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Basile [38]
3 years ago
14

Considering the following labor markets. A slightly different feature of labor markets is that employees are the suppliers of la

bor and firms are the demanders of labor. Assuming an identical inward shift of the demand curve, which market will cause a higher level of unemployment due to the demand shift, as measured by the number of jobs lost due to the demand shift (not the absolute number of jobs)? Note: We are assuming we are in an industry with market power. While this is not necessarily the best assumption for a labor market, it is reasonable in the presence of a strong labor union.

Business
1 answer:
scoundrel [369]3 years ago
7 0

Answer:

i added the graph of both markets as an attachment

The answer is market B or 2. This market a higher level of unemployment.

When elasticity of supply increases, we have it that the suppliers would have greater market power.

In market B, we have it that the elasticity of supply is bigger than that if A. This means that the supplier has more market power in this market than in market A.

Since the elasticity us greater in this market, then we would have change in unemployment due to a fall in demand to be more here than in A.

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_______ is best described as the difference between the value a consumer attaches to a good or service and what he or she paid f
zysi [14]

Consumer Surplus

This is the difference between what consumers are willing and able to pay and what they actually do pay. You may be willing to spend up to $100 on a new pair of shoes but if you find the perfect pair on sale for $20 you will buy those and there will be an $80 surplus.

5 0
3 years ago
Microhard has issued a bond with the following characteristics:
Aleks [24]

Answer:

At Yield to maturity = 11%

Price = $1,000

Explanation:

As for the provided information we have:

Par value = $1,000

Interest each year = $1,000 \times 11% = $110

Effective interest rate semiannually = 11%/2 = 5.5% = 0.055

Since it is paid semiannually, interest for each single payment = $110 \times 0.5 = $55 for each payment.

Time = 8 years, again for this since payments are semi annual, effective duration = 16

Price of the bond = C \times \frac{(1 - \frac{1}{(1+i^n)}) }{i} + \frac{M}{(1 + i)^n}

Here, C = Coupon payment = $55

i = 0.055

n = Time period = 16

M = Maturity value = Par value = $1,000

Therefore, if yield to maturity = 11% then,

P = 55 \times \frac{1 - \frac{1}{(1 + 0.055)^1^6} }{0.55} + \frac{1,000}{(1 + 0.55)^1^6}

= $1,000

7 0
3 years ago
Gabriella and Juanita form Luster Corporation. Gabriella transfers cash of $50,000 for 50 shares of stock, while Juanita transfe
hodyreva [135]

Answer:

c. Neither Gabriella nor Juanita will recognize gain on the transfer.

Explanation:

This is because gabriella transfers cash of 50,000 and does not earn any gain on it, so no gain is recognized.

4 0
2 years ago
Selzik Company makes super-premium cake mixes that go through two processing departments—Blending and Packaging. The following a
solmaris [256]

Answer:

Please see answers below

Explanation:

We know that ;

Beginning work WIP 10,000

Units started 170,000

a. Ending WIP 20,000

Material 100% complete = 20,000 EU

Conversion 100% complete = 8,000 EU

b. Units completed = 160,000

Units started and completed = 150,000

Beginning WIP costs;

Materials cost $8,500

Conversion cost $4,900

Costs added during the period;

Materials cost $139,400

Conversion cost $244,200

Equivalent units for July;

EU for materials = 170,000

EU for conversion = 7,000 + 150,000 + 8,000 = 165,000

Costs per EU:

Materials = $139,400 / 170,000 = $0.82 per EU

Conversion = $244,200 / 165,000 = $1.48 per EU

c. Total costs;

Ending WIP = [20,000 × $0.82] + [8,000 × $1.48] = $28,240

Units transferred out = [$383,600 - $28,240] + $8,500 + $4,900 = $368,760

d. Therefore,

Costs to be accounted for ;

Beginning work in process $13,400

Cost added $383,600

Total costs to be accounted for $397,000

Also,

Costs account ted for are as follow

Units transferred out $368,760

Ending WIP $28,240

Total costs accounted for $397,000

5 0
3 years ago
The emergency banking relief act helped solve the banking crisis by
max2010maxim [7]

Answer:

providing banks that the government deemed as "sound financial footings" an operating license.

Explanation:

The emergency banking relief act helped solve the banking crisis by providing banks that the government deemed as "sound financial footings" an operating license. This allowed the banks to reopen and continue business as well as providing the public with ease of mind and allowing them to slowly rebuild their trust on towards the banking system.

If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
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