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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

You might be interested in
During 2020, Stellar Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Stellar for a
Ber [7]

Answer:

What is the amount of gross profit realized during 2020?

(460 x $33.30) + (230 x $29.60) + (276 x $18.50) = $27,232

What is the amount of inventory of unsold straight chairs on December 31, 2020?

[(920 - 460) x $56.70] + [(690 - 230) x $50.40] + [(1,610 - 276) x $31.50] = $26,082 + $23,184 + $42,021 = $91,287

Explanation:

lump sum cost of chairs = $137,655

Type                     Chairs       Selling Price Each       Total

Lounge chairs       920                     $90                 $82,800

Armchairs              690                     $80                   $55,20

<u>Straight chairs      1,610                     $50                $80,500</u>

total                      3,220                                          $218,500

if we allocate costs based on resale, then each chair should cost:

Lounge chairs $90 x ($137,655 / $218,500) = $56.70

Armchairs $80 x ($137,655 / $218,500) = $50.40

Straight chairs $50 x ($137,655 / $218,500) = $31.50

contribution margin per chair:

Lounge chairs $90 - $56.70 = $33.30

Armchairs $80 - $50.40 = $29.60

Straight chairs $50 - $31.50 = $18.50

7 0
3 years ago
Ambiguity can arise as to whether receivables have been sold or instead are being used as collateral for a loan whenever certain
victus00 [196]

Answer:

is whether the transferor surrenders control over the receivables

Explanation:

In Sales of Receivables and Collateralized Borrowing,.companies do not want to wait for payments to arrive as they simply quickens cash collection with help of bank or financing company and also factoring and collateralized borrowings are various means to speed up cash collections. In Collateralized borrowing, receivables are simply collateral. Company gets cash from bank and is saddle with the responsibility for repaying loan.

Issues regarding collateralized borrowing are the sales of receivables had the purchaser is called a factor, borrowing using receivables as collateral and accounts receivable is not wipe off from seller's books.

6 0
2 years ago
Weekly demand figures at Hot Pizza are as follows:
garri49 [273]

Answer:

MAD:  10.04,  11.53

MAPSE: 10% ,  12%

MSE : 146.33,  178.72

Bias : -0.56 , -0.96

3-week moving average method is better

Explanation:

i ) Evaluate MAD ( average of absolute errors )

using  3 week moving average

= 10.04

using simple exponential smoothing

= 11.53

ii) MAPSE ( average of absolute percentage error )

using 3 week moving average

= 10%

using simple exponential smoothing

= 12%

iii) MSE ( average of Squared Errors )

3 week MV = 146.33 ,  Simple exponential smoothing = 178.72.

iv) Bias

3 week MV = -5/9 = -0.56,  Simple exponential smoothing = -8.69/9 = -0.96.

v) TS  ( Total error / MAD )

3 week MV = -5 / 10.04 = -0.49 ,

simple exponential smoothing  = -8.69 / 11.53 = -0.75

b) I prefer 3-week moving average based on the values of MAD , MAPE, MSE, bias and TS which shows that there is a better estimate when using the 3 -weeks moving average.

Attached below is the Tabular calculations of the required parameters for the  question

3 0
3 years ago
Always pay attention to your_______ markings and make every attempt to keep all of your wheels on the road surface.
steposvetlana [31]

Always pay attention to your lane markings and make every attempt to keep all of your wheels on the road surface. Road surface marking is any device or material that is used on a road surface to convey official information.

It is usually used in conjunction with road and marking machines (also referred to as road marking equipment or pavement marking equipment). They can also be used to identify parking places or designate areas for various purposes in other facilities where automobiles are present.

Road and markings are conceived of as horizontal traffic signs in various countries and territories (France, Italy, Czechia, Slovakia, and so on), as opposed to vertical traffic signs placed on posts.

To learn more about marking, click here.

brainly.com/question/3016269

#SPJ4

8 0
1 year ago
Despite the doctors gloomy prognosis when i entered the hospital, i was up and about
aksik [14]
Despite the doctors gloomy prognosis when i entered the hospital, i was up and about "<span>in a matter of days".
</span>
Prognosis refers to medical term which is used for foreseeing the probability of a man's survival. When connected to substantial factual populations, prognostic evaluations can be extremely exact: for instance the statement "40% of patients with serious septic shock will die in 30 days" can be made with some certainty, on the grounds that past research found that this extent of patients passed on. This factual data does not make a difference to the anticipation for every individual patient: extra data is expected to decide if a patient has a place with the 40% who will die, or to the 60% who will survive.
6 0
3 years ago
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