If the wage<span> is free to adjust in response to </span>market<span> forces it </span>will<span> move to We, where the demand for</span>labour<span> equals the </span>supply<span>. When the </span>wage<span> is above We, more </span>labour will<span> be presented for employment than firms in the industry </span>can<span> profitably hire. It </span>will<span> pay workers to lower </span>their wages<span> to obtain employment in the industry.
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Answer:
Initial validation of the business
Explanation:
The proper time to determine a company's business model is following the Initial validation of the business of the business idea and prior to fleshing out the operational details of the firm. This is because without knowing exactly what they company wants to accomplish you cannot create a model/blueprint to try and accomplish that goal, and only once you have the blueprint can you iron out the operational details of the company.
The law of demand implies that consumers will, all other things unchanged, buy more at lower prices.
One of the most fundamental ideas in economics is the law of demand. The law of demand explains how market economies distribute resources and set the prices of goods and services that we see in daily transactions by combining the law of supply. According to the law of demand, the quantity bought varies inversely with the price. In other words, the quantity demanded decreases as the price increases. Because of declining marginal utility, this happens. In other words, consumers utilise the initial units of an economic good they buy to fulfil their most pressing requirements first, and they use the subsequent units to fulfil progressively lower-valued goals.
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Answer:
Interest expense $80
Explanation:
the journal entry to record the issuance of the note:
December 1, 202x, note issued in replacement of account payable
Dr Accounts payable 24,000
Cr Notes payable 24,000
the journal entry to record accrued interests payable is:
December 31, 202x, accrued interests payable
Dr Interest expense 80
Cr Interests payable 80
Interest expense = $24,000 x 4% x 1/12 = $80
In research, a stability means the researcher derives the same conclusion by administering the research instrument repeatedly.
<h3>What is equivalence?</h3>
This refers to the variation of hypothesis tests that is used to draw statistical inferences from observed data.
- It involves when two researchers conducts the same study and using the same research instrument are deriving the same conclusion up to a certain degree.
<h3>What is internal consistency?</h3>
This refers to a measurement that is based on the correlations between different items on the same test.
- Its involves the extent to which different parts of the research instrument measure the same dimension of the study.
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