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VLD [36.1K]
3 years ago
11

Labor demand is less elastic when: _____________

Business
1 answer:
garri49 [273]3 years ago
8 0

Answer:

The correct answer is B. Labor demand is less elastic when a large amount of labor is essential to the production process.

Explanation:

Inelastic demand is one that is not very sensitive to sudden changes in its quantity, even in the face of important changes in the context in which they operate, such as a change in the price if it is a product for sale, or in the working conditions or wages if you talk about labor demand.

Thus, in the case of a job in which high amounts of labor are needed, the labor demand will remain stable despite these changes, as workers will perceive that it is a position of easy access and hiring.

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10 reasons why kids should have phones Use your own words Explain your reasons
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Explanation:

For enjoying and enjoying the time of your life

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3 years ago
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Match each of the following contract principles to the statement that best fits it: A. bargained-for exchange of value to the pa
AnnZ [28]

Answer:D.both parties to the contract agree on the contract terms

A.bargained-for exchange of value to the parties

C.parties' negotiated understanding of terms and intent that lead to the contract

B. the subject matter of the contract does not violate law or public policy

Explanation:D A C B 1.consideration

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8 0
3 years ago
2. Sunshine Bakery bakes 660 loaves of bread each day and estimates that 10% of the bread will go stale before it is
Alisiya [41]

Answer:

$0.79

Explanation:

The Bakery bakes 660 loaves of bread

The cost of baking one bread= $0.46

The total cost of baking all loaves of bread

= $0.46 x 660

=$303.60

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=55% of $303.60

=55/100 x $303.60

=0.55 x $303.60

= $166.98

Desired revenues = $166.98 +$303.60

=$470.58

The number of sellable breads= 660 - (10% of 660)

=660-66

=594

Desired income is $470.58; sellable output is 594.

price per bread should be

=$470.58/594

=$0.79222

Price per bread = $0.79

3 0
3 years ago
Agent Higgins helps Mrs. O'Malley to enroll in AB Medicare Advantage (MA) plan during the Annual Open Enrollment Period. Mrs. O'
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Answer:

Since Mrs. O'Malley disenrolled form the plan because she was moving away to a location that was not served by the company, Agent Higgins compensation should not be affected.

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4 0
3 years ago
Tom strongly believes that raising tax rates for the rich is the only way to steer the economy out of a recession because it is
BabaBlast [244]

The answer to the blank space is a contrast effect. A contrast effect is defined as a psychological bias where individuals are prone to evaluating that a stimulus is more positive because a similar stimulus was previously perceived as negative.

This is what is going on with Tom; despite having been presented information by Sam regarding how low taxes in general creates higher tax revenue, Tom still believes that taxing the rich would generate greater tax revenue to reduce the effect of recession.

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3 years ago
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