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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(n) _____ typically addresses contributions to government officials and political parties, customer and supplier relations, con
tekilochka [14]

Answer: Code of ethics

Explanation:

The code of ethics is one of the principle in an organization that helps in guiding the various types of core values and the standards of the firm for making the various types of decisions.

The main purpose of the code of ethics is that it helps in providing the various types of ethical guideline to the members of a organization for providing the various types of core values. It is one of the type of document that helps in outline the main mission and also the core values of an organization.  

 According to the given question, the code of ethics is typically addressing the contribution to the various types of government officials, record the customers and the supplier relations accurately.

 Therefore, Code of ethics is the correct answer.            

3 0
3 years ago
Suppose the price elasticity of demand is relatively elastic and the price elasticity of supply is relatively inelastic in a spe
Rzqust [24]

Answer:

c. producers

Explanation:

Since it is given in the question that the price elasticity of demand is relatively elastic but the price elastic of supply is relatively inelastic but if the excise tax is imposed on the goods so the greater burden of the tax would be on the producers as the supply is inelastic so the producers could not changed much but if we compare to the consumers, the consumer could change the demand more than before due to the elastic in demand.

So, the correct option is c.  

7 0
3 years ago
Which of the following 2 goods would most likely experience the law of increasing opportunity cost?
inn [45]
The correct answer would be A
8 0
3 years ago
Read 2 more answers
George Jefferson established a trust fund that will provide $170,500 per year in scholarships. The trust fund earns an annual re
Dimas [21]

Answer:

$8,119,048

Explanation:

Given that,

Amount of scholarships = $170,500 per year

Trust fund earns an annual rate of return = 2.1 percent

Let x be the amount contribute to the fund and assuming that only income is distributed,

2.1% of x = Amount of scholarships

0.021x =  $170,500

x = $170,500 ÷ 0.021

  = $8,119,048

Therefore, the amount of money that is contributed by the George Jefferson to the trust is $8,119,048.

4 0
3 years ago
Why are europeans smarter about their own countries governments than we Americans are about ours?
a_sh-v [17]
Well that's not really a question. More of an opinion.
5 0
3 years ago
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