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blondinia [14]
3 years ago
10

Over the long run, ____________ per hour is the most important determinant of the average wage level in any economy. Group of an

swer choices demand dollars productivity supply
Business
1 answer:
Jlenok [28]3 years ago
4 0

It should be noted that Productivity per hour in the long run is the most important determinant of the average wage level in any economy.

<h3>What is Productivity per hour?</h3>

Productivity per hour can be regarded as measure of labour productivity.

It helps to know how efficiently labour input as well as other factors of production and how it is been used in the production process.

Learn more about Productivity per hour at;

brainly.com/question/2992817

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Cost of goods sold is characterized by the following statements
melamori03 [73]

Answer:

The interpretation of the particular context is provided in the subsection below on clarification.

Explanation:

  • The cost of the products sold has become a reporting liability on either the cash flow statement.
  • The cost of the goods offered for sale includes the cost of materials expenditures and the time to prepare such a component for selling price.
  • The cost of the goods generated is measured using gross profit. Prices of the products sold are also known as selling costs.
4 0
3 years ago
An increase in an effective minimum legal price will do what to prices and quantities actually sold in a market? Prices will ___
SOVA2 [1]

Answer:

The correct answer is A.

Explanation:

An increase in the minimum price will increase prices and quantities offered. A minimum price often is above the equilibrium price. As prices rise, quantity sold declines. The difference between offer and demand will generate an accumulation of stock.

3 0
3 years ago
The December 31, 2018, balance sheet of Justin’s Golf Shop, Inc., showed current assets of $1,155 and current liabilities of $94
alekssr [168]

Answer:

The answer is $325

Explanation:

To calculate net working capital for 2019;

Current asset for 2019 minus current Liability for 2019.

Examples of current assets are cash, inventory, accounts receivable

Therefore, net working capital for 2019 is;

$1,370 - $1,045 = $325

7 0
4 years ago
Which most accurately characterizes the method used to calculate inflation? Bureaucrats evaluate changes in the price of a natio
Irina-Kira [14]

Answer:

Analysts measure the cost of a bundle of goods representative of overall spending at two points in time and compare the difference in cost.

Explanation:

Inflation refers to a situation in which there is a rise in the price level of the goods in an economy at a particular point of time.

For determining inflation, we need to compare the cost of buying certain baskets of goods in the current year and the cost of buying same basket of goods in the previous year. So that we are able to find the exact rise in the price level of the goods.

We need to analyse the cost of the same basket of goods for the two different periods. Hence, we will get the most appropriate values of the inflation.

4 0
4 years ago
Getting money to start and run a business is referred to as obtaining
Hunter-Best [27]

Answer:

C bc process of elimination

Explanation:

4 0
3 years ago
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