If there is an increase in labor productivity, there will be an <u>increase </u>in wages and an <u>increase </u>in individuals employed.
If better insurance policies are mandated by the government then wages and the number of people employed will <u>both decrease</u>.
This shows that the entity that actually pays the costs of health insurance premiums is <u>employers</u>.
<h3>What happens when labor productivity rises?</h3>
When there is an increase in labor productivity, employers will demand more employees in order to produce more. This will shift the labor demand curve to the right.
The new intersection of the demand curve with the supply curve will see an increase in the wage rate and in the quantity of those employed in the labor market.
<h3>What happens if better insurance policies are imposed?</h3>
If the government mandates that employers should provide better insurance policies, it means that employers will start paying more in insurance premium contributions.
This increased cost of labor will lead to employers demanding less employees which will lead to a decrease in the wage rate and in the number of those employed.
This shows that employers are mostly the ones who pay for health insurance premiums which is why an increase in these premiums will increase the cost of labor for them.
Find out more on the labor market at brainly.com/question/4389927.
Answer:
A.) $20,000
Explanation:
Kindly check attached picture for detailed explanation
Answer:
GDP to increase
Explanation:
Gross domestic product (GDP) refers to the total value of goods and services produced within the boundaries of a nation. Its component are consumption, investment, government expenditure and net exports.
GDP = Y = Consumption + Investment + Government expenditure + Net exports
Net exports refers to the difference of total value of exports and total value of imports.
Net exports = Exports - Imports
Therefore, if there is an increase in the net exports then as a result the GDP of a nation increases.
The information that a manager or an owner can get by having an insight into the accounting information about accounts receivable and bad debts is how much amount of goods are sold to the consumers on credit and how much is the amount that the consumers are not able to pay for the goods that they had bought.
It will also help to decide how much of a provision is required to be kept in advance for bad debts. If a company has a high amount of accounts receivable but a small number of bad debts then it shows that the company is efficient in doing the credit sales and gives goods on credit only to those consumers who can give the debt back.
The manager or the owner can decide that they can do more credit sales as there is less chance of it becoming worse. If a company has a high amount of accounts receivable and a high amount of bad debts then it shows that the company is inefficient in doing the credit sales and gives goods on credit to consumers without a surety of getting the debt back.
The manager or the owner can decide that they cannot do more credit sales as there is more chance of it becoming worse.
Learn more about accounting information here brainly.com/question/26261281
#SPJ4
Answer:
d. refers to how a firm does something unique to create added value.
Explanation:
The competitive advantage is the advantage that is gained by the company over its competitors. It can be gained through various things like - reasonable product, best quality, and quantity, great services through which the customers of competitors could be the shift to the company.
The motive of this is to create some value added to the company products by considering the innovative ideas to attract the customers and maximize customer satisfaction that results to accomplish the company goals and objectives.
