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Marina86 [1]
4 years ago
12

Can you determine the net effect of increases in both workers' wages and workers' productivity? How could you look at the econom

y and determine which (if either) of the two effects dominates the other, ceteris paribus?
Business
1 answer:
lozanna [386]4 years ago
7 0

Answer:

Increase in wages of workers shift the curve to the left whereas the increase in workers productivity shift the curve to the right.

Explanation:

Aggregate supply (AS) is the aggregate supply of services and goods which is produced within the economy at a stated price level in the given period.

So, if increase the wages of the worker means increase in the input prices which lead to the shift of the AS to the left side and increase in the productivity of the workers lead to shift of AS towards right side.

The increase in wages would cause the AS curve to shift leftward and the increase in workers productivity would cause AS curve to shift rightward. So, basically it depends or grounded on which factor outweighs another leaving the net effect in-determinant.

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Continuing from Problem 1, at the end of the first year, Chemtec is expecting sales of $250 million and costs of $125 million. T
Tanzania [10]

Answer:

Free cash for first year is $98.75

Explanation:

Sales =                                  $250 million

Less: Costs =                        $125 million

Less: Depreciation =            <u>$50 million</u>

Earning before Tax =           $75 million

Less: Tax 35% (75 x 35%) = <u>$26.25 million</u>

Net Income =                        <u>$ 48.75 million</u>

Free cash flow = Net Income + Non cash Expenses - Increase in working capital - Capital Expenditure

Free cash flow = 48.75 million + 50 million - 0 - 0

Free cash flow = 98.75 million

3 0
4 years ago
Ben Lieber is a waiter at Harbor House, where he receives a weekly wage of $80 plus tips for a 40-hour workweek. Lieber's weekly
Dmitriy789 [7]

Answer:

$290

Explanation:

Fair labour standards act is a Federal law that specifies minimum wage, overtime pay eligibility, child labour standards, and record keeping which affects employees of both private and government institutions.

The Fair labour standards act state that the minimum wage an employee should collect per hour is $7.25.

So for a 40 hour week the minimum wage for Ben Lieber is 7.25* 40= $290

Provisions for FLSA include minimum wage payment, exemption from overtime, minimum wage for workers that provide companionship services, and exemption for worker that do computer related jobs.

4 0
3 years ago
A city starts a solid waste landfill that it expects to fill to capacity gradually over a 20-year period. At the end of the firs
Zolol [24]

Answer:

1- B. Expense will be $140,000 and liability will be $250,000

2- d. $250,000

3- d. $250,000

Explanation:

The expense will be $140,000 which is calculated by year 1 and year 2 percent filled. The calculation is as follows:

Year 2 liability : $1,000,000 * 25% = $250,000

Year 1 liability : $1,000,000 * 11% = $110,000

Year 2 expense = $140,000.

5 0
3 years ago
Non price determinants are held _____ for any given demand curve
Korvikt [17]
<span>Non price determinants are held constant for any given demand curve.
</span>Changes in nonprice determinants of demand that affect the opportunity cost or benefits of buying a good<span> cause shifts in the demand curve.</span>
6 0
4 years ago
A blogger regularly posts comments on the blogs or websites of fellow bloggers. which data type is suitable for posting comments
netineya [11]

The memo data type is suitable for posting comments. The Boolean data type can be used to rate blogs using the Like or Dislike option.


3 0
3 years ago
Read 2 more answers
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