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FrozenT [24]
3 years ago
13

Yani just graduated from college and moved back to his hometown in Connecticut. He is offered a job at the large insurance firm

that employs most of the town. The salary they offer him is much lower than he hoped. Since the insurance firm is a monopsony in his town, when Yani writes a counter wage offer, what will most likely happen
Business
1 answer:
user100 [1]3 years ago
7 0

Answer:

With Yani's counter-wage offer, the insurance firm will likely reject his counter-offer and, in the extreme, withdraw the employment proposal with the firm.

Explanation:

As indicated in the question, the insurance company is a monopsony.  A monopsony is the single buyer in the marketplace.  This means that there is no other firm that can employ Yani in his Connecticut hometown.  He must look for another job in another environment outside his hometown or condescend to accept the lower than hoped-for salary by the large insurance firm.

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If the required reserve ratio is 0.08, a bank can lend out:
GrogVix [38]

Answer:

C) 92 percent of its deposits.

Explanation:

Since, the reserve ratio represents the portion of deposit that a commercial bank must hold onto, rather than lend out or invest.

i.e. if reserve ratio = a%,

Then the percentage of amount that bank can land out = (100-a)%,

Here,

Reserve ratio = 0.08 = 8%,

Thus, the percentage of amount that bank can land out = (100-8)% = 92%.

i.e. bank can land 92 percent of its deposits.

8 0
3 years ago
RJR Nabisco (a U.S. company) allows a company in Singapore to use its brand name and recipes to produce and sell one of its prod
djyliett [7]

RJR Nabisco allows a company in Singapore to use its brand name and recipes to produce and sell one of its products - Planters Nuts. This type of international arrangement is called licensing.

<h3>What is licensing?</h3>

Generally, licensing is simply defined as granting someone formal authorization to do, have, or sell something: In many nations, licensing is used to determine who should sell what.

In conclusion, a license shows the authenticity of a producer.

Read more about License

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7 0
2 years ago
The amount of money the policyholder pays per claim before the insurance company will pay on the claim is known as the:_______.
ExtremeBDS [4]

Answer: deductible

Explanation:

The deductible is a term that is used in insurance which simply means the amount of fund that is paid by a policy holder from his or her pocket before the insurance company will then pay any other expenses.

Deductible is typically used by insurance companies in order to ensure that the policy holders will also share any cost that is involved in the claim.

8 0
2 years ago
Consider a firm that has fixed costs of $300. The firm also faces a marginal cost of $600 for producing the first unit of output
Neko [114]

Answer: $400 per unit

Explanation:

The total cost of producing all three units is:

= Fixed cost + marginal costs

= 300 + 600 + 200 + 100

= $1,200

The average total cost is:

= 1,200 / Number of units

= 1,200 / 3

= $400 per unit

6 0
3 years ago
Samson is an engineer at Ket Technologies. Samson sends daily reports about his work to Bryce, his team leader. Bryce reports th
likoan [24]

Answer:

The correct answer is .A) bureaucratic

Explanation:

A bureaucratic organization is very organized with a high degree of formality in the way it operates.

3 0
3 years ago
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