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3 years ago

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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At December 31, 2017, Sager Co. had 1,200,000 shares of common stock outstanding. In addition, Sager had 450,000 shares of prefe

AnnZ [28]

Answer: $3.49

Explanation:

Diluted earnings per share = $\frac{Net Income}{Outstanding Common Stock + Convertible shares}$

Diluted Earnings per share = $\frac{6,800,000}{1,200,000 + 750,000}$

Diluted Earnings per share = 3.4871

Diluted Earnings per share = $3.49

8 0

4 years ago

Consider a Cobb-Douglas production function with three inputs. K is capital (the number of machines), L is labor (the number of

olga_2 [115]

Based on the above scenario, the production function is Y=K1/3L1/3H1/3.

<h3>What is production function?</h3>

The word production function is known to be an equation that is said to be the one that shows the relationship between the quantities of productive factors (that is labor and capital) that are said to be used and also the number of product that has been obtained.

Note that from the above, the equation that stands for Cobb-Douglas production function with three inputs. K is capital (the number of machines), L is labor, and H is human capital is Y=K1/3L1/3H1/3.

Learn more about production function from

brainly.com/question/25672041

3 0

3 years ago

If a competitive firm can sell a bushel of soybeans for $25 and it has an average variable cost of $24 per bushel and the margin

Liula [17]

Answer: reduce output.

Explanation:

In a competitive market, firms do not have control over the price that they sell their goods in the market but they do have control over their costs. It is recommended to produce/ sell goods at a quantity where Marginal Revenue will equal Marginal cost (MR = MC).

In a Competitive Market, Price is the same as Marginal revenue which means that Marginal revenue here is $25 and the Marginal Cost is $26. At this quantity of output, the Marginal Cost is larger than the Marginal revenue.

Company should therefore reduce output to a quantity where Marginal Cost will equal Marginal revenue.

6 0

3 years ago

What are 3 ways to select an entire document

enyata [817]

Answer:

To select the entire document, you can use any of these

a. CTRL + A

b. Press Shift and highlight all the documents

c. Press SHIFT+RIGHT ARROW

Explanation:

4 0

3 years ago

The financial statements of a company are the primary sources of information that enable us to communicate the financial results

maks197457 [2]

Answer: both internally and externally

Explanation: In simple words, financial statements refers to the group of reports and statements that are prepared by an organisation for communication its financial performance and postilion to its internal and external stakeholders.

It constitutes balance sheet, cash flow statement and income statement etc.

4 0

3 years ago