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3 years ago

Labor power is a special commodity right or wrong?

Business

2 answers:

Orlov [11]3 years ago

7 0

Right my mom taught me not to be afraid

anyanavicka [17]3 years ago

6 0

Answer:

Right.

Explanation:

The labor market is as much a commodity as the materials are to be processed.

Labor power is a unique commodity in that it is a characteristic of living people who own it in their own bodies. They cannot permanently sell it to someone else because they own it within themselves; otherwise, they would be a slave, and a slave does not own himself.

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By switching its sales agents to a sales neutral profit commission, the firm is trying to convince the agents a. Improve their

Vadim26 [7]

Answer:

Improve their compensation by pricing less aggressively

Explanation:

Sales agents mostly prefer to have their commission based on the sales turnover as this appears to guarantee a seemingly better return compared to profit based commission at the expenses of the producer. however , one of the ways of persuading them to accept a change to this attitude is by introducing a switch to a sales neutral profit commission.With this , attention is shifted from generating a high sales volume at all cost.

Incentives and compensation should be modified to sales neutral , which will result to a change of behavior towards earning a higher compensation.

One of the changes that could come up to earn more is less aggressive pricing .

7 0

3 years ago

The Thomlin Company forecasts that total overhead for the current year will be $11,270,000 with 161,000 total machine hours. Yea

sergey [27]

Answer:

underapplied for 2.037.000‬

Explanation:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

we divide the expected overhead by the expected machine hours:

11,270,000 / 161,000 = $70

applied overhead = actual machine hours x rate

85,000 MH x $70 = 5,950,000

actual overhead 7,987,000

As we applied less than actual cost we underapplied the overhead.

7,987,000 - 5,950,000 = 2.037.000‬

5 0

4 years ago

Suppose that at 500 units of output a firm is producing such that marginal revenue is equal to marginal cost. The firm is sellin

xxMikexx [17]

Answer:

B) We can say that the firm is maximizing profit in the short run

Explanation:

A rational producer is at profit maximising equilibrium where : Marginal Revenue = Marginal Cost.

When MR > MC, profit is increasing & it is beneficial for firm to expand output. When MR < MC, it is loss making & it is beneficial for firm to decrease output.

If at 500 units of output : MR = MC, firm is maximising profit in short run.

6 0

3 years ago

Period of time when unemployment rises and businesses begin to produce less and less

MakcuM [25]

Answer:

Cyclical unemployment

Explanation:

The process of this happening is known as Cyclical unemployment. This is something that is common in every country around the world and tends to happen due to many reasons. Each countries economic cycle is different and follows different ranges. The United States Economic Cycle tends to happen roughly every 8 years, although this is not 100% guaranteed. When it does happen Stock Markets tend to crash which is what causes a chain reaction that leads to unemployment rises and businesses producing less and less as there is less consumer spending.

5 0

3 years ago

Higher consumer prices are likely to be accompanied by:

Naddika [18.5K]

Higher consumer prices are likely to be accompanied by D. higher interest rates. It leads to increasing the company's cost of raising capital ant then to higher cost production.

8 0

3 years ago