Answer:
All workers have equal ability and can be trained to do different types of employment at minimum cost. Workers can move from one labor market to another at zero cost. All workers must have a bachelor's degree.
Explanation:
In the conventional perfectly competitive model of the labor market, wage-setting is individualistic in the sense that identical workers should receive identical wages in different firms and different workers should receive different wages in the same firm.
Answer: $13,050
Explanation:
The Cash collected from receivables can be calculated by;
= Beginning Accounts Receivable + Sales revenue - Receivables written off - Ending Accounts Receivable
= 2,800 + 14,000 - 150 - 3,600
= $13,050
Answer:
Absolute value of the price elasticity of demand = 6.8 (ELASTIC)
Explanation:
<em>(See attached)</em>
Their average wholesale price can be said to be competitive if it is below the all-company average wholesale price in that geographic region.
<h3>When is a price considered competitive?</h3>
- It means that the price is better than others in the market for a certain good or services.
- It is lower than the average price offered by other sellers.
The company is therefore charging a lower than average price which is why it is competitive with others because they will be forced to lower prices to maintain sales.
In conclusion, option A is correct.
Find out more on markets that allow competitive pricing at brainly.com/question/24877850.