The market for labor can be divided into two components, labor demand , and labor supply .
Market labor supply curves are determined more by the number of individuals who choose to supply their labor to that market than the number of hours each supplies.
So at higher wage rates relative to other markets, more people choose to supply labor in that particular market and the curve is always up-sloping.
In perfectly competitive labor and product markets, labor supply curves always measure marginal opportunity costs. The shorter the time period will be and the more specialized the type of labor will be , the less elastic the labor supply curve will be.
To know more about labor supply curve here:
brainly.com/question/13540328
#SPJ4
Answer:
Option (a) is correct.
Explanation:
The burden of a tax is entirely borne by the suppliers if the supply curve is perfectly inelastic. The burden of a tax falls more on a person which is having relatively inelastic curve.
For example: A government imposes a tax in a market of beachfront hotels with an inelastic supply curve. There is no other option available for the sellers than to accept the lower price for the hotels, here the taxes are not affecting the equilibrium quantity. Therefore, the entire burden of tax falls on the suppliers.
Suppose that if the demand curve is more inelastic than the supply curve then most of the tax burden falls on the consumers and if the supply curve is more inelastic than the demand curve then most of tax burden falls on the sellers.
Answer: $7,875 per year for each of the first two years.
Explanation: The method to calculate the amount of depreciation using the straight line method is to subtract the salvage price from the purchase price and then divide it by the numbers of years in its useful life.
($35,400 - 3,900)/4 = $31.500 / 4 = $7,875 per year
$7,875 is the amount of depreciation for each year of the four years of the truck’s useful life.
Answer:
During the 18th century or during the Romantic period.
Explanation:
While the concept of Gothic elements began as early as the 4th century, the literary impact was seen only from the 18th century, during the Romantic period. While the earlier and initial influences were mainly in the architecture and art forms, literary production on this tradition came after more than a decade of its inception.
The Romantics was a period of imaginative and emotional influences into literary works. Writers of this period focus on the individual's emotions and feelings, And in this period of influence, the themes of Romanticism but in a darker way began to be explored, leading to the Gothic literary genre.
Thus, the <u>gothic tradition in literary production alone emerges most predominantly during the 18th century or the Romantic period.</u>
