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Masteriza [31]
3 years ago
15

Consider the labor market for computer programmers. During the late 1990s, the value of the marginal product of all computer pro

grammers increased dramatically. Holding all else equal, what effect did this process have on the labor market for computer programmers? The equilibrium wage
Business
1 answer:
katovenus [111]3 years ago
7 0

Answer:

increased

Explanation:

The correct answer is that the equilibrium wage increased as the equilibrium quantity of labor increased.

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Read 2 more answers
The King Corporation has total annual revenue of $800,000; expenses other than depreciation of $350,000; depreciation expense of
tatiyna

Answer:

Results are below.

Explanation:

<u>First, we will determine the net income for tax purposes:</u>

Sales= 800,000

Expenses other than depreciation= (350,000)

Gross profit= 450,000

Depreciation= (200,000)

EBT= 250,000

Tax= (250,000*0.34)= (85,000)

Depreciation= 200,000

Net income= 365,000

<u>Now, for reporting purposes:</u>

Gross profit= 450,000

Depreciation= (130,000)

EBT= 320,000

Tax= (320,000*0.34)= (108,800)

Depreciation= 130,000

Net income= 341,200

8 0
3 years ago
XYZ company has introduced a loyalty program so that it can reduce and increase sales . Select one : O a . Threat of new entrant
anzhelika [568]

Answer:

A

Explanation:

If the company has introduced a loyalty program, customers are less likely to patronise other business. Thus, the threat of new entrants is reduced as firms would be less likely to enter into the industry knowing there is a high degree of customer loyalty to company XYZ

8 0
3 years ago
Which of the following is the most likely explanation for the imposition of a price ceiling on the market for milk? a. Policymak
kozerog [31]

Buyers of milk, recognizing that the price ceiling is good for them, have pressured policymakers into imposing the price ceiling.

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