<span>A firm's human resources are also known as labor.Labor is the most important powerful resource in firm.They are responsible for the development of the firm.A good firm should have responsible labors and labors want to satisfy with their salary given by firm.Human resources should come up with the new ideas so that it will become an advantage to the firm.</span>
Answer:
The correct answer is option B.
The correct answer is option D.
Explanation:
If the number of firms in an industry decreases, the overall market supply will decrease. This decrease in supply will cause the market supply curve to shift to the left. So the statement given in the question is false.
The cost of production is inversely related to supply. An increase in the cost of production causes supply to decline, shifting the curve to the left and vice versa.
Technology and productivity are directly related, an improvement in technology will cause the supply to increase shifting the curve to the right.
Taxes cause the supply to decrease as it is seen as a cost and it reduces the price received by the firms. This causes the supply curve to shift to the left.
Subsidies reduce the cost of production so the supply curve shifts to the left.
Answer:
False
Explanation:
Due to the fact that the same amount of training is needed in each of the industries, wages would be the same. If wages were higher in the air craft industry, their would be an excess supply of labour in the airline industry. This would pull the wages in the airline industry down until the same wages are earned in both industries
Wages would fall as the number of workers available grows. Landowners in Louisiana will earn more rent as the demand for land increases.
<h3>What is the
law of demand and supply?</h3>
The law of supply and demand is still in effect:
Wages: when the amount supplied increases, but the quantity required does not, the price falls.
When the quantity required increases without the quantity supplied increasing, the price rises.
Thus, Wages would fall as the number of workers available grows.
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Answer:
$35,000 is the maximum amount that Crigui should pay
Explanation:
Total cost if manufactured internally;
Direct materials $13,000
Direct labor 15,000
Variable overhead 3,000
Fixed overhead 7,000
————
Total cost $38,000
Therefore, $38,000 - $3,000 (unavoidable cost) = $35,000
