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lesya [120]
3 years ago
5

In the labor market, the supply curve represents A) the workers and the demand curve represents the product of the labor. B) the

supply of workers, and the demand curve is the demand for their labor. C) the firms in the labor market and the demand curve is the labor seeking work. D) the supply of product produced by labor and the demand curve the consumer demand.
Business
1 answer:
fgiga [73]3 years ago
7 0

Answer:

The answer is: B) the supply of workers, and the demand curve is the demand for their labor.

Explanation:

In the labor market;

The supply curve represents the amount of labor that the workers are willing to offer at different price levels (wages).

The demand curve represents the number of workers that businesses are willing and able to hire at different wages.

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Answer:

Explanation:

There are primarily two types of costs, i.e. variable costs and the fixed costs. The variable cost is the cost which changes when the level of production changes, whereas the fixed cost is the cost which remains constant whether the level of output changes or not.

The variable costs also include indirect products, indirect labor and manufacturing equipment, and the fixed costs include taxes and depreciation costs.

The period cost is that cost which is related to the selling and admin expenses plus it is not capitalized.

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So, the categorization is shown below:

1. Hamburger buns in a Wendy's outlet. = variable and product cost

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5. Insurance on a Bausch & Lomb factory producing contact lenses. = fixed and product cost

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Answer:

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