Answer:
This means that the equilibrium wage rate and employment will be determined by the intersection of the horizontal labour supply curve, and the downward sloping MRP (D) curve. The wage rate is determined by the whole market, and this sets the wage rate for all firms in the market.
Explanation:
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20 pages in one night times 3 nights = 60. 60 pages times 3 problems per page is 180 problems.
20*3=60
60*3=180
Answer:
Reshoring.
Explanation:
Reshoring is the process of returning the production and manufacturing of goods back to the company's original country. Reshoring is also known as onshoring, inshoring or backshoring.
Answer:
Correct option is (c)
Explanation:
Progressive tax rate depends upon the income of the individual. In other words, progressive tax rate increases as income increases. So, higher income group have to pay more taxes as compared to lower income group.
Proportion of tax collected from high income group is more in case of progressive tax rates. In this case, Blade's tax rate is 10% that is 5,000/50,000 and Caden's tax rate is 12% that is 12,000/100,000.
So, tax rate is higher for Caden as compared to rate applicable on Blade's income.
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