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d1i1m1o1n [39]
3 years ago
12

A change in the relative price of one good versus another will cause a change in marginal product and the allocation of labor re

sources. When the price of good A increases relative to the price of good B and labor is mobile, the equilibrium real wage in industry A will:
Business
1 answer:
kakasveta [241]3 years ago
4 0

Answer:

The correct answer is: increase relative to Industry B.

Explanation:

The marginal revenue product measures the conribution of each additional unit of input employed in the production process. It is calculated as the product of price of product and marginal product of input.

The profit maximizing level of wage is when the marginal revenue product of labor is equal to wages.

Suppose there are two goods, A and B respectively.

When the price of good A increases relative to good B, the marginal revenue product of labor employed in production of good B will increase as well.

This will cause the wage rate of those workers to increase in comparison to workers in industry B.

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Westfall Industries began 2018 with accounts​ receivable, inventory, and prepaid expenses totaling $ 50 comma 000 and its total
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Answer:

The cash flows from operating activities for 2018 is $99,000.

Explanation:

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Statement of cash flows (extract)

Net income                                                 $81,000

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       Depreciation expense                           8,000

       Decrease in current asset                     2,000

       Increase in current liabilities                  4,000

Cash flows from operating activities      $99,000

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3 years ago
The Employee Theft coverage of the ISO commercial crime program: a. requires that individual employees be specifically named. b.
anastassius [24]

Answer:

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