<span>A. According to the neoclassical theory, technical progress that increases the marginal product of farmers causes their real wage to rise.
B. The real wage in (a) is measured in terms of farm goods. That is, if the nominal wage is in dollars, then the real wage is W/PF, where PF is the dollar price of farm goods.
C. If the marginal productivity of barbers is unchanged, the their real wage is unchaged.
D. The real wage in (c) is measured in terms of haircuts. That is, if the nominal wage is in dollars, then the real wage is W/PH, where PH is the dollar price of a hair-cut.
E. If workers can move freely between being farmers and being barbers, then they must be paid the same wage W in each sector.
F. If the nominal wage W is the same in both sectors, but the real wage in terms of farm goods is greater than the real wage in terms of haircuts, then the price of haircuts must have risen relative to the price of farm goods.</span>
<span>The error is called a comma split. That is because the two clauses are connected with a comma without a conjunction and this is ungrammatical. You should either turn them into two sentences, or add a conjunction, or turn the comma into a semi-colon. This way you would correct the error.</span>
Answer:
Life is hard because life needs to know if you're willing to fight. Willing to be strong when life is 'hard'. The second that you prove yourself with one challenge, another challenge show's up. Don't let life get you down. Be grateful for all you have. Live as if it's your last day. :>
Explanation:
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Answer:
a decrease in assets and a decrease in equity.
Explanation:
With regards to the above, cost of goods sold refers to the cost of a product either to a retailer or a producer. Higher cost of goods sold means that little profit is made by a company and vice versa. It is known to be a business expense, hence expenses are usually debited thus reduces equity, while a credited inventory decreases assets because as money is taken out of the business, it's assets decreases.
It therefore means that a debited cost of goods sold decreases equity, while a credited inventory decreases asset.