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2 years ago

Which of the following would result from low labor demand and high labor supply?

Business

1 answer:

elena-14-01-66 [18.8K]2 years ago

7 0

Answer:

B. Wages decline

Explanation:

Labor is subject to the laws of supply and demand, just like other commodities in the market. Low labor demand means there are only a few job opportunities available. The unemployment rate will be high. The economy will be having too many people without jobs.

An increase in the supply of labor implies more people coming to the job market. The Job market will experience a surplus in labor supply, which will lead to reduced wages. There will be too many jobless people chasing few job opportunities. Employers will consider the lowest labor cost, while desperate job seekers will be willing to accept low wage rates.

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Where do banks get money to lend to borrowers?

PolarNik [594]

Answer:

They create the money they lend to borrowers.

Explanation:

:) Let me know if this helps!

(Are you talking about commercial banks?)

7 0

3 years ago

Rachael’s Restaurant, a fast-food restaurant company, operates a chain of restaurants across the nation. Each restaurant employs

netineya [11]

Answer:

a. Advertising costs relative to the number of customers for a particular restaurant. [Fixed]

b. Rental costs relative to the number of restaurants. [Variable]

c. Cooks salaries at a particular location relative to the number of customers. [Fixed]

d. Cost of supplies (cups, plates, spoons, etc.) relative to the number of customers. [Variable]

e. Manager's compensation relative to the number of customers. [Mixed]

f. Servers' salaries relative to the number of restaurants. [Variable]

Explanation:

8 0

3 years ago

The manager of a 100-unit apartment complex knows from experience that all units will be occupied if the rent is $900 per month.

Aliun [14]

Answer:

$950 in order to maximize the revenue.

Explanation:

The computation of monthly rent in order to maximize revenue is shown below:-

R (x) = Rent price per unit × Number of units rented

= ($900 + $10 x) × (100 - x)

= $90,000 - 900 x + 1000 x - 10 x^2

R (x) = -10 x^2 + 100 x + $90,000

Here to maximize R (x), we will find derivative and equal it to zero

R1 (x) = -20 x + 100 = 0

20 x = 100

x = 5

Therefore the monthly rent is p(5) = $900 + 10(5)

= $900 + 50

= $950 in order to maximize the revenue.

3 0

3 years ago

Which of the following is the roadmap of where the business is going?

dusya [7]

The road-map which tells where the business is going is a Business plan.

A business plan is basically a map which visualize a goal desired outcome and draws out the steps needed to reach the goals.

In other word, a business plan shows where a company is going and steps required to get there.

A typical business plan will state likely Challenges, defined Objectives, Courses of Action, Initiatives, Mode of operation etc.

In conclusion, every successful business that exists today started with well-drawn business plan.

Learn more about Business plan here

brainly.com/question/15826771

7 0

2 years ago

Reese, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December, she received

Alenkasestr [34]

Answer:

a. $44,200

b. $44,684

Explanation:

To calculate after-tax costs we just need to deduct the tax saving amount from the pre-tax amount. The tax saving amount can be calculated bt multiplying the pre-tax amount into the tax rate

Requirement A (If she pays the $65,000 in December)

After-tax cost = Pre tax cost - PV of tax saving

After-tax cost = 65,000 - 20,800

After-tax cost = $44,200

working

Tax saving = $65,000 x 32%

Tax saving = $20,800

Requirement B (If she pays the $65,000 in January)

After tax cost = $65,000 - $20,315

After tax cost = $44,684

working

Tax saving = $65,000 x 35%

Tax saving = $22,750

Pv of tax saving = $22,750 x 0.893

Pv of tax saving = $20,316

7 0

3 years ago