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Dahasolnce [82]
3 years ago
10

A new labor-saving technology will likely result in..... Group of answer choices Lower wage share of output and lower Gini coeff

icient in the short run. Higher wage share of output and higher Gini coefficient in the short run. Lower wage share of output and higher Gini coefficient in the short run. Higher unemployment, lower wage share of output, and higher Gini coefficient in the long run.
Business
1 answer:
jekas [21]3 years ago
7 0

Answer:

Higher unemployment, lower wage share of output, and higher Gini coefficient in the long run.

Explanation:

Since less labor will be used, total unemployment will increase. Besides less labor being used, more capital will be used, so the share of labor in total output will decrease. Labor efficiency increases, since you need less labor to produce the same or even a larger amount of output.

New technologies tend to increase the wages of high skilled labor and management. Since the Gini coefficient measures income inequality, then higher wages for a few will increase inequality.  

This is an example of what is happening in the US, where highly trained labor is getting paid better every time while unskilled labor is getting paid the same as many years ago or their wage has even decreased with time. This shows how important a college education is, and the difference will only keep increasing.

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POSSIBLE POINTS:
77julia77 [94]

Answer:

Bob must use  $4,000 newspaper ads in two numbers

Explanation:

As given in the question -

Total number of people affected by $5,000 TV ad = 250

Total number of people affected by  two $5,000 TV ad = 2* 250 = 500

Total number of people affected by $5,000 TV ad = 280

Total number of people affected by two $5,000 TV ad = 2* 280 = 560

Hence, more number of people are affected by two news paper adds of $4,000

8 0
3 years ago
Which of the following production functions exhibit constant returns to scale?I. Q=6−q^4II. Q=2K+LIII. Q=K^0.8 L^0.2
Vladimir79 [104]

Answer:

Option 3

Explanation:

This is because the sum of the powers of both labour (L) and capital (K) equals 1

0.8 + 0.2 = 1

5 0
3 years ago
24. You have saved $4,000 for a down payment on a new car. The largest monthly payment you can afford is $350. The loan will hav
polet [3.4K]

Answer:

The most expensive car can be afforded is = $17290.89

Explanation:

The down payment of a new car = $4000

The mothly payment (annuity ) = $350

Interest rate on the rate = 12% = 12% / 12 per month.

Now we have to calculate the most expensive car that can be afforded with the finance time of 48 months.  

Below is the calculation:

Present \  value = annuity \times \left [ \frac{1-(1+r)^{-n}}{r} \right ] \\= 350 \times \left [ \frac{1-(1+ 0.01)^{-48}}{0.01} \right ] \\= 13290.89 \\

\text{Total value of car}  = savings +  present \ value \\=  4000 + 13290.89 \\= 17290.89

7 0
3 years ago
The Mayo Clinic in Minnesota is known for top-quality medical care. For decades, even presidents and dictators from around the w
Ira Lisetskai [31]

Answer:

E.match its core competencies.

Explanation:

Core competences are resources and capabilities that serve as a source of advantage for the any firm against its rivals. Firms use core competence to implement value-creating strategies and thereby satisfy customer’s needs.

The core competencies of any organization will distinguish it competitively and will also reflect its personality

Capabilities on the other hand are valuable, costly to imitate, rare, and no substitutable are core competencies. In turn core competencies are attributes of competitive advantages for the firm over its rivals

3 0
3 years ago
If a student identifies herself as having strong writing skills and an interest in working on her own, which of the following mi
Mekhanik [1.2K]
She could try becoming an author, they write in magazines, newpapers, books, and articles. She could write what she wishes and it's on her own.
7 0
4 years ago
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