1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Eva8 [605]
3 years ago
15

Suppose that workers from northern Minnesota, North Dakota, and Montana decide to emigrate to southern Canada. Refer to Scenario

18-5. In the labor market in the northern United States, the equilibrium wage a. and the equilibrium quantity of labor will rise. b. and the equilibrium quantity of labor will fall. c. will rise, and the equilibrium quantity of labor will fall. d. will fall, and the equilibrium quantity of labor will rise.
Business
2 answers:
irga5000 [103]3 years ago
7 0

Answer:

c. The equilibrium wage will rise, and the equilibrium quantity of labor will fall

Explanation:

Because of the emigration of workers from the Northern Minnesota to Southern Canada, the equilibrium wage rates will rise and quantity of labor will fall.

This happens because the workers that left have already created a vacuum that will be eager to be filled by their employers who will be willing to increase wages for incoming workers to serve two purposes:

1. To entice them to work for the company and fill the vacuum

2. To try to make sure they stay and not leave another vacuum.

The reason the quantity of labour will fall is because of that vacuum created by the departed workers. It's this drop in labor that will make the equilibrium wages to increase.

jekas [21]3 years ago
5 0

Answer:

The correct option is C

Explanation:

The equilibrium market wage rate is at the intersection of the supply and demand for labour. Employees are hired up to the point where the extra cost of hiring an employee is equal to the extra sales revenue from selling their output, while labor market equilibrium is the balanced situation where the supply of potential employees is equal to the demand

You might be interested in
Explain how insurance companies use statistics.
Luda [366]

Answer:

 Statistics is used to determine what risk an insured poses to an insurance company, what percentage of policies is likely to pay out, and how much money a company can expect to pay out in claims

7 0
3 years ago
Susan asked mary to turn up the radio, so mary increased the volume from level 5 to level 7. mary could hear the difference but
den301095 [7]
They differ in their difference threshold. This is being defined when their sensory stimuli is different, making the individual perceive them also, as different. This occurs in the scenario given above for Susan couldn't hear the level 7 volume when Mary could already hear it.
8 0
3 years ago
The leading and the lagging strands differ in that _____.
lesya692 [45]

Answer: Option (C)

Explanation:

The known key difference in between the leading and lagging strand can be described as that leading strand is referred to as DNA strand, that tends to  grows continuously during the process of DNA replication on the other hand  lagging strand is known as DNA strand, which tends to grow discontinuously by formulating the segments referred to as the Okazaki fragments.

3 0
3 years ago
Marketing communicators must be good at ________ messages that take into account how the target audience ________ them.
earnstyle [38]
It seems that you have missed the necessary options for us to answer this question, but anyway, here are the answers to complete it. Marketing communicators must be good at ENCODING messages that take into account how the target audience DECODES <span>them. Hope this answers your question.</span>
5 0
3 years ago
Read 2 more answers
Suppose your expenses for this term are as follows: tuition: $10,000, room and board: $6,000, books and other educational suppli
Triss [41]
Opportunity cost is the loss due to forgoing one opportunity to select another one alternative.

In this case, the forgone alternative is the full-time employment and other expenses for the term when the alternative chosen is to be in school. In this case, room and board expenses remain the same whether in school or working full time and thus not considered. The part-time amount earned while at school is subtracted as it would be compensated be during full time employment.

Therefore;
Opportunity cost = $20,000+$10,000+$1,000-$8,000 = $23,000
6 0
3 years ago
Other questions:
  • The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.7 million in long-term debt, $760,000 in the common stock accoun
    5·1 answer
  • Suppose a state passes a minimum wage law that increases the minimum wage from $5/hour to $20/hour. The equilibrium wage prior t
    10·1 answer
  • Each business unit has marketing and other specialized activities (e.g., finance, manufacturing, or research and development) at
    6·2 answers
  • Marigold Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $371,700. The estimated fair
    7·1 answer
  • Corporation has found that ​% of its sales in any given month are credit​ sales, while the remainder are cash sales. Of the cred
    7·1 answer
  • Jorgensen High Tech Inc. is a calendar-year, accrual-method taxpayer. At the end of year 1, Jorgensen accrued and deducted the f
    5·1 answer
  • Enrollment in a particular class for the last four semesters has been 122, 128, 100, and 155 (listed from oldest to most recent)
    14·1 answer
  • 1. You will receive a Financial Aid Award Letter... *
    6·1 answer
  • At phoenix instruments, claudia pulls six samples an hour from an assembly line to examine them for quality defects. if she find
    8·1 answer
  • Diversification is good for shareholders. So why shouldn't managers acquire firms in different industries to diversify a company
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!