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2 years ago

According to the market theory of wage determination, under what circumstances will wages for a particular group be highest?

Business

2 answers:

Serhud [2]2 years ago

7 0

Answer:

Wages for a particular group will be highest when demand is high, and supply is low

<u>Explanation:</u>

The market theory of wage determination is the hypothesis that payments that are, the cost of work, are resolved like all costs by the organic market. Along these lines, when laborers sell their work, the value they can charge is mostly impacted by Supply the number of laborers accessible and demand number of laborers required.

When businesses can not discover enough specialists to address their issues, they will continue raising their pay offers until more laborers are pulled in. When laborers are in wealth, at that point, wages will fall until the surplus work chooses to go somewhere else looking for employment.

Scrat [10]2 years ago

6 0

Answer:

The answer is C

Explanation:

When all things are equal.

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Answer:

E) None of the above

Explanation:

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3 years ago

Consider the case of the following annuities, and the need to compute either their expected rate of return or duration.

anastassius [24]

Answer:

1. 5.00%

2. 15.70 year

Explanation:

As per the data given in the question,

1) For computing the interest rate we need to applied the RATE formula which is shown in the attached spreadsheet

Given that

Future value = 0

Present value = -$2587.09

PMT = $950

NPER = 3 years

The formula is shown below:

= RATE(NPER;PMT;-PV;FV)

The present value comes in negative

After applying the above formula, the interest rate is 5%

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Future Value = $920,925

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The formula is shown below

= NPER(RATE;-PMT;PV;FV)

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3 years ago

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