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qaws [65]
2 years ago
14

g . Suppose that, as a result of a decrease in the market supply of labor, the wage rate has risen 10%. After adjusting its empl

oyment level, a firm finds its total wage bill has decreased. What does this occurrence indicate about the firm’s labor demand? Explain
Business
1 answer:
Julli [10]2 years ago
5 0

Answer:

the firm's demand for labour is elastic. the total wage bill decreased even though wage rates have increased. this indicates that the firm's demand for labour is sensitive to wages. As a result of the rise in wages, the demand for labour by the firm fell more than the rise in price. This indicates that demand is elastic

Explanation:

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A phone company offers two monthly charge plans. In Plan A, there is no monthly fee, but the customer pays cents per minute of u
Andreas93 [3]

Answer:

For more than 180 minutes of phone use.

Explanation:

Let m represent number of minutes of phone use in a month.

We have been given that in Plan A, there is no monthly fee, but the customer pays $0.06 per minute of use.

The cost of using m minutes in plan A would be 0.06m.

We are also told that in Plan B, the customer pays a monthly fee of $4.80 and then an additional $0.03 per minute of use.

The cost of using m minutes in plan B would be 0.03m+4.80.

To find the amounts of monthly phone when Plan A will cost more than Plan B, we will set cost of plane A greater than cost of plan B as:

0.06m>0.03m+4.80

Let us solve for m.

0.06m-0.03m>0.03m-0.03m+4.80

0.03m>4.80

\frac{0.03m}{0.03}>\frac{4.80}{0.03}

m>180

Therefore, Plan A will cost more than Plan B for more than 180 minutes of phone use.

4 0
3 years ago
Yang Corporation starts a foreign subsidiary on January 1 by investing 25,000 rand. Yang owns all of the shares of the subsidiar
Lisa [10]

Answer:

$3,000 credit

Explanation:

Given the followin currency exchange rates for 1 rand are as follows:

January 1 $0.25 = 1 rand

Average for the year 0.28 = 1

December 31 0.31 = 1

Net income conversion Investment using January 1 rate = 50,000 rand × $0.25 = $12,500

Net income conversion Investment using December 31 rate = 50,000 rand × $0.31 = $15,500

Credit (Debit) = $15,500 - $12,500 =$3,000

Therefore, the translation adjustment that Yang will report at the end of the current year is $3,000 credit since the difference is positive.

4 0
3 years ago
What ethical work habit demonstrates that a person shows up and does the job as expected? Choose the answer.
stich3 [128]
Either integrity or leadership I would say both are great answers and would fit the answer for the question
4 0
2 years ago
The fact that Minnie spends most of her time measuring costs and checking to see if departments are staying within their budgets
olga_2 [115]

Answer: B) Managerial Accounting

Explanation:

Minnie is a managerial accountant because she spends her time measuring cost and checking if various departments are still within their budget.

Managerial accounting: It can also be called " cost accounting" or " management accounting". It is a branch of accounting that identifies, measures, analyze, interprete, and communicate financial information to managers. It helps managers make rational decisions regarding the operations of the business.

Minnie as a managerial accountant, needs to analyze various events and operational data in order to translate those data into useful information that can be used by the management in their decision-making process.

Minnie's duty is to provide information regarding the business operations by analyzing data of each department.

6 0
3 years ago
The balanced scorecard method of control is designed to ______ incorporate with traditional measures of financial performance.
AveGali [126]

Answer:

Operational measures

Explanation:

balanced scorecard method in business are tools utilized by the management of an organization to control the activities going on in the organization, how their goals can be accomplished and others, it can be associated to strategic planning.

It should be noted that the balanced scorecard method of control is designed to operational measures incorporate with traditional measures of financial performance.

3 0
3 years ago
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