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3 years ago

If Anderson works 37 hours each week as a clerk at the county courthouse, he is supplying labor in an

Business

1 answer:

Romashka [77]3 years ago

6 0

<u>Answers:</u>

1. If Anderson works 37 hours each week as a clerk at the county courthouse, he is supplying labor in an input market. Anderson is considered as household.

2. If Mei Lin purchases a 3-week Mediterranean cruise vacation for her parents, the cruise ship company is supplying a service in the output market.

3. The cruise ship company is considered as firm.

4. If Caterpillar doubles employment at its Huntsville, Alabama factory, Caterpillar is demanding labor in the input market.

5. Caterpillar is considered a firm.

6. If the Greyson family sells their 250-acre ranch to Marriott, so Marriot can build a new resort and golf course, the Greyson family is supplying land in an input market.

7. The Greyson family is considered household.

<u>Explanation:</u>

Households provide the demand for the goods and services in the market. Households also provide inputs to the firms in the form of labor. The households earn wages through supply of labor to the labor market. Firm is any business organisation that sells goods or services to make profits. Firms take labor as input from the households. Firms supply goods and services for the households.

Input means taking things into firm while output means giving out a product or service to households.

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To an economist, an increase in demand means the same thing as an increase in quantity demanded.

Morgarella [4.7K]

<span>This is false. An increase in demand is more major than an increase in quantity demanded. Quantity demand refers to the demand of a product at a particular price and is only a movement on the demand curve. An increase in demand would cause the demand curve to shift which is more major than a movement and it encompasses the entire relationship between price and demand.</span>

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3 years ago

Keenan owns a retail store. He often receives payments from some of his manufacturers to ensure their products are placed in the

Serjik [45]

Answer: Slotting allowances

Explanation:

The slotting allowances is the term which is used to charge by the manufacturers for the specific products and the services ion the market. It is also known as the slotting fee and the charged allowances is specifically varies or depend upon the specific products and the different marketing conditions.

According to the given question, the slotting allowances is refers as the payment that is made by the producers for ensuring their goods and the services best place.

Therefore, Slotting allowances is the correct answer.

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3 years ago

Kendra earns $10 per hour babysitting and $15 per hour providing tech support. Her goal is to save at least $1000 by the end of

UkoKoshka [18]

The fewest number of hours from the graph is 73 hours.

<h3>Equation</h3>

Equation is an expression used to show the relationship between two or more numbers and variables.

Let x represent the number of $10 course and y represent the number of $15 course.

Her goal is to save at least $1000, hence:

10x + 15y ≥ 1000 (1)

Also:

x + y ≤ 80 (2)

The fewest number is (20, 53)

The fewest number of hours from the graph is 73 hours.

Find out more on equation at: brainly.com/question/2972832

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2 years ago

Which of the following is not a type of bank

Pani-rosa [81]

What are choices for this question

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3 years ago

Read 2 more answers

A short forward contract that was negotiated some time ago will expire in 4-month and has a delivery price of $42.25. The curren

padilas [110]

Answer:

the value of the short forward contract is -0.49

Explanation:

the computation of the value of the short forward contract is shown below:

= (Delivery price - current forward price)× e^(risk free interest rate × no of months ÷ total number of months)

= ($42.25 - $42.75)× e^(-7.90% × 4÷12)

= -0.49

Hence, the value of the short forward contract is -0.49

Therefore the same should be considered

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3 years ago

If Anderson works 37 hours each week as a clerk at the county​ courthouse, he is supplying labor in an

If Anderson works 37 hours each week as a clerk at the county courthouse, he is supplying labor in an