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lesya692 [45]
3 years ago
9

Long-run classical model from Chapter 3. You must provide properly labeled graphs to get full credit!!!!!!! 3) A) Suppose there

is a permanent increase in the labor force (L). a) What will be the impact on the real wage (W/P) and the real rental price of capital (R/P)
Mathematics
1 answer:
Blababa [14]3 years ago
6 0

Answer:

Below the classical model, economic growth is necessarily achieved because of stability in the wage level. For instance, one case of unemployment predominates at a real wage (W / P)1.

<em>Currently, the excessive labor supply would lower the actual wage level before labor supply equals its demand. Eventually, real wage rates would decline to (W / P)F, whereby aggregate labor demand is perfectly matches by aggregate labor supply.</em>

Only the supply side of the production market for products defines the quantity of output & jobs in the classical model.

<em>As the classical method is supply-determined, it states that equiproportional increases (or declines) will not alter the supply of labor in both the rate of money wage and the price level.</em>

<em />

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Solve the following equaition: (n/3) - 7 = -17​
Margarita [4]

Answer:

n=-30

Step-by-step explanation:

3 0
3 years ago
Three six-sided fair dice are rolled. The six sides of each die are numbered 1; 2; : : : ; 6. Let A be the event that the first
valkas [14]

Answer:

1.) [A, B, C]

2.) [A', B', C']

3.) [A', B, C] or [A, B', C] or [A, B, C'] or [ A', B', C] or [A', B, C'] or [A, B', C'] or [A', B', C']

4.) A', B', C] or [A', B, C'] or [A, B', C'] or [A', B, C] or [A, B', C] or [A, B, C'] or [A, B, C]

Step-by-step explanation:

If A is the event that the first die shows an even number, then A' is the event that first die DOES NOT show an even number.

If B is the event that the Second die shows and even number, then B' is the event that second die DOES NOT show an even number.

If C is the event that the third die shows an even number, then C' is the event that third die DOES NOT show an even number.

Hence, our possible events are A, A', B, B', C, C'.

For question 1, in the event that all three dice show and even number, the expression of the event = [A, B, C]

For question two, in the event that no die shows an even number, the expression of the event = [A', B', C']

For question 3,In the event that at least one die shows an odd number, the expression of the event = [A', B, C] or [A, B', C] or [A, B, C'] or [ A', B', C] or [A', B, C'] or [A, B', C'] or [A', B', C']

For question 4,in the event that at most two dice show odd numbers, the expression of the event = [A', B', C] or [A', B, C'] or [A, B', C'] or [A', B, C] or [A, B', C] or [A, B, C'] or [A, B, C]

6 0
3 years ago
Tony's club is selling oranges to raise money. For every box they sell, they get dollars profit. They have sold 75 boxes already
drek231 [11]

Answer:

Hey....How many dollars do they get as profit? You don't tell us.


Let's use $2

Step-by-step explanation:

75 x $2  =  $150

Now, lets add boxes. + 15

15 times $2 = $30

$150  +  $30  =  $180


Sorry, I probably didn't help you get the answer you wanted, but you didn't provide the materials to answer it. However, you can use what I did to find your answer. Hope this helps!

8 0
3 years ago
Read 2 more answers
Mika and her two best friends are all dressing up as superheroes for Halloween this year. Their costumes are almost ready, but e
Sever21 [200]

Answer:

4yards

Step-by-step explanation:

4ft×3=12ft

1yrd=3ft

12ft÷3ft=4yards

6 0
3 years ago
-7/3y-2/9=1/3 solve for y
uranmaximum [27]

Answer:

y = -12

Step-by-step explanation:

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cross multiple for 1/3:

-21/3y - 6/9 = 1

cross multiply for 3y and 9:

-21 - 6 = 3y + 9

3y + 9 = -27

3y = -36

y = -12

4 0
2 years ago
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