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sweet [91]
4 years ago
5

Consider the labor market for computer programmers, which is in equilibrium. During the late 1990s, the value of the marginal pr

oduct of all computer programmers increased dramatically.
Holding all else equal, what effect did this process have on the equilibrium wage in the labor market for computer programmers?

a) The equilibrium wage did not change.
b) It is not possible to determine the equilibrium wage.
c) The equilibrium wage decreased.
d) The equilibrium wage increased.
Business
1 answer:
11Alexandr11 [23.1K]4 years ago
3 0

Answer:

C) The equilibrium wage decreased.

Explanation:

Marginal product is the change in total production as a result of a one-unit-addition of a factor of production. The equilibrium wage will decrease as the increase in marginal product of the computer programmers causes a subsequent increase in the demand for computer programmers, since employing one more worker brings about an even higher production. The resources available for wages are held constant and have to be shared among the now bigger number of programmers, lowering the wage equilibrium level.

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If a college sets its tuition __________ the equilibrium tuition, then it will have to use some form of nonprice-rationing devic
ValentinkaMS [17]

Answer:

below

Explanation:

<h2><u>Multiple choice </u></h2>

If a college sets its tuition<u> below</u>  the equilibrium tuition, then it will have to use some form of non price-rationing device to determine who will be accepted for admission to the college.

3 0
3 years ago
Hernandez Corporation expects to have the following data during the coming year. What is Hernandez's expected ROE
Dafna11 [192]

Answer:

13.56%

Explanation:

For the computation of return in equity first we need to follow some steps which are shown below:-

D/A = Debt ÷ Total assets

Debt = $200,000 × 65%

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Interest expense = $130,000 × 8%

= $10,400

Total assets = Total liabilities + Total equity

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= $70,000

Net income = (EBIT - Interest expense) × (1 - Tax rate)

= ($25,000 - $10,400) × (1 - 0.35)

= $9,490

ROE = Net income ÷ Equity

= $9,490 ÷ $70,000

= 13.56%

3 0
3 years ago
Select each of the factors you should consider when selecting a savings account.
Nady [450]
I would say all of them, only because you want to make sure that you're choosing the best account overall.  My best guess, if that's not the answer, which it should be, would to be to look and see from your text, if it specifically mentions that any of these are not a part of a savings account.  Nowadays, they all can be.  It depends what bank you go to.  But in Business classes, it might show that you a savings can't have one or more of these.  For example, you usually see APR on other types of accounts.  Not always savings. But for your grade level, and argument sake, I'd say all. 
8 0
3 years ago
If the Board of Governors of the Federal Reserve increases the reserve requirement then the money supply will decline. True Fals
Umnica [9.8K]

Answer:

i think the answer is true please let me know if it is incorrect

Explanation:

5 0
3 years ago
Elise works in New York and developed a geothermal project that was opening in Atlanta. She noticed the project is due next week
Tatiana [17]

Answer: stress management and willingness to travel

Explanation:

Based on the scenario described in the question, Option A and C are both wrong as she doesn't need mechanical knowledge. Mechanical knowledge has to do with one's ability to be able to understand and use tools. She also doesn't need customer service as she isn't attending to customers or anyone.

Since she had to quickly go to Atlanta to put the finishing touches on the project, what she needs is her ability to manage stress and also her willingness to travel.

5 0
3 years ago
Read 2 more answers
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