Answer:
(B) Demand for XYZ’s Corn = Horizontal ; XYZ’s Labor Demand = Downward Sloping
Explanation:
If Firm XYZ produces and sells corn in a perfectly competitive market and hires its workers in a perfectly competitive labor market, the statement that best describes the demand curve for XYZ's corn and XYZ's demand curve for labor is: Demand for XYZ’s Corn = Horizontal ; XYZ’s Labor Demand = Downward Sloping.
In a perfectly competitive market for commodities, <u>the demand curve is horizontal because demand is equal to average revenue and is also equal to marginal revenue.</u>
However in the perfectly competitive labor market, the case is different because the wage rate is set by the industry not just one firm, and demand for factors of production such as labor has an inverse relationship with the wage rate.
Furthermore, the law diminishing returns affects the demand for labor because as the firm adds more and more worers, the marginal productivity of each will decline. H<u>ence MP (marginal productivity) is less than AP (average productivity) which leads to a downward sloping demand curve</u>
Answer:
$0
Explanation:
Under the new IRS regulations applicable since 2018, meals and entertainment expenses are no longer deductible. Until 2017, businesses could deduct up to 50% of the costs of meals and entertainment. A few exceptions still apply but are very specific (e.g.regarding public charities, or company picnics) but none apply to dinners at a nightclub.
The set it up or the access that one can use to be able to know the log-on procedure and identifies different types of users and also automatically gives them access to the types of resources they need are:
- The use of Discretionary Access Control (DAC)
- Rule-Based Access Control.
- Identity-Based Access Control.
- The use of a a Program where all User Accesses the System is only by an Individual Account:
<h3>What is the Access Control Systems about?</h3>
The use of the Discretionary Access Control (DAC) is known to be one that place some measures of control into the business owner's discretion or hand.
So, The set it up or the access that one can use to be able to know the log-on procedure and identifies different types of users and also automatically gives them access to the types of resources they need are:
- The use of Discretionary Access Control (DAC)
- Rule-Based Access Control.
- Identity-Based Access Control.
Learn more about user access from
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Answer:
Five factors that might demand a particular job receive a higher wage than other jobs and the importance of these factors should be considered while setting the job wages are described below in details.
Explanation:
1. Increased skill collection that improves business profitability
2. Increased knowledge that improves business profitability
3. If you have a good history. If you barter yourself properly, then you can demand.
4. If the business is limited for the business, they will definitely look for unique professional people and pay them well.
5. If the work is pivotal or important to the corporation. There are duties that are born important, also it depends on the character of the corporation.
