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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.

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A home electrical system is joined to the electric company's system at the junction of the
Alenkinab [10]
This is a breeze it is wires
5 0
3 years ago
List four wan technologies that are carried over the pstn.
oee [108]
There is actually a lot of wan technologies that are carried over the pstn. But the first thing we have to do, is to know what does the pstn means. The pstn means Public Switched Telephone Network. Though they have some similarities, the atm and the wan are different machines.
8 0
2 years ago
If the supply of the Aruban florin decreases relative to the U.S. dollar, then the:a. U.S. dollar will appreciate.b. U.S. dollar
devlian [24]

Answer:c

Explanation:

Since there’s a reduction in dollar then they will be a reduction in price thereby increasing demand

7 0
3 years ago
Price ceilings and price floors: a)shift demand and supply curves and therefore have no effect upon the rationing function of pr
mestny [16]

The correct answer is B.

A price floor is a policy established by economic authorities that consists on setting a threshold so that the price of a certain product or service cannot decrease under that. It distorts the market outcome when it is larger than the equilibrium price, because the amount supplied at the price floor level would the larger than the amount demanded by consumers and, hence, there is an excess of supply or surplus. Therefore, <u>the market does not clear because the rationing function of prices has been externally influenced. </u>

A price ceiling is a similar policy established by economic authorities. A threshold is set so that the price of a certain product or service cannot increase over it. It distorts the market outcome when it is smaller than the equilibrium price, because the amount supplied at the price ceiling level would the smaller than the amount demanded by consumers and, hence, there is an excess of demand of shortage. Again, <u>the market does not clear because the rationing function of prices has been externally distorted. </u>

<em>A market clears when the equilibrium is reached and the amount supplied equals the amount demanded, so that the desires of both producers and consumers meet.  </em>

8 0
3 years ago
If A, B, and C are three activities connected with SS and FF (combination) relationships with 2-day lag on the SS relationships
damaskus [11]

Answer:

22 days

Explanation:

number of activities : 3 ( A,B,C)

connected via : SS and FF combination.  days lag on SS and F = 2

Durations : 5,10 and 3

A and B is connected by SS and there is a 2-day lag on the SS connection, this means that B will start 2 days after A have ended

i.e when T = 0 , B will start : 5 +2 = 7 days and end in 17 days

while B and C is connected by FF and there is also a 2-day lag on the FF connection, this means that C will start after B has ended and end in 2 days

i.e when B ends at 17 days ; C starts = 17 + 2 = 19 DAYS

hence the project will end in 19 + 3 = 22 days ( i.e when C ends )

7 0
3 years ago
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