Total variable cost at 7100=7100(590730/7000)=599169fixed cost=372750total cost=599169+372750=971919
Answer: A trade war happens when one country retaliates against another by raising import tariffs or placing other restrictions on the other country's imports.
Explanation:
<span>The mechanism, process, or means by which buyers and sellers are brought together.</span>
Answer:
Both equilibrium wage and equilibrium quantity of labor employed are expected to increase.
Explanation:
Increase in average education level means there are more skilled workers. High-skilled labors often take the production of high-level products/services internationally or create new products/services. The value of output will increase, technical know-how and capital will accumulate.
That creates more work for lowe-skilled labor and incrase their productivity (imagine having better machine to clean the office of a new business of a group of young founders)
Increased productivity and more work to be done will increase both wage and employment.
Its true lol ......................................
