<span>Reduction in a nation's labor force would long-run aggregate supply curse to the left, representing a reduction in labor. This would tend to drive up labor costs over time. Presumably, the demand curve would remain static in the short-term.
However, such a reduction would also impact the nation's consumption and thereby reduce the demand for products. This would in turn drive a decreased demand for labor (leftward shift) and apply downward pressure to wages.
The answer to this depends on whether the questions is regarding short-term, medium-term or long-term labor supply/demand curve.</span>
Answer:
January $153,825
February $248,600
March $301,650
Explanation:
Computation for cash collections from customers for each month:
January February March
January: ($205,100 x 75%=$153,825) ($205,100 x 25%=$51,275) $0
February: $0 ($263,100 x 75%= $197,325) ($263,100 x 25%=$65,775)
March: $0 $0 ($314,500 x 75%=$235,875)
TOTAL $153,825 $248,600 $301,650
Therefore cash collections from customers for each month is :
January $153,825
February $248,600
March $301,650
During the <u>Decision to adopt stage</u> the customer decides whether or not to try the product.
Explanation:
- Diffusion of Innovation (DOI) Theory,was framed by E.M Roger in the year 1962.
- Diffusion of Innovation (DOI) Theory,is one of the most oldest theories of social science.
- <u>This theory explains that how a new idea,product or behavior is first introduced and then how it diffuses ,and becomes a part of the social system as a whole</u>
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Answer:
Soooooooooooooo the examples of secondary consumers include bluegill, small fish, crayfish and frogs.
Explanation:
Answer:
The income elasticity of demand for frozen dinners is negative when there is an increase of hourly wages. -51%
Explanation:
When the income elasticity is negative it means that the good is inferior so when the income is increased, the demand of the good decrease beacuse its demand change to a better quality good. For instance in this case a fresh meal.
income elasticity % = % change in quantity / % change in income
(((3350-3550)/3550)/((20-18)/18))*100
