Answer:
d. above the equilibrium level, causing a surplus of labor.
Explanation:
Market wage equilibrium refers to the ideal wage rate where the labor supply and demand curves intersect. At equilibrium wage, the benefits derived from an extra worker equals the cost associated with the additional worker.
The efficiency wage theory advocates for higher wages to motivate employees to increase production. Minimum wage laws and trades unions negotiate for higher wages above the equilibrium rate. Trade unions will fight to keep the maximum number of employees or their members in employment.
Answer:
Account receivable and revenue account
Explanation:
Since it is given that
The service was performed on the account so the journal entry to record this transaction is shown below:
Account receivable A/c Dr $200
To Service revenue A/c $200
(Being the service is performed recorded)
Both accounts are increases that means the account receivable and the service revenue is increased for $200 each
In the models that describe population growth, r stands for<em> </em><span><em>per capita population growth rate</em></span>
Answer: Enablers
Explanation:
Years ago, 54 leadership experts from 38 countries reached a consensus on leadership.
They agreed that leadership should be about influencing, motivating, and enabling others to contribute towards the goals of the Organization that they work for.
This consensus had 2 parts.
Firstly, leaders motivate others through persuasion and otherinfluence tactics.
Secondly and relatively more important in this question, leaders act as ENABLERS.
They ENABLE those under them by distributing resources, minimizing disruptions and just generally by being leaders to their subordinates to make it easier for the goals and objectives of the company to be realized.
Answer:
2 hours of labor
Explanation:
Labor is hired up to a point where the marginal product of labor * Price of the output = wage of the worker.
Thus, 35 * 10 = 350.
35 widgets are produced using 2 hours of labor.
