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eimsori [14]
3 years ago
5

Millions of people from Mexico have migrated to the United States. This has reduced the supply of labor in Mexico and increased

the supply of labor in the United States. Assume that the demand for labor in Mexico and the United States is unchanged. Then wages in the United States​ ________ and wages in Mexico​ ________.

Business
1 answer:
frutty [35]3 years ago
8 0

Answer:

Wages in US would decrease

Wages in Mexico would increase

Explanation:

The increase in the supply of labour in the US while demand remains unchanged would lead to an excess of supply over demand. This would cause equilibrium wage to fall and quantity to rise.

While in the US, the supply of labour would fall. This would increase wage.

I hope my answer helps you

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Check My Work (1 remaining) Fraud detection is an important element of minimizing losses from fraud, and it is important that fr
Alexandra [31]
<h2>True. The early detection of fraud avoids greater loss.</h2>

Explanation:

The early detection of fraud needs to be done for the following reason:

  • Fraud will continue if not found earlier and thus leads to greater loss
  • The fraud team is not widen before huge loss happens
  • Easy to recover
  • Possibility of finding the loop holes even if it is from external sources
  • Detects weakness in the internal control and eradicate and make the system secure
  • Avoid huge loss and threats
  • To gain profits
  • To keep up the name of the organization
  • To bring business and to retain customers

4 0
3 years ago
You plan to retire in 19 years. At the point of retirement, you want to be able to withdraw 32,877 at the end of each year forev
xz_007 [3.2K]

Since no any further contributions will be made to the retirement fund, the amount you need today is $172,014.

<h3>Calculation of Present Value and Present Value of a Perpetuity</h3>

The first step is to calculate the present value (PV) of the contribution at the point of retirement in 19 years using the formula for calculating the present value (PV) of perpetuity as follows:

PV in 19 years = CF / R ............................................. (1)

Where;

PV in 19 years = Present value (PV) of the contribution at the point of retirement in 19 years = ?

CF = Cash flow or yearly expected withdrawal = $32,877

R = Rate of return after retirement = 5.02%, or 0.0502

Substituting the values into equation (1), we have:

PV in 19 years = $32,877 / 0.0502 = $654,920.3187251

The amount you need today can be calculated using the present value formula as follows:

PV = FV / (1 + r)^n ……………………………………………. (2)

Where;

PV = Present value or the amount you need today = ?

FV = Future value or PV in 19 years = $654,920.3187251

r = rate of return prior to retirement = 7.29%, or 0.0729

n = number of years = 19

Substituting the values into equation (2), we have:

PV = $654,920.3187251 / (1 + 0.0729)^19 = $654,920.3187251 / 3.80737505803714 =  $172,013.607470218

Rounding to the nearest dollar, we have:

PV = $172,014

Therefore, the amount you need today is $172,014.

Learn more about present value here: brainly.com/question/17322936.

3 0
2 years ago
Suppose Russia and Sweden each produce only paper and cars. Russia can produce 8 tons of paper or 4 million cars each year. Swed
azamat

Answer:

Attached grap with point A and B.

Explanation:

Russia will produce the cars as their production has te lower opportunity cost:

(Note: Opportunity cost is the amount of production resigned for the current output)

<u>Sweden pportunity cost for production car: </u>

25 ton of papper / 5 m cars = 5 tons per millon of cars

<u>Russia pportunity cost for production car: </u>

8 ton of papper / 4 m cars = 2 tons per millon of cars

With the trade set at 2 millon car for 6 tons of paper we get the following

Sweden produce 25 tons - 6 traded = 19

and receive 2 millon car

Russia produce 4 millon car - 2 traded = 2

and receive 6 tons of pappers

8 0
3 years ago
10 . What kind of good is it? Determine whether each of the following goods is a private good, a public good, a common resource,
Kipish [7]

Answer:

Common resource

Private Good

Public Good

Explanation:

A common resource would be any limited commodity, including such water or farmland, which offers tangible advantages to consumers but which no one in specific owns or has sole rights to.

Private commodities are items that must be bought in order to be eaten, and one person's consumption forbids another individual from purchasing them.

Public good can contribute to: social interest, an useful that is both non-exclusive and non-rival.

5 0
2 years ago
Goldfarb Company manufactures and sells toasters. Each toaster sells for $24.15 and the variable cost per unit is $16.30. Goldfa
guajiro [1.7K]

Answer:

$7.85

Explanation:

Provided that

Selling price per unit = $24.15

Variable cost per unit = $16.30

Total fixed cost = $25,400

Budgeted sales 8,400 units

The formula to compute the contribution margin per unit is as follows

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $24.15 - $16.30

= $7.85

By deducting the variable cost per unit from the selling price per unit we can find out the contribution margin per unit

3 0
2 years ago
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