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Masteriza [31]
3 years ago
5

Businesses employ workers from city neighborhoods and rural areas. These workers are perfect substitutes and cannot relocate in

the short run. The government offers businesses a wage subsidy if they hire workers from city neighborhoods. What is the effect of the subsidy on the wage rate of rural workers and on the total hours they work?
Business
1 answer:
madreJ [45]3 years ago
8 0

Answer:

This subsidy would decrease the rural workers' wages since it also decreases the wage of workers from city neighborhoods and both workers are perfect labor substitutes. Therefore, the total hours worked by rural workers would also decrease, since the wage is the price of labor, and when a price decreases, its supply decreases.

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What is the key concern of engineering economics? Question 2 options: Costs and revenues in engineering decisions accrue over pe
jok3333 [9.3K]

Answer:

The correct answer is letter "A": Costs and revenues in engineering decisions accrue over periods of years.

Explanation:

Engineering Economics is a field that allows managers to make decisions effectively thanks to the application of engineering techniques to economics. Those approaches are mainly associates with cost allocation determining if a company is assigning expenses efficiently at the point of being able to save money after conducting its operations given a determined period.

8 0
3 years ago
A 10 percent three-year wage increase is provided as a 2 percent increase in the first year, 3 percent in the second year, and 5
Ivahew [28]

Answer:

Back-loaded

Explanation:

A back-loaded contract can be defined as a contractual arrangement between two or more parties, in which higher costs are levied or higher benefits are accrued to a project towards the end of its term (duration) as against lower costs or benefits at its beginning.

This ultimately implies that, a back-loaded contract allows lower wage adjustment in the first year with a consequent higher increase towards the end of a contract.

In this scenario, a 10 percent three-year wage increase is provided as a 2 percent increase in the first year, 3 percent in the second year, and 5 percent in the third year. This is an example of a back-loaded contract.

8 0
3 years ago
Joelle wants to have an emergency fund to cover 6 months of her expenses. Her monthly gross pay is $4,000 and her monthly expens
algol [13]

Answer:

30 months

Explanation:

expenses is 2000 and she wants to save for 6 months of them so 2000x6= 12000 10% of 4000 is 400 so we divide 400 into 12000 and get the awnser 30 months

4 0
2 years ago
The marginal external cost associated with air pollution increases with the annual output of a polluting industry. At the curren
Georgia [21]

Answer:

The answer is "Option c".

Explanation:

The Marginal external cost, owing only to the production of an extra unit of goods or services, is the cost changes for persons besides the producer or buyer of goods or services. In this, question the  "option c" is right in, this regard because it needs a correction tax of less than $10 per unit of production.

3 0
3 years ago
Marwick Corporation issues 8%, 5-year bonds with a par value of $1,100,000 and semiannual interest payments. On the issue date,
Nina [5.8K]

Answer: $1,193,838.80

Explanation:

The price of a bond is the sum of the present value of the coupon payments and the face value at maturity.

= Present value of coupon payments + Present value of face value at maturity

First adjust the variables for semi-annual:

Number of periods = 5 * 2 = 10 semi annual periods

Coupon payment = 8% * 1,100,000 * 1/2 years = $44,000

Yield = 6% / 2 = 3%

Present value of coupon payments:

The coupon payments are constant so are an annuity:

= Annuity * Present value of an annuity factor, 10 periods, 3%

= 44,000 * 8.5302

= $375,328.80

Present value of face value

= 1,100,000 * Present value of 1, 3%, 10 periods

= 1,100,000 * 0.7441

= $818,510

Selling price:

= 375,328.80 + 818,510

= $1,193,838.80

8 0
2 years ago
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