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Vilka [71]
3 years ago
5

Demand for workers in some industry declines. These workers are reluctant to have a cut in their nominal wage. However, a. infla

tion will raise their real wage and so increase the number of available workers. b. inflation will raise their real wage and so decrease the number of available workers c. inflation will reduce their real wage and so increase the number of available workers. d. inflation will reduce their real wage and so decrease the number of available workers.
Business
1 answer:
djverab [1.8K]3 years ago
4 0

Answer:

d. inflation will reduce their real wage and so decrease the number of available workers.

Explanation:

In the case when the demand for workers in some industries declines and they have to cut in nominal wages, so there would be increase in the wage bill of the industry because of this the price of the products will increased that also increase the inflation.

In the case when the inflation is rise, the real wage would fall as there would be declining in the purchasing power of money

So, the option d is correct

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Larson, Inc., manufactures backpacks. Last year, it sold 102,000 of its basic model for $20 per unit. The company estimates that
julia-pushkina [17]

Answer:

$1,589,500

Explanation:

The computation of the estimated sales revenue is shown below:

= Number of units  sold × increased percentage ÷ current market percentage × falling percentage × new price for the backpacks

= 102,000 × 110 ÷ 30 × 25% × $17

= $1,589,500

The increased percentage would be

= 100 + 10

= 110

Simply we ignore the selling price per unit and consider all other items which are mentioned in the question

7 0
3 years ago
A company purchased a tract of land for its natural resources at a cost of $1,000,000.
frozen [14]

Answer:

d. $ 0.16 per board feet

Explanation:

From the data in the question, the tract of land is to be depreciated based on the usage method of depreciation,

The computations are as follows:

Cost of tract of land                                                       $ 1,000,000

Less: Estimated salvage value                                      $ ( 200,000)

Depreciable basis for land                                            $  800,000      

Estimated usage from tract of land                               5,000,000 board feet  

Depreciation per board feet

Depreciation basis/ estimated usage  $ 800,000/ 5,000,000  = $ 0.16 per board feet                                                                                

4 0
4 years ago
A ticket broker purchases two tickets to an upcoming concert for $30 each, although the original ticket holder would have been w
Leno4ka [110]

Answer:

Using these assumption the total value created would be $80 per ticket ($90 - $10).

Explanation:

Take note of the expressions;

  1. <em>"the original ticket holder would have been willing to sell each ticket for $10", and</em>
  2. <em>"new buyer would have been willing to pay up to $90 for each ticket"</em>

Following these assumptions, the broker captured value or profit from the transaction would be $80 per ticket sold to new buyer, since he bought the tickets for $10 each.

Remember, that another word for profit is  total value captured.

4 0
4 years ago
A house of quality would depict the strength of the relationship between which of the following two​ items? A. The stitching use
cricket20 [7]

Answer:

The customer's desire for a durable wallet and the company's choice of material for the wallet

Explanation:

House of Quality is a part of a larger process called QFD, which stands for Quality, Function, Deployment. This represents quality-monitoring, a focus on the function of execution of a quality plan, and the application of resources for deployment of that plan

7 0
3 years ago
Scottish Company manufactures a variety of toys and games. John Chisholm, president, is disappointed in the sales of a new board
Schach [20]

Answer:

c. $110,000

Explanation:

The computation of profit (loss) from Option One is shown below:-

Profit (loss) from Option One =  Sold unit × (Cut the price - Variable cost) - Fixed cost

=  15,000 × ($70 - $56) - $100,000

= 15,000 × $14 - $100,000

= $210,000 - $100,000

= $110,000

Therefore for computing the profit (loss) from Option One we simply applied the above formula.

4 0
4 years ago
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