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Vera_Pavlovna [14]
3 years ago
8

Olivia is considering working a secretary job for a small law firm. Given the opportunity costs of working the job, she will not

accept a
wage less than $12 per hour. Which of the following is likely to raise Olivia's reservation wage?
A.Olivia learns that employees are paid bonuses at the end of every month.
B.Olivia has spent all of her savings and is struggling to pay rent.
C.Olivia learns that the job is more challenging than she initially thought.
D.Olivia takes on more debt and is struggling to make payments on time
Business
1 answer:
SOVA2 [1]3 years ago
8 0

What would likely raise Olivia's reservation wage is if Olivia learns that the job is more challenging than she initially thought

Reservation price is the least amount of wage that a worker would be willing to accept for services rendered.

<em><u>Factors that lead to changes in reservation wages</u></em>

  • Finances: a worker that is in debt or in desperate need of money would have a lower reservation wage when compared with a person that is debt-free. For example, the reservation wage of a billionaire would be higher than the reservation wage of an homeless individual.
  • Nature of the job: the more challenging a job is, the higher the reservation wage that would be demanded by a worker.
  • Length of unemployment: the longer a person has been unemployed for, the lower the reservation wage.

To learn more about reservation wage, please check: brainly.com/question/14293413?referrer=searchResults

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Answer:

Economic growth generates job opportunities and hence stronger demand for labour, the main and often the sole asset of the poor. In turn, increasing employment has been crucial in delivering higher growth.

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_____ involves a strategic effort by firms to supply customers with environmentally friendly, sustainable merchandise and servic
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3 years ago
If labor market institutions change so that it becomes easier to find a job, and unemployed people are unemployed for smaller du
Natasha_Volkova [10]
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7 0
3 years ago
a salesman bought 2 dozen television sets at $300 each. he sold two-thirds of them at a 25% profit but was forced to take a 30$
alukav5142 [94]

Original price: 24 times 300 = 7200

Making money: 0.25*(2/3)24*300 = 1200

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A good that is commonly accepted as a medium of economic exchange is money. It serves as the main determinant of wealth and the medium through which prices and values are expressed. It is used as a medium of exchange since it can move anonymously from one person to another and from one country to another.

The primary function of money is to enable a trade to occur without the dreaded double coincidence of barter by enabling the distinction between buying and selling.

Theoretically, credit may fulfil this need, but the supplier would need to know the probability of repayment before extending credit. In contrast to using money, this requires far more information on the customer and involves informational and verification fees.

Learn more about money here:

brainly.com/question/22984856

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7 0
2 years ago
In Marigold Company, land decreased $156000 because of a cash sale for $156000, the equipment account increased $58000 as a resu
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Answer:

$ 98,000.00  

Explanation:

The net cash provided by investing activities is the  difference between cash provided by disposal of land which is $156,000 minus the cash paid to acquire equipment which was $58,000.

Net cash provided by investing activities=$156,000-$58,000=$ 98,000.00  

The cash received from bonds issuance of $113,000 is a cash inflow under financing activities not finance-activity related,hence it is not included in the computation above.

8 0
4 years ago
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