Choices that is part of this question:
A. a shortage of housekeepers
B. no change in the market for housekeepers
C. a surplus of housekeepers
D. an increase in the qty. of housekeepers supplied
E. unemployment of housekeepers
Equilibrium wage rate is the wage rate wherein the demand meets the supply. However, it does not automatically imply that it is the actual rate given to the housekeeper.
For me, an increase in the minimum wage rate will lead to a <span>D. an increase in the qty. of housekeepers supplied</span>
Empire has a credit balance of $750 in its allowance for doubtful accounts. the balance in the accounts receivable account is $80,500, with $2,415 estimated to be uncollectible after aging the accounts. under the balance sheet approach, the debt to bad-debt expense will be $ 1,665.
Answer:The marginal cost of fourth unit is $589
Explanation:The marginal cost of a good is defined as the cost of producing an additional one unit which increases the total cost of such good. Therefore we can say that;
Marginal cost=Total cost at 4 units - total cost at (4-1) units
=total cost of the 4 units - total cost of the three units
=3,087 -2,498
=$589
Also using the formulae;
Marginal cost = Change in cost / change in quantity
= 3,087 -2,498/4-3 =589/1= $589
The marginal cost of fourth unit is $589
Answer:
the average amount people are paid for working that job
Explanation:
The term median salary refers to the average amount people are paid for working that job. It basically takes the salary of every individual in that specific position (usually in a specific country, since the economy applies) and calculates the average of all those salaries. This would then become the median salary. It is also what is used to represent what an individual in that position should be getting paid for doing the work. Under this median salary, amount would mean that they are underpaid.
False. Interest rates rise as the expected inflation also increases.
