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mixas84 [53]
3 years ago
7

According to the law of supply what's the result of an increase in the supply of workers for a job if all other factors remain e

qual?
Business
1 answer:
Roman55 [17]3 years ago
6 0

Answer:

According to the law of supply, an increase in the supply of workers for a job if all other factors remain equal means the company wants to be efficient and it is also proof that the company is making more profit which signals the demand for the commodities they produced as increased drastically.

Explanation:

The law of supply work in the dimension of price, the number of goods available in the market, and it is hugely affected by demand. Now, when the price of goods decreases, it makes production by producers decrease as well and staffs are also laid off to avoid profit loss by the producers. This changes when the price of commodity increases as it makes producers of the commodity have the capacity to employ more staff to maximize time and this also causes the producers to increase sales. However, the higher demand for a commodity would also increase the supply of that commodity.

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Which sequence describes the long-run adjustment process in a competitive market when firms are experiencing short-run economic
dedylja [7]

Answer:

b. some firms exit, industry supply decreases, market price rises.

Explanation:

A perfect competitive industry is characterised by many buyers and sellers of homogenous goods and services. There are no barriers to entry or exit of firms.

If firms are making economic loss is the short run, in the long run, firms leave the industry. This leads to a fall in supply and prices rise as a result. In the long run, firms in a competitive industry earn zero economic profit.

I hope my answer helps you

7 0
3 years ago
4941551496 p.a.ssw.ord yaP2D2<br><br>CO.ME FA.ST ON ZO.O.M​
fiasKO [112]

Answer:

WHY FAST?

Explanation:

5 0
3 years ago
Define the term prime rate.
bazaltina [42]
Prime rate:- Interest at the lowest rate that is borrowed. 
7 0
3 years ago
Read 2 more answers
The legal contract between the bondholders and the issuer is called the bond ______.
Simora [160]

The legal contract between the bondholders and the issuer is called the bond <u>indenture.</u>

A bond indenture is important as it helps to protect the interest if the stakeholders and also lowers the chance of default.

It should be noted that the indenture list provides the details of a bond. It helps in ensuring transparency. Therefore, the legal contract between the bondholders and the issuer is called the bond indenture.

Read related link on:

brainly.com/question/25562729

4 0
2 years ago
Aha! Inc. had inventory of $500,000 at the beginning of 2017. The company purchased $2,000,000 less purchase discount of 10%. Th
dybincka [34]

Answer:

$2200000

Explanation:

Given: Beginning inventory= $500000.

           Inventory purchased= $2000000 with discount of 10%.

           Freight cost= $200000.

           Ending Inventory= $300000.

Cost of goods sold= Beginning\ inventory+ inventory\ purchased+ freight\ cost - Ending\ inventory

⇒ Cost of goods sold= 500000+ (2,000,000 - 10\% \times 2,000,000)+ 200,000 - 300,000

⇒ Cost of goods sold= 700000+ (2,000,000 - 2,00,000) - 300,000

⇒ Cost of goods sold= 700000+ (18,00,000) - 300,000

Opening parenthesis

⇒ Cost of goods sold= 2500000- 300000

∴ Cost of goods sold= \$ 2200000

Hence, $2200000 is the company’s 2017 cost of goods sold.

4 0
3 years ago
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