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3 years ago

Suppose Congress approves a proposed "temporary worker" program and American firms find

Business

1 answer:

dybincka [34]3 years ago

7 0

Answer:

The market for lettuce would be impacted in three ways: labor supply would increase, meaning that lettuce producers can now hire more workers for a lower price.

This cheaper labor would likely increase supply, because more producers would try to enter the market to take advantage of the cheap workers.

Finally, the lower labor costs, and the higer supply, would reduce the price of lettuce, meaning that consumers will be able to buy more lettuce for less money.

You might be interested in

The share of ________ by the top firms is known as the concentration ratio.

Dominik [7]

The share of markets by the top firms is known as the concentration ratio

4 0

3 years ago

Martina, Inc. has two service departments (Human Resources and Building Maintenance) and two production departments (Machining a

ziro4ka [17]

Answer:

The correct answer is option (b) 44,000

Explanation:

Solution

Given that:

From the question given, the first step to take is to find out how many square feet would the Building Maintenance cost be allocated

Now,

The Square feet over which Building Maintenance cost would be allocated is stated as follows:

The Square feet over which Building Maintenance cost would be allocated = Square Footage of Machining + Square Footage of Assembly = 18000 + 26000

Thus,

=18000 + 26000 = 44,000

6 0

2 years ago

The internal financial statements of Vera Incorporated show that their beaded purses incurred an operating loss in the most rece

brilliants [131]

Answer:

Vera Incorporated

Change in annual operating income from discontinued business:

Annual Operating Income would reduce by $78,000.

Explanation:

a) Calculation of the Net Income Lost:

Loss of Contribution ($99,000)

Avoidable fixed cost $21,000

Reduction of Income ($78,000)

b) The line of purses contributes $80,000 towards the company's fixed cost. Therefore, discontinuing this line of business would lead to the loss of this steam of income. The amount of reduced operating income will be $78,000 ($80,000 - 2,000).

4 0

3 years ago

Suppose that, at an official ticket price of $480, there are 6,000 Justin Timberlake fans wanting to attend his concert, but onl

Nonamiya [84]

Answer:

A. The market clearing price of the tickets is more than $480.

Explanation:

Market-clearing price is a level where the quantity demanded of a product matches or the quantity supplied. At this price, A product or service does not experience any surplus or shortages. It is the price where the demand curve and the supply curve intersect. The market-clearing price is the same as the equilibrium price.

As the price of $480, the demand for the show is at 6000, but supply is at 4000. There is a surplus in demand. The price of $480 is attractive to more people than supply can handle. Matching supply and demand would require the price to be set above the $480.

6 0

3 years ago

Nunavet Ocean Cruises sold an issue of 12-year $1,000 par bonds to build new ships. The bonds pay 4.85% interest, semi-annuall

frez [133]

Answer:

bond market value $660

Explanation:

We need to calculate the present value of the maturity and the cuopon payment using the effective rate of 9.7%

First we do the annuity:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 24.25 (1,000 face value x 4.85 bond rate / 2 )

time 24.00 (12 year 2 payment a year)

rate 0.04850 (current rate divide by 2 to get it annually)

$24.25 \times \frac{1-(1+0.0485)^{-24} }{0.0485} = PV\\$

PV $339.55

Then present value of the maturity

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00 the face value of the bond

time 24.00

rate 0.04850

$\frac{1000}{(1 + 0.0485)^{24} } = PV$

PV 320.89

Finally we add them together:

PV coupon payment $339.5545

PV maturity $320.8910

Total $660.4455

rounding to nearest dollar

bond market value $660

7 0

3 years ago