Answer:
Neoclassic economists believe that both wages and prices are sticky (hard to change) only int he short run. In the long run, both prices and wages will adjust to new economic conditions.
In this particular case, neoclassic economists will predict that even though wages are starting to rise, in the long run the equilibrium wage will be higher.
Long run and short run are economic concepts that do not refer to a given time period, e.g. long term in accounting means more than 1 year, but long run in economics may take years to come.
Long run refers to the amount of time it takes for an economic variable to adjust to economic changes.
If Canada's increase in labor costs is paired with an increase in productivity (usually new technologies), then the economy should be able to grow since private consumption and investment will increase due to higher wages.
Explanation:
Answer:
reviews from reliable sources
Explanation:
you want to make sure that what you are buying is a good make and model and that others have not had issues with the car
Answer:
Variable cost per unit= $0.5
Explanation:
<u>To calculate the variable and fixed costs under the high-low method, we need to use the following formulas:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (5,420 - 2,925) / (8,870 - 3,880)
Variable cost per unit= $0.5
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 5,420 - (0.5*8,870)
Fixed costs= $985
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 2,925 - (0.5*3,880)
Fixed costs= $985
Had to look for the options and here is my answer:
When we say Free-Market capitalism, this means that this kind of market system has their own individual decisions and are not controlled by the government. Therefore, the one that fits the blank above is this answer: <span>the right to freedom of competition. Hope this helps.</span>
Answer:<em> False</em>
Explanation:
The statement given in the question is false.
The correct statement is given as, "For risk episodes moderately within project horizon, resolution planning and strategies include working with clients to re-prioritize cost, itinerary, opportunity or quality and therefore precisely heightens problems."