying."

This is evident because a net price is the sticker price minus the student's financial aid, scholarships, grants, and other support.

Unlike sticker price, the net price is the college student's amount would eventually pay in his college years.

A sticker price is the whole amount of the annual or session cost of a college education.

Hence, in this case, it is concluded that college students should concentrate more on the net price instead of a sticker price.

Learn more here: brainly.com/question/20635459

3 0
3 years ago
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