Answer:
The answer is C. a surplus of labor and a shortage of jobs.
Explanation:
When the wage is above the equilibrium level, the quantity of labor supplied exceeds the quantity of labor demanded, this makes workers to be surplus in relative to the available jo vacancies. The surplus of labor being experienced is called unemployment.
And if the quantity of labor exceeds labor demanded, businesses will demand more of workers.
Answer:
The standard labor hours = $2,340
Explanation:
Standard (Budgeted) production volume = 1000 trivets
Standard direct labor hours = 2,600
This means that:
1000 Trivets = 2,600 hours
∴ 1 Trivet = 2,600 ÷ 1,000 = 2.6 hours
Therefore, standard hours for 1 Trivet = 2.6 hours
Actual production volume in May = 900 units
Since we know the standard labor hours for production of 1 Trivet, the standard hours allowed in May is calculated as follows:
1 Trivet = 2.6 hours
∴ 900 Trivets = 2.6 × 900 = 2,340 hours
∴
Digital products tend to have large up-front costs. once those costs are incurred, additional units can be made at very low additional costs.
In manufacturing, research, retail, and accounting, the cost is the monetary value that is no longer available because it was used to produce something or provide a service. In business, acquisition costs can be acquisition costs. In this case, the amount spent on the acquisition is counted as an acquisition cost.
In accounting, the cost is the monetary value of expenditure on supplies, services, labor, products, equipment, and other items purchased for use by a business or other accounting entity. This is the amount that appears as the price on the invoice and is recorded in the accounting record as an expense or asset cost basis.
Learn more about costs here
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This is an example of motivating through a <u>reward</u>.