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
Smith, an individual, is required to pay goode yearly alimony of $6,000 and yearly child support of $18,000. smith paid goode $2
marta [7]
Generally speaking, the taxpayer can deduct his alimony payment but not his child support payment. He may, however, be entitled to claim the child as a dependent, although this is beyond the scope of the question.

We can deduct the alimony payment but not the child support payment. Smith paid Goode $20,000 in 2017, although he owes 24,000. The adjusted gross income depends only on how much Alimony he paid.

If he paid the full $6,000 alimony and only 14,000 of child support, he can deduct the $6,000 for an adjusted gross income of 50,000- 6,000= $46,000.

If, for example, he paid the full $18,000 in child support and only 2,000 in alimony, he can only deduct the $2,000 for an adjusted gross income of 50,000 - 2,000 =48,000. 
4 0
3 years ago
What is the main reason why you need a financial reserve?
Kitty [74]

Answer:

Often, people who are in the habit of saving money can be seen as being overly concerned, but the purpose of having a reserve is precisely to avoid greater worries in the face of unforeseen events.

5 0
2 years ago
David, the CEO of a beverage company, wants to understand the reason for the erratic performance of one of the company's product
artcher [175]

Answer:

He is trying to analyze the Gizell's Product life cycle

Explanation:

Product life cycle is the cycle which is the progression of the item through or via 4 stages of its time on the market. The 4 stages are Growth, Decline, Maturity and Introduction.

In this case, David is scrutinizes the sales records of Gizell and the profits which garmers from its sales. He is trying to analyze the product life cycle.

5 0
3 years ago
When a tariff is imposed on a​ foreign-produced product, domestic producers receive a​ ________ price and domestic consumers pay
Fittoniya [83]

Answer: decreased , lesser .

Explanation:

Tariffs are used to restrict imports by increasing the price of goods and services purchased from another country, making them less attractive to domestic consumers . Governments may impose tariffs to raise revenue or to protect domestic industrie especially from foreign competition.

7 0
3 years ago
Assume that interest rates on 20-year Treasury and corporate bonds with different ratings, all of which are noncallable, are as
Elina [12.6K]

Answer:

The question is missing the options which are below:

A Real risk-free rate differences.  

B Tax effects.  

C Default risk differences.  

D Maturity risk differences.  

E Inflation differences.  

The correct answer is option C,default risk differences.

Explanation:

Default risk is the increase in return given to an investor to compensate the investor for the likely losses that may arise due to the inability of the borrower to make funds available to the investor on the maturity date or even in required amount.

Different debt instruments have different default risk depending on their credit rating as rated by international rating agencies.Such rating is a function of many factors,which includes:

Balance sheet position

Profitability

Liquidity strength of the company

Macro-economic factors and some others.

Liquidity refers to the ability of the company to settle obligations such as repayment of bonds and interest  when due.

Invariably,liquidity has a higher impact in determining credit rating as well as default risk of an instrument.

3 0
3 years ago
Other questions:
  • Journalize the following transactions for the buyer, Morgan Company, using the net method to account for purchase discounts. Ass
    7·1 answer
  • Ratchet Manufacturing anticipates total sales for August, September, and October of $200,000, $210,000, and $220,500 respectivel
    12·1 answer
  • A real estate office handles a 80-unit apartment complex. When the rent is $550 per month, all units are occupied. For each $25
    7·1 answer
  • Not recording the prepaid rent used causes? A.expenses to be too high b. Revenue to be too high c. Assets to be too high d. Asse
    13·2 answers
  • A broker has placed his own funds in the trust account along with the funds of several clients. He has written records of all fu
    6·1 answer
  • prepare a financial report that compares what ashley and jason each owns and owes on september 30. make a list of any decisions
    6·1 answer
  • Midyear on July 31st, the Baldwin Corporation's balance sheet reported: Total Liabilities of $101.255 million Cash of $8.040 mil
    13·1 answer
  • SAP Inc. received a $1.5 million grant under its Small Business Innovation program. SAP invested the grant money and developed a
    8·1 answer
  • Advantages of profit maximization​
    6·2 answers
  • Please answer need help asap
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!