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likoan [24]
3 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]3 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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Purposes of calculating the variances in a cash Budget
Vitek1552 [10]

<span>Variances allow the business owner to supervise their business better by taking well-versed decisions based on how the business really performed against the budgeted performance. Additionally, it also highlights reasons or different causes for the disparity in the projected income or expenses.</span>

3 0
3 years ago
Suppose that the prices of good A and good B were to suddenly double. If good A is plotted along the horizontal axis and good B
Zigmanuir [339]

Answer:

The correct answer is option b.

Explanation:

A budget line shows the maximum possible combination of two goods that a consumer can purchase by spending his/her whole income.  

The quantities of those two goods are mentioned on both the axes. If the price of both the products is doubled. The consumer will be able to afford half the quantity than what he was consuming earlier.  

This will cause the budget line to shift to the left. This new budget line will be parallel to the initial one. The slope of the budget line will remain the same.

7 0
3 years ago
Marcos owns 1,500 shares of ABC stock which he purchased at $44 a share. The stock has been steadily decreasing in value and he
ch4aika [34]

Answer:

Market sell order for 1,500 shares

Explanation:

The type of order that Marcos should place is Market sell order for 1,500 shares because he already owns 1,500 shares of the ABC stock in which the ABC stock shares was purchased at $44 per share.

Since the stock has been decreasing in value in which he wants to cut his losses now because the stock price may continue to decrease, the best thing for him to do is to use the Market sell order for the 1,500 shares in order to cut the losses that may arise and to avoid losing all the Total amount of the shares bought which is $66,000 ( 1,500 shares ×$44).

3 0
3 years ago
A major contribution of the Miller model is that it demonstrates, other things held constant, that ____
deff fn [24]

Answer: The correct answer is "personal taxes lower the value of using corporate debt".

Explanation: A major contribution of the Miller model is that it demonstrates, other things held constant, that: <u>personal taxes lower the value of using corporate debt.</u>

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8 0
3 years ago
All ________ are required to be members of the Federal Reserve System. Group of answer choices banks with assets less than $100
svetlana [45]
The answer is national banks chartered by the Office of the Comptroller of the Currency
6 0
2 years ago
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