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Lady_Fox [76]
3 years ago
9

A given economy consists of markets A and B. All workers are equally skilled and choose jobs based only on wages. Due to an exog

enous reason (say, a government regulation), the outcome is such that in market A the value of the marginal product of labour is $17 and the wage is wA = $22, whereas in market B the value of the marginal product of labour is $15 and the wage is wB = $24. This means that A. efficiency could be improved by reallocating workers from market B to market A. B. efficiency could be improved by reallocating workers from market A to market B. C. full efficiency in this market could be achieved even without reallocating workers between the two markets. D. efficiency could be improved by increasing the wage in market B. E. efficiency cannot be improved because the labour market outcome is fully efficient.
Business
1 answer:
blagie [28]3 years ago
4 0

Answer:C. full efficiency in this market could be achieved even without reallocating workers between the two markets.

Explanation:

The marginal product of labour is the additional value that will be gained from production from employment of additional labour. The Entrepreneur will be willing to employ additional labour if the wages is lower than the marginal productivity and efficiency will only be achieved at that point.

Moving the labour from to market will not achieved efficiency in either market, for the wage rate is higher than the marginal product of labour in both market.

Increasing wage rate will reduce the efficiency and there is need to increase efficiency by making the marginal product of labour to be higher than labour rate.

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Changes in aggregate demand
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Answer:

The correct answer is option B.

Explanation:

The aggregate demand comprises of consumption spending, investment expenditure, government purchases, and net exports. It is a downward-sloping curve which is inversely related to the price level.  

Changes in aggregate demand are caused when there is a change in consumer spending, investment expenditure, government purchases or net exports, or all of them.  

This basically means that aggregate demand is affected by the spending decisions of the​ households, businesses, the​ government, and foreign consumers.

4 0
3 years ago
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Anarel [89]

Please elaborate, I don't quite understand the question. If your asking for the definition it is as follows:

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3 0
3 years ago
A country that believes an imported product is being sold in its market for a price lower than the cost of production for the pr
Marina CMI [18]

Answer:

Antidumping duty

Explanation:

Dumping occurs when manufacturers decides to export products to other countries at prices below their cost of production. This is what is happened in this scenario. In trying to combat dumping, the importing country may impose antidumping duty.

Now antidumping duty involves putting a tariff on imported goods that are believed to be sold at prices lower than production cost. By increasing their tariffs, it is expected that the exporters in turn increases the prices of the goods they are exporting.

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Answer:

Not involved In the production process

Eg. Selling expenses or advertising expenses

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