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Novay_Z [31]
4 years ago
4

With a decrease in the price of labor the imperfectly competitive producer is likely to hire ________ labor than a competitive f

irm because the price of a product drops with increases in output.
Business
1 answer:
Andreyy894 years ago
5 0

Answer:

less

Explanation:

In an imperfect competitive market there are heterogeneous, that is dissimilar products in the market.

So when the producer comes to know that the price of labor is decreased, that is cost of production is decreased, the, since there is no perfect competition the price of the product would also decrease and there will not be any extra benefit. Thus, the producer would be willing to have less labor engaged.

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kherson [118]

Answer:

C. eat more pizza and spend less on pizza than he did before the price decrease.

Explanation:

The inelastic means that when the elasticity is less than one

Since the demand for pizza is inelastic and the price of pizza decreases that would result in an increase in the quantity demanded of pizza.

Though the price of pizza decreases, the Pablo spend less than before as the price and the quantity demanded has an inverse relationship.

4 0
4 years ago
The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input the
cluponka [151]

Answer:

True

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Financial statements reports the impact of all business transactions that occur. These transaction are recorded when they incur and then any necessary adjustment is made in order to reflect the true expense or liability. the adjusting entries are passed to correctly record the transaction.

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3 years ago
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8 0
4 years ago
________ refers to the propensity for a product to perform consistently over its useful design life.
mario62 [17]

Answer:

CONFORMANT reders to the propensity fir a product to perform consistently iver its useful design life

3 0
3 years ago
After submitting a résumé electronically, how long should you wait before following up with an employer?
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Maybe it depends on when their interviews ends
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