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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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Following the 2007-2009 financial crisis, many people feared that Greece might leave the euro and resume using the drachma. If t
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Answer:

A medium of exchange

Explanation:

A medium of exchange is a system where it is used to facilitate the sale, purchase, trading of the products & services between the parties

Since in the given situation,  it is mentioned that the seller would not willing to accept the drachma in exchange of goods & services so here the drachma would not be served as a medium of exchange

hence, the same would be relevant

7 0
2 years ago
Baker Inc. acquired equipment from the manufacturer on 10/1/2018 and gave a noninterest-bearing note in exchange. Baker is oblig
bekas [8.4K]

Answer:

4%

Explanation:

Interest included in $918000 is for six months from 10/1/18 to 4/1/12.

Interest for first three month period from 10/1/18 to 31/12/18 = $9000.

This implies that :

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Principal amount excluding interest due:

= Baker's obligation amount - Accrued interest - Accrued interest

= $918,000 - $9,000 - $9,000

= $900,000

Interest rate:

= [($9,000 × 12/3) ÷ 900000] × 100

= 4%

8 0
3 years ago
What steps should e taken if the results do not support the hypothesis?
lys-0071 [83]
More information please
6 0
2 years ago
To improve the effectiveness of the marketing control process, the marketing manager should?
Maslowich

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The manager for what ever business there in should reach sufficient standards for the clients and to make clients feel good and there actually getting something good out of He/Hers Company.

Explanation:

7 0
1 year ago
Landed costs refer to:
viktelen [127]

Answer:

A price that includes both the cost of the product plus transportation to the buyer

Explanation:

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I hope you find this information useful and interesting! Good luck!

5 0
2 years ago
Read 2 more answers
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