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
Reika [66]
3 years ago
9

Suppose that due to a severe drought in Texas, 100,000 farmers relocate from Texas to Louisiana. Assuming that land and labor ar

e complements in a farming production function, what would happen to the wages earned by workers and the rents earned by landowners in Louisiana
Business
1 answer:
artcher [175]3 years ago
4 0

Answer:

Wages would decrease because the quantity of labor supply increases. The rent earned by Louisiana landowners will increase because the quantity demanded for land will increase.

The law of supply and demand prevails:

  1. Wages: when the quantity supplied increases without an increase in the quantity demanded, the price will fall.
  2. Rent: when the quantity demanded increases without an increase in the quantity supplied, the price will rise.

You might be interested in
In a town's general fund operating budget for the year, the amount of its estimated revenues exceeded the amount of its appropri
kaheart [24]

This excess should be credited to Budgetary Fund Balance Unassigned.

<h3>What is Fund Balance?</h3>

Any specific fund's fund balance is basically what is left over after the fund's assets are used to pay its liabilities. Both the reserved and unreserved portions of the fund balance must be disclosed.

<h3>What is Unassigned Fund Balance?</h3>

The term "unassigned fund balance" refers to the balance that remains after non-spendable, restricted, committed, and assigned funds have been deducted from the total amount. It contains all spendable monies that are not included in the other classes. That's not a very simple explanation.

Therefore, perhaps the simplest approach to considering the unassigned fund balance is the amount of money available to stop a cash flow problem.

Therefore, in a town's general fund operating budget for the year, the number of its estimated revenues exceeded the number of its appropriations. This excess should be credited to Budgetary Fund Balance Unassigned.

For more information on Budgetary Funds, refer to the link:

brainly.com/question/16033301

#SPJ4

5 0
1 year ago
Hiromi congratulated her staff when the team received an industry award for their project, and also sent a companywide e-mail an
olga_2 [115]

Answer:

Reward power

Explanation:

Hiromi used reward power here the reward is "intangible reward". She praised and recognized the achievement of her staff team so the reward is intangible.

7 0
3 years ago
Abby, Bobbi, and Deborah each buy ice cream and paperback novels to enjoy on hot summer days. Ice cream costs $5 per gallon, and
umka2103 [35]

Answer:

b. The slope of the budget constraint is the same for each woman.

Explanation:

Budget Line is the combination of two goods that a consumer can buy, given prices & money income (all spent).

Equation : p1x1 + p2x2 = m ;

where p1 & p2 are price of good 1 & 2 , x1 & x2 are quantities of good 1 & good 2 , m = money income  

  • Abby's Budget Line : 5I + 8N = 80
  • Bobbi's Budget Line : 5I + 8N = 60
  • Deborah's Budget Line : 5I + 8N = 40 [ I = Icecream, N = Novel ]  

Slope of Budget Line represents change (sacrifise) of a good needed to get change (gain) of other good, given same prices & income.

Slope = ΔY/ΔX = Px / Py

Since prices are same for each woman, price ratios & hence the slope of budget line will also be same for all of them.

3 0
3 years ago
What is it meant by economies of scale?
joja [24]
Economies of scale refers to the cost advantage that emerges or become visible with higher or improved output of a product. There is an inverse relationship between the quantity proposed and per unit fixed costs therefore, if the product or good is produced in large or high quanity the per unit fixed cost goes down because it can already be shared with other large number of goods. There are two types of economics of sale, the internal and of course the external.
8 0
3 years ago
How do you evaluate success?
White raven [17]
Success is subjective. For some, success is their income, for others it is the size of their house, for some it is what car they own, for some it is what kind of family life they have, for some it could be how happy they feel on a daily basis (basically if they are happy or not), etc. Success for a person may depend on their dreams and goals.

For a Business, success could be either maximizing profits, or maximizing sales, or maximizing customer satisfaction, or maximizing shareholder/owner satisfaction, or maximizing employee satisfaction, etc. Success for a Business depends on its corporate objectives.
3 0
3 years ago
Read 2 more answers
Other questions:
  • When you buy stock are you guaranteed profit?
    6·1 answer
  • Please help me!! What is a good?
    14·2 answers
  • Offshore Oil Exploration Partners (OOEP) has entered into a cooperative strategy with Malay Petroleum. The resulting documents a
    14·1 answer
  • E-mail and Internet marketing campaigns allow you to make the most of limited advertising dollars while reaching a great number
    6·1 answer
  • A general rule to help detect pseudoscience is to: a. be highly skeptical of scientific assertions that rely on vague evidence.
    13·1 answer
  • If a price is too high to clear the market, that means
    13·2 answers
  • During May, Carolan Corporation transferred $59,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of
    12·1 answer
  • Webster's Words has a printing press which they are not using at the present time. In fact, they have not used this equipment fo
    14·1 answer
  • PLS HELP ME <br><br> the subject is economics
    9·1 answer
  • If an increase in the price of good e leads to a large decrease in the demand for good f, what is the relationship between the t
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!