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Aleks04 [339]
2 years ago
5

Suppose that the owner of Boyer Construction is feeling the pinch of increased premiums associated with workersâ compensation an

d has decided to cut the wages of its two employees (Albert and Sid) from $25 per hour to $21 per hour. Assume that Albert and Sid view income and leisure as "goods," that both experience a diminishing rate of marginal substitution between income and leisure, and that the workers have the same before- and after-tax budget constraints at each wage. Albert and Sid's opportunity set is presented below:What is the value of A when the wage is $25?What is the value of A when the wage is $21?At the wage of $25 per hour, both Albert and Sid are observed to consume 14 hours of leisure (and equivalently supply 10 hours of labor). After wages were cut to $21, Albert consumes 12 hours of leisure and Sid consumes 16 hours of leisure. Determine the number of hours of labor each worker supplies at a wage of $21 per hour:Albert's supply of labor = _______Sid's supply of labor = ________How can you explain the seemingly contradictory result that the workers supply a different number of labor hours?A. Albert has no income effect, and Sid has no substitution effect when the wage declines to $21.B. Albert's substitution effect dominates his income effect when the wage declines to $21, and vice versa for Sid.C. Albert has no substitution effect, and Sid has no income effect when the wage declines to $21.D. Albert's income effect dominates his substitution effect when the wage declines to $21, and vice versa for Sid.
Business
1 answer:
melomori [17]2 years ago
5 0
<h3>I don't know but please marks me as brainliests please...</h3>

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in any industry in which repeat business is done with the same parties, there is always a balance between pushing the limit on a
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The statement is True. In any industry in which repeat business is done with the same parties, there is always a balance between pushing the limit on any particular negotiation and making sure the other party—and your relationship with him—survives intact.

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Examples of employee-to-1/3-celebration negotiations encompass: Negotiating with a purchaser over the charge and terms of a sale. Negotiating a prison agreement with an opposing legal professional. Negotiating carrier or supply agreements with companies.

The term negotiation refers to a strategic dialogue that resolves a problem in a way that each event locates ideal. In a negotiation, every birthday party tries to persuade the alternative to accept as true with their factor of view.

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Since the April Wood incoming transactions-accounts receivable increased by 4 million we obtain the cash value by substracting the question total accounts receivable value from the sales.

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$42.5 million - $4 million= $38.5 million

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