Answer:
C) The equilibrium wage decreased.
Explanation:
Marginal product is the change in total production as a result of a one-unit-addition of a factor of production. The equilibrium wage will decrease as the increase in marginal product of the computer programmers causes a subsequent increase in the demand for computer programmers, since employing one more worker brings about an even higher production. The resources available for wages are held constant and have to be shared among the now bigger number of programmers, lowering the wage equilibrium level.
The answer is false because when using or applying highlighting for a review, sixty percent is not marked for a review as effective high lighting is used in order to marked the details that are important in a paragraph in which it does nit cover at least sixty percent of it.
Answer:
Novation.
Explanation:
In this scenario, Shannon and Rene are sisters who enter into a contract to buy an income property. The sisters get into a dispute, and Shannon wants out of the deal. However, their uncle Jerry wants to replace Shannon on the contract. Shannon agrees to the substitution so they go ahead and do it. This is an example of novation.
Novation can be defined as the process or an act of legally replacing a party in a contract with another, adding an obligation to engage or replacing a contractual obligation to perform with another based on the consent of all involved parties.
Answer:
EAR in first case 9.08%
Second case 8.42%
Explanation:
EAR in first case = 1.08 * 1.01 = 9.08%
In second case = 8/(1 - 0.05)= 8.42%
The second case has a higher EAR because the fee and interest rate is higher than in the second case.***
Answer:
Incremental B/C = 0.72
∴ 0.7, East should be constructed
Explanation:
See workings attached