All categories

3 years ago

Assuming no change in the nominal wage and a significant increase in human capital, the output per worker will

Business

1 answer:

Veseljchak [2.6K]3 years ago

4 0

Answer:

B. Increase and the real wage will increase.

Explanation:

In the case when there is a rise in population so the labor supply also rises and the equilibrium labor quantity would also rise

So it would result in rise in capital market due to which the labor would become more productive and there is a rise in the labor demand

This leads to greater real wages rate and rise in full labor quantity employment

Hence, the option b is correct

You might be interested in

Criticism is hurtful because it makes one feel as if _______.

bija089 [108]

Answer:

Explanation:

they may feel like this because they're being talked about or like they're doing something wrong

5 0

2 years ago

If the absolute value of the price elasticity of demand is greater than 1:

FrozenT [24]

Answer:

b. small percentage changes in the price will lead to much larger percentage changes in the quantity demanded.

Explanation:

Price elasticity of demand is a measure of how responsive is quantity demanded to change in price. Its formula is given by:

$E_{D}$ = $\frac{dQ}{Q}{\frac{P}{dP} =$

= % Change in Quantity Demanded / % Change in Price

So when absolute value $E_{D}$ is greater than 1, a x percentage change in price will lead to larger than x percentage change in quantity demanded.

<u>Note</u>: Whether the percentage change in quantity demanded will be just a little or very much larger than percentage change in price will depend on how much $E_{D}$ is larger than 1. But b is the still the best answer among the options.

7 0

3 years ago

In the context of purchasing systems involved in the traditional transaction processing systems, when a(n) _____ arrives from a

Degger [83]

Answer:

Product

Explanation:

In a purchase system the involvement of the traditional transactions takes place as when the product or item arrives to form a supplier its matched to the original order of the referring report which is then sent to the department for checking the content and the report generated is in the inventory

Of the list of items the vendor dispatches and later on checks the consistency of the product. An assessment report is made for the system and the result is compiled in the database management system.

7 0

3 years ago

For a natural monopoly to exist

vfiekz [6]

Answer:

The correct answer is A

Explanation:

Natural monopoly is the kind of monopoly which exists because of the high start up costs as well as the powerful economies of scale for conducting or performing a business in a particular industry.

And for this type of monopoly to exist , a firm or business need that the long run average cost curve will exhibit the economies of scale by the relevant range of the market demand.

3 0

3 years ago

Once I click the link to go the quiz I have one hour to complete it before I get kicked out of the page. It is due tonight befor

Ratling [72]

That kinda sucks. how’s it going for you

3 0

3 years ago