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raketka [301]
3 years ago
10

How is the labour market different from other markets

Business
1 answer:
yan [13]3 years ago
8 0

Answer:      The labor market works much like other markets. There are buyers and sellers and they interact to determine a price. ... In the labor market, firms demand labor and individuals such as you and I supply that labor. Employers demand labor because workers are an important part of the production process.

You might be interested in
Jobs in which of the following fields require an understanding of the investment environment? I. commercial banking II. corporat
uranmaximum [27]

Answer:

All of them:

  • I. commercial banking
  • II. corporate finance
  • III. financial planning
  • IV. insurance

Explanation:

People who work in commercial banks regularly deal with clients that need money to start a new business or expand an existing one, not all businesses are huge corporations that only go to large investment banks.

Anyone that works in finance must understand the investment environment, since the core task of finance is dealing with the value of money and time.

Insurance companies also deal with financial issues and investments.

7 0
3 years ago
What do you expect the level of implied demand uncertainty to be for jasmine rice produced by Thailand at a supermarket? Explain
Tju [1.3M]

Answer:

Implied demand uncertainly resulting uncertainty for the supply chain given the portion of the demand, the supply chain must handle & attributes the customer desires.

Explanation:

Implied demand uncertainly resulting uncertainty for the supply chain given the portion of the demand, the supply chain must handle & attributes the customer desires.

  1. It is related to customer needs & product attributes.
  2. The level of implied demand uncertainly of jasmine rice is low, because the demand& supply of jasmine rice is predictable
  3. The jasmine rice has low contribute margin, accurate demand forecasts, low stock out rates and virtually no markdown.
  4. These characteristics match well with Fisher’s chart of characteristics for product with highly certain demand.
4 0
4 years ago
Mr. Sweet opened a candy store. He rented a building for $30,000 a year. During the first year of operation, Sweet paid $40,000
MrMuchimi

Answer:

$20,000

Explanation:

Calculation for Sweet's economic profit

First step is to calculate the Explicit Costs

Using this formula

Explicit Costs = Rent on building +Payment of Salary to employees + Utilities + Goods bought

Let plug in the formula

Explicit Costs = ($30,000)+ ($40,000) + ($20,000) +($10,000)

Explicit Costs =$100,000

Last step is to calculate Sweet's economic profit

Using this formula

Economic profit = Total Revenue – (Explicit Costs + Implicit Costs)

Let plug in the morning

Economic profit = $135,000 - $100,000 - $15,000

Economic profit= $20,000

Therefore Sweet's economic profit will be $20,000

4 0
3 years ago
Which of the following agricultural programs will result in the smallest deadweight loss assuming farmers receive the same level
Vedmedyk [2.9K]

Answer:

C, Paying money to farmers directly

Explanation:

Deadweight loss is defined as a loss in the economic efficiency that occurs when the market equilibrium for a good or service is not met/acheived/attained.

It can also be called excess burden or inefficiency of allocations.

From the question, the smallest dead weight loss will be to pay money directly to farmers as this will try to create almost an equilibrium for the goods produced by the farmers. Paying money directly to farmers will also ensure that the prices of goods and services are agreeable and of benefit to both the farmers, consumers/buyers and the government as well.

Cheers.

4 0
3 years ago
What is the admirals feast for red lobster
jekas [21]

Answer:

Admiral's Feast Tuesday—Red Lobster's take on a classic fish fry. Enjoy Walt's Favorite Shrimp, bay scallops, clam strips and wild-caught flounder—all fried until perfectly crisp and golden

Explanation:

8 0
4 years ago
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