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mr Goodwill [35]
2 years ago
14

An increase in the real wage rate ________ the quantity of labor demanded, ______ the quantity of labor supplied, and when the l

abor market is in equilibrium,_________
Business
1 answer:
svlad2 [7]2 years ago
7 0

An increase in the real wage rate decreases the quantity of labor demanded, increases the quantity of labor supplied, and when the labor market is in equilibrium, equates demand and supply of labor.

<h3>What is real wage rate?</h3>

Real Wage Rate in economics refers to the result obtained by dividing the nominal wage rate by the prices of goods.

It is used as a more accurate measure of how much the spending power and is also an indicator of the standard of living of workers.

Learn more about real wage rate at:
brainly.com/question/6342231

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PLEASE ANSWER WITH 100% THE CORRECT ANSWER ASAP IF YOU DON'T KNOW THE ANSWER THEN DON'T ANSWER
valkas [14]

1. Unions have been in decline since the 1960s because of

Answer: <u>A. foreign competition.</u>

Explanation: Unions were often conducted in the past in order to protect workers from<em> "arbitrary decisions" </em>of employers. Such decisions resulted to the<em> laying off of workers </em>and<em> cutting of wages</em>. On the contrary, business owners have a different goal. They wanted to make more profit by cutting the wages, so they didn't like the unions. However, unions have been in decline in the 1960s, mainly because of international/foreign competitions. This is because the "bargaining power of the unions as they represent the employees were reduced."

2. When a bank evaluates a person for a loan, what does the word "capacity" refer to?

Answer: <u>C. The ability to make payments on time.</u>

Explanation: A bank evaluates a person for a loan according to his "capability to pay" the loaned amount. It is not according to his willingness to pay, but to his<em> "ability to return the money</em>." In order to know whether a person is capable of repaying the money on time, the bank analyzes the borrower's gross income and his debt.

6 0
3 years ago
If the central bank targets a monetary​ aggregate, it is likely to lose control over the interest rate because A. of fluctuation
Rom4ik [11]

Answer:

The correct answer is B. of fluctuations in the demand for reserves.

Explanation:

The management of the interest rate is perhaps one of the areas of economic policy that has raised the most controversy among policymakers. Much of it comes from both the interpretation of the role that the interest rate plays in macroeconomic adjustment, and the real possibility of achieving effective control over it.

Regarding the role of the interest rate, there are opposing positions about the influence that this variable may have on that of  termination of savings investment. Thus, for example, from a Keynesian perspective, a weak relationship is raised between saving the interest rate, since it depends primarily on the level of income, while great importance is attached to this variable as a determinant of investment. Under this scheme, control over the interest rate can be justified since it would have the advantage of stimulating economic activity through greater investment, without significantly affecting savings levels.

6 0
3 years ago
You are the public relations director of a nonprofit hospital in a competitive market in a midsized city located in a metro area
makvit [3.9K]

Answer:

HIV AIDS is contagious disease. It is responsibility of the healthcare professionals to handle the person with special care. This virus spread quickly in the body of the victim and the person is often unaware of the disease due to very mild or no symptoms.

Explanation:

To: CEO

Park lane Hospital

Central London,

09 - 06 -2021.

Respected Sir,

It is to bring into your knowledge about the spread of HIV/AIDS in the city. The people are unaware about the disease spread and those infected are carrying disease to others. There should be campaign run by the hospital to inform people about the spread of this contagious disease and preventions measures.

There should also be special arrangement for the people infected by the disease to stay and live in a separate house so the spread can be stopped.  The hospital can allow people with symptoms for a free checkup so that more people can come and have their routine checkup.

It is high time because if the spread will increase at the same rate then controlling the disease would become difficult.

Regards,

John Andrews.

7 0
2 years ago
A mining company owns two mines, each of which produces three grades (high, medium, and low) of ore. The company has a contract
sashaice [31]

Answer:

They should operate Mine 1 for 1 hour and Mine 2 for 3 hours to meet the contractual obligations and minimize cost.

Explanation:

The formulation of the linear programming is:

Objective function:

C=200M_1+160M_2

Restrictions:

- High-grade ore: 6M_1+2M_2\geq12

- Medium-grade ore: 2M_1+2M_2\geq8

- Low-grade ore: 4M_1+12M_2\geq24

- No negative hours: M_1,M_2\geq0

We start graphing the restrictions in a M1-M2 plane.

In the figure attached, we have the feasible region, where all the restrictions are validated, and the four points of intersection of 2 restrictions.

In one of this four points lies the minimum cost.

Graphically, we can graph the cost function over this feasible region, with different cost levels. When the line cost intersects one of the four points with the lowest level of cost, this is the optimum combination.

(NOTE: it is best to start with a low guessing of the cost and going up until it reaches one point in the feasible region).

The solution is for the point (M1=1, M2=3), with a cost of C=$680.

The cost function graph is attached.

7 0
3 years ago
How does maggie stead make fizz in the coca cola cans?
RUDIKE [14]
<span>The fizz in coca cola cans is made up of carbon dioxide gas that is compressed. The gas is forced into soda can. The pressure is created when the gas molecules are forced into the tight space. When the can is opened the temperature and pressure changes cause the fizzing.</span>
3 0
3 years ago
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