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Hatshy [7]
3 years ago
5

The real wages of workers will tend to be high when

Business
1 answer:
DIA [1.3K]3 years ago
6 0

Answer:

When labor productivity is high.

Explanation:

According to neoclassical economic theory, real wages are equal to the marginal product of labor (MLP). The marginal product of labor is the extra output produced by one extra unit of labor (one extra worker).

If the MPL is high, this means that workers are very productive, and therefore, are paid a high real wage accordingly.

This is why countries with high labor productivity like the U.S. or Switzerland also have very high real wages.

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Answer:

See explanation section.

Explanation:

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3 years ago
Why might the government or society want the rent policy in place rather than letting the market decide on the price of the good
alekssr [168]

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According to the basic idea of supply and demand, rent control causes housing shortages that lessen the wide variety of low-profit folks who can stay in a town. Even worse, lease manipulation will have a tendency to raise demand for housing — and therefore, rents — in other areas.

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Learn more about Rent control here: brainly.com/question/2423256

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2 years ago
what is the most appropriate closing for a business letter? a. your friend, b. sincerely, c. anxiously, d. take care,
lesya692 [45]
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4 years ago
In order to finance The Shortbread Shack, a mobile bakery business that services several large Silicon Valley companies, Marcy d
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her business plan document

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On December 31, Year 1, Taylor, Inc. signed a binding agreement with a bank for the refinancing of an existing note payable sche
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