Answer: The quantity of labor increases, and the effect on the wage rate is indeterminate.
Explanation:
The supply of people who can make bicycles has increased at the same time the demand for bicycles has increased. The supply curve would therefore shift to the right and so would the demand curve for labor. They will intersect at a new point where the quantity of labor has now increased.
Unfortunately, the effect on the wag rate would be indeterminate because the wage rate might just stay the same on account of the supply increasing along with the demand instead of either of them increasing unilaterally. When tis happens, the change is said to be indeterminate.
Answer:
A set of business plans has to be established for Craig not to be totally broke in December
Explanation:
Below are sets of plan to take on for an effective business plan to yield growth
- Establish a results-driven planning process with prompts and definition of specific business terms and procedures.
- Organize the distinct business ideas possessed into an attractive yet concise visual format.
- Develop and monitor forecasts and budgets to see if there is a potential of the business to yield money.
- Work on convincing targeted investors with a proven and strategic format that should impress them.
- Seek professional advice and real life examples while working on yours.
- Consistently monitor the business you started using a unique dashboard and see how progressive you have been, the hurdles being encountered, and facilitating ways to better improve the said business.
With strict adherence to the above outlined plans, Craig does stand a chance of making profits and not being broke at December
Answer:Ob
---ways people obtain their wants with limited resources
Explanation:
Economics as defined by Lionel Robbins is the science that studies human behavior as a relationship between ends and scarce means which have alternative uses.
The economy generally is filled with people having unlimited wants but the resources( land, labour, capital and enterpreneur) to satisfying these wants are Limited and scarce . Economics studies how the society (government and businesses)use these scarce resources to satisfy or meet its unlimited wants by providing variety of goods and services from the scarce resources so that people can have choices to choose from in satisfying their limitless wants in order of preferences.
Answer:
The correct answer is C
Explanation:
Alimony is the amount or an allowance or a legal obligation which is paid by the spouse to wife in order to support the financial support before or after the material divorce or separation.
Under this situation, Laura (L) pays the alimony to Steve (S), which is agreed upon the decree of the divorce. But in order to save the money, they started to live together, so the alimony payment will not be included in his income as they started to live together and the payment will not be considered as the alimony.