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likoan [24]
2 years ago
8

The relationship between the elasticity of product demand and the elasticity of demand for labor employed in its production is s

uch that, other things being equal, the more elastic the demand for the product, the more elastic the demand for labor. the more elastic the demand for the product, the less elastic the demand for labor. the elasticity of product demand only affects the elasticity of labor demand when the product market is purely competitive. if product demand is perfectly elastic, labor demand will be perfectly inelastic.
Business
1 answer:
Andru [333]2 years ago
4 0

Answer:

The relationship between the elasticity of product demand and the elasticity of demand for labor employed in its production is such that, other things being equal, the more elastic the demand for the product, the more elastic the demand for labor. the more elastic the demand for the product, the less elastic the demand for labor. the elasticity of product demand

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Which one of these factors plays a role in determining the extent and duration of frictional unemployment?
Pavel [41]
The correct answer for the question that is being presented above is this one: "B. the extent to which government legislation requires firms to provide health insurance for employees."

Here are the following choices:
<span>A. the education and skill levels of labor force participants
</span><span>B. the extent to which government legislation requires firms to provide health insurance for employees
</span><span>C. the degree to which the overall level of business activity fluctuates up and down
</span><span>D. the ease with which job seekers can obtain information about job openings</span>
5 0
3 years ago
Quirch Inc. manufactures machine parts for aircraft engines. The CEO, Chucky Valters, was considering an offer from a subcontrac
Brilliant_brown [7]

Answer:

Supplier's quotation (2,400 x $6.25)                     150,000

Less: Relevant cost of production:

Direct material (2,400 x $31)                 74,400

Direct labour (2,400 x $18)                    43,200

Variable overhead (2,400 x $9)             <u>21,600</u>       <u>139,200</u>

Savings                                                                       <u> 10,800</u>

The parts should be produced in-house since the relevant cost of production is lower than supplier's quotation.

 Explanation:

In this case, we need to compare supplier's quotation to the relevant cost of production. The price of $6.25 above was computed by dividing the total price charged by the supplier by the number of parts. Moreso, the relevant cost of production is obtained by the aggregate of direct material, direct labour and variable overhead.

8 0
3 years ago
Quinn has landed a management position with a pioneering new small business after many years of working as a regional manager fo
dalvyx [7]

Answer: b.the principles of management are much the same at large and small firms.

Explanation:

Quinn will find that Management Principles do not discriminate against different sizes of firms and that the principles that work in one size can work across ALL sizes.

She will find that the same Principles that helped her in her big NGO will help her JUST AS WELL in this small but pioneering business.

4 0
2 years ago
The management of a facility that manufactures parts for car brakes has a policy of testing only some of the items in each produ
alukav5142 [94]

The process being employed in the scenario above is called quality control. This is a system being used in means of maintaining standards with the use of testing out samples or products in order to check and maintain the standards that has been implemented.

6 0
3 years ago
The marginal propensity to consume is the: ratio of consumption to income. amount consumed out of an additional dollar of income
cluponka [151]

Answer:

The correct answer is: amount consumed out of an additional dollar of income.

Explanation:

The marginal propensity to consume is a measure to show the increase in consumption of goods and services due to an increase in the disposable income of the consumer.  

It is measured by the ratio of change in consumption and change in income. It can also be calculated as 1 - MPS, where MPS is the marginal propensity to save. In other words, MPS is the ratio of change in savings and change in income.

6 0
3 years ago
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