Workforce ________ exists when at one end of the labor market, there has been strong demand for low-skilled, low-paying jobs in
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The definition of market equilibrium states that the quantity of labor demanded by employers will equal the quantity supplied at an equilibrium wage.
<h3>What is an equilibrium?</h3>The point at which the forces of demand and supply are equal from both the sides, and there is an expression of a perfect competition in the market, such point is known as an equilibrium.
Hence, option B holds true regarding equilibrium.
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The Adams Manufacturing has allocated its total overhead costs by a sum of $17,200, which is over-applied.
<h3>What are overhead costs?</h3>The expenses or costs, which are incurred by a business, which are completely unrelated to the production or manufacturing of the firm's goods or services, are known as overhead costs. They are indirect costs.
The computation of the overhead costs will be as follows,
Hence, option E holds true regarding the overhead costs.
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