An upward-sloping labor supply curve implies that Group of answer choices a firm can always hire more workers, even without incr
easing the wage. more workers are willing work when wages are low. more workers are willing to work as the market wage increases. there is a continuously increasing demand for labor. the labor supply is fixed.
1 answer:
Answer:
more workers are willing to work as the market wage increases.
Explanation:
IF the labour supply curve is upward sloping, its that means there is a positive relationship between wages and labour supply. The higher the wages, the higher the number of workers willing to work. The lower the wages, the lower the number of workers willing to work
Please check the attached image for a upward sloping labour supply curve
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Answer:
break even rate = $31000
ultra break even point = $62000
Explanation:
given data
total fixed costs = $1,612,000
solution
WE FIND HERE FIRST contribution margin that is
contribution margin for regular per unit = $20 - $8
contribution margin = $12
and
contribution margin for ultra = $24 - $ 4
contribution margin for ultra = $20
so if 1 unit of regular is sold
2 unit of ultra will sold here
so
contribution margin is here
contribution margin = ( $12 × 1 )+ ( $12 × 2 )
contribution margin = $52
and
break even point at commposite rate = total fix cost ÷ contribution margin rate at commposite rate
so
break even rate =
break even rate = $31000
and
ultra break even point = 31000 × 2
ultra break even point = $62000