1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natali5045456 [20]
3 years ago
10

Even when competitive firms are unable to calculate marginal revenue product directly, ______________________________ will push

wage rates toward the marginal revenue product of labor.
Business
1 answer:
Alona [7]3 years ago
8 0

Answer:

Even when competitive firms are unable to calculate marginal revenue product directly, <u>competition in the labor market</u> will push wage rates toward the marginal revenue product of labor.

Explanation:

The labor market is made up of employers seeking for labor and employees offering their labor services. The law of supply and demand also applies to this market, when more employers are seeking employees, the price (= salary) will increase.

For example, if many companies are making a  profit and they need more labor, the salaries will rise because the demand is rising.

Also the suppliers, the potential employees, compete against each other for the best possible jobs.

You might be interested in
If goods are sold on terms fob shipping point, the ________.
dsp73
<span>Buyer normally pays the transportation costs</span>
8 0
3 years ago
What does this sign mean?
sergiy2304 [10]

Answer:

Pedestrian : A person who walks on foot rather than in vehicles.

4 0
3 years ago
Honesty is important to rosa. She bought a sandwich that cost $3.50. However the clerk asked her for only $3. What should rosa d
dsp73
Be honest and pay the 50 cents.
3 0
3 years ago
Read 2 more answers
Jeremy has a new client. He has identified a research question that relates to a transaction that the client completed several m
Ilia_Sergeevich [38]

Answer:

Closed facts.

Explanation:

In a situation of close facts the action has already been taken before now, and the researcher is to analyse it and determine best course of action.

On the other hand when there is an open fact situation the action has not taken place yet, and the future action can be influenced to give a favorable result.

For example Jeremy has identified a research question that relates to a transaction that the client completed several months ago. This is a closed fact situation.

5 0
3 years ago
When it is reported that a nation is experiencing a "balance of payments deficit," this is best interpreted to mean that the nat
JulsSmile [24]
<span>When it is reported that a nation is experiencing a "balance of payments deficit," this is best interpreted to mean that the nation is experiencing? If it is reported that the nation is experiencing a balance of payments deific, the country is importing more goods, services and capital than it is exporting. When this happens, the nation has to borrow funds and items from other countries to help pay for what they are importing until the have the cash funds to pay for them, themselves. When this starts the happen, the nation that this is hurting should try and balance their payments and monitor transactions better to eliminate this in the future. </span>
8 0
3 years ago
Read 2 more answers
Other questions:
  • Turbo Technology Corp. recently went public with an initial public offering of 3.03 million shares of stock. The underwriter use
    10·1 answer
  • The ____, an accord among 117 nations, called for lower tariffs around the world. a. European Union Accord b. North American Fre
    7·1 answer
  • 1. In the POW camps of WWII, what did prisoners do with the contents of their Red Cross packages
    5·1 answer
  • The williams family just bought a new van. the cost of the van is $26,857.00. state sales tax is 6% on the cost of the van. in a
    10·1 answer
  • You own a portfolio that has $3,100 invested in Stock A and $4,200 invested in Stock B. Assume the expected returns on these sto
    13·1 answer
  • In 2017, Ozzie purchased a 2014 Ford Escort from his neighbor for his son, purchased a 2013 "one owner" Camry from Larchmont Toy
    13·1 answer
  • The 5 C's of credit include: I. Collateral and Capacity II. Conditions, Capital and Consideration III. Collateral and Credit Sco
    6·1 answer
  • Rough &amp; Ready Timber Company orally contracts with Shawn for the purchase of five acres of Shawn’s timberland. Shawn makes t
    14·2 answers
  • How can we develop desicion making skill on ourselves​
    9·1 answer
  • Because chains are so important in the lodging sector, there's little room for smaller companies like bed-and-breakfasts. true f
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!