1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alexandr1967 [171]
2 years ago
7

A. If a wage of $10.25 were to be imposed on this market, such that the market was not longer strictly competitive, what would b

e the value for labor supply?
b. At the imposed wage of $10.25 what would be the value for labor demand?
c. Provide a properly labeled and appropriately articulated Labor Market Model given the labor supply and demand equations provided and the imposed wage of $10.25.
d. Based on the labor market model you’ve now illustrated, how would you describe the current condition of this market given the imposed wage?
Business
1 answer:
enot [183]2 years ago
6 0

Solution :

Given the wage = $ 10.25 that is to be imposed to the market.

Given equation :

L_D = 500 – 45W and L_S = -200 + 25W

If the wage of $10.25 is to be imposed to the market, the value of the labor supply can be found by putting the value of the wage in the labor supply equation.

At W = 10.25

Putting this value in the above equation, the labor supply would be

L_S = -200 + 25W

L_S = -200 + 25(10.25)

     = 56.25

When W = 10.25, the value for the labor demand can be found by :

L_D = 500 – 45W

L_D = 500 – 45(10.25)

L_D = 500 – 461.25

L_D = 38.75

Therefore, the labor demand and the labor supply model is

L_D = 400 - 45 x 10.25

L_S = -200 + 25 x 10.25

You might be interested in
The u.s. government may require that apparel imported into the united states should use u.s. cotton, or use a certain amount of
slavikrds [6]

The u.s. government may require that apparel imported into the united states should use u.s. cotton, or use a certain amount of American labor. this is an example of a Domestic content provision

<h3>What is Domestic content provision?</h3>
  • The Domestic content provision ("BAA," originally found at 41 U.S.C. 10a–10d, now found at 41 U.S.C. 8301–8305), passed by Congress in 1933 and signed by President Hoover on his final day in office (March 3, 1933), mandated that the U.S. government give preference to purchases of goods made in the United States.
  • Similar limitations are imposed by other federal laws on third-party acquisitions made with government money, such as highway, and transportation projects.
  • The "Domestic content provision," which went into effect 50 years after the "Domestic content provision," is not to be mistaken with the former. The latter is 49 U.S.C., 5323 (j), a provision of the Surface Transportation Assistance Act of 1982, and it only applies to procurements linked to mass transit that cost more than $100,000 and were at least partially funded by government funding.

To learn more about Domestic content provision with the given link

brainly.com/question/15869059

#SPJ4

8 0
1 year ago
You expect that Bean Enterprises will have earnings per share of $2 for the coming year. Bean plans to retain all of its earning
Varvara68 [4.7K]

Answer:

C) $27.75

Explanation:

Earnings:

2.00 x 20% = 0.4 (2.00 + 0.40 = 2.40)

2.40 x 20% = 0.48 (2.40 + 0.48 = 2.88)

2.88 x 20% = 0.576 (2.88 + 0.576 = 3.456)

3.46 x 10% = 0.346 (3.46 + 0.346 = 3.806)

3.80 x 10% = 0.38 (3.80 + 0.38 = 4.18)

Dividends:  

3.46 x 50% = 1.73

3.80 x 50 % = 1.90

4.18 x 75% = 3.135 ( 50% + 25% = 75%)

P0 = 1.73/[(1.12)^4] + 1.90/[(1.12)^5] + (3.14/(0.12 - 0.05))/1.125

     = 27.63

Therefore, If Bean's equity cost of capital is 12%, then the price of a share of Bean's stock is closest to $27.75

8 0
3 years ago
Which of the following is likely the lowest paid job listed?
Softa [21]

I think it’s 1. retail clerk

3 0
3 years ago
Read 2 more answers
Briefly explain the term market economy​
Alchen [17]

Answer:

a market economy is a system where the laws of supply and demand direct the production of goods and services

6 0
3 years ago
Pls help for questions no 2, 3, 4, 7, 8, 9, 10
Montano1993 [528]
I can’t see the question
5 0
3 years ago
Other questions:
  • Today, the loyalty of a knowledge worker to his or her employing firm has __________ compared to his or her loyalty to his or he
    7·1 answer
  • There are three consumers of a public good. The demands for the consumers are as follows: Consumer 1: P1 = 60 – Q Consumer 2: P2
    11·1 answer
  • A lawyer collected $720 of legal fees in advance. He erroneously debited Cash for $270 and credited Service Revenue for $270. Th
    8·1 answer
  • Multiple Production Department Factory Overhead Rates The total factory overhead for Bardot Marine Company is budgeted for the y
    6·1 answer
  • _____ involves determining, through observation and study, the specific tasks that comprise a job and the knowledge, skills, and
    7·1 answer
  • For the year ended December BL 2017, Lopez Company has implemented an employee bonus program based on Lopez’snet income, which e
    5·1 answer
  • Lisa conducts a qualitative study of people's shopping behavior online. She compares her results to that of similar studies and
    5·1 answer
  • Diversification is most effective when security returns are _________. a. high b. negatively correlated c. positively correlated
    7·1 answer
  • AMaZon is taking forever to ship my tablet. answer with problems you've had with aMaZon
    8·1 answer
  • Students should consider ________________________ when choosing a career, and this includes reflecting on personal interests, ta
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!