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Margaret [11]
3 years ago
14

Suppose there is an increase in the average education level of the population. You would expect the equilibrium wage to increase

and the equilibrium quantity of labor employed to increase . Please answer increase, decrease, or uncertain.
Business
1 answer:
kondor19780726 [428]3 years ago
7 0

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.

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The findings of a recent company survey at Rader Industries showed that employees are experiencing high levels of work stress. T
jenyasd209 [6]

Answer:

B) Employees' workload can be adjusted to accommodate their requests to go on leave.

E) Employees have been working on regular working days of the year

4 0
4 years ago
15 POINTS-!-!-!<br><br>Inflation increases if people spend less or more?
Anarel [89]
Inflation is an increase in prices so the answer would be more
8 0
3 years ago
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Advertising refers to any paid form of personal communication about an organization, product, service, or idea by an identified
Zanzabum

Answer:

<em>any paid form of non-personal communication about an organization, product, service, or idea by an identified sponsor.</em>

Explanation:

Yes, it is very true that in advertising of a product or something, we have to pay and it is not a personal communication as well, it just advertises and promotes a particular thing which it is paid for and it also provide services to its customers who post their advertisement, and it is platform where new ideas are been generated by the sponsor of that particular advertisement.

6 0
3 years ago
In the long run, assuming that the owner of a firm in a competitive industry has positive opportunity costs, she a. should exit
icang [17]

Answer:

 c. will earn zero economic profits but positive accounting profits.

Explanation:

In a competitive industry, there are many buyers and sellers of homogenous goods and services. There are also low barriers to entry and exit of firms. In the short run, if a firm is earning economic profit, new firms enter into the industry and drive economic profit to zero. Thus, in the long run, a firm only earns accounting profit.

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Economic profit is accounting profit less implicit cost or opportunity cost.

I hope my answer helps you

3 0
4 years ago
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Economies of scale:
gregori [183]

Answer:

are achieved when a firm reduces its average cost of production as it produces more. 

Explanation:

Economies of scale is reduction in the average cost as production increases due to the large size of the firm which makes it more efficient.

It is large firms that enjoy economies of scale.

Economies of scale can be achieved by buying supplies in large quantities. When firms buy in large quantities, they enjoy discounts which reduces their average cost. This is a form of internal economies of scale.

I hope my answer helps you.

5 0
3 years ago
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