Suppose the skills needed to perform the work in the two industries are identical, and the supply of labor to the two industries is fixed at 6,000 workers per day. What will be the equilibrium wage, and how many workers will work in each industry?
Answers
Answer and Explanation:
The computation of the equilibrium wages and the number of workers in each industry is as follows:
Since the supply of labor is 6,000
As per the attached graph, the common rate is $8 per hour so if we take 2000 workers in industry A and 4000 workers in industry b
So, the equilibrium wage would be $8
Hence, the same would be considered and relevant too
Related Questions
A vegetable farmer wishes to switch to a combination of trees and vegetables (agroforestry) on several hectares of her land to reduce erosion and to diversify what she grows. She needs to assess whether her land can produce as much income by growing two crops instead of one. The farmer estimates that the new tree crop would cover 40 percent of her fields, with the vegetable crop covering the other 60 percent. Which equation should she use to calculate how much total income she would get from using the new two-crop plan
Answers
The best equation to show her the income from her plan is (( Tree income per hectare) x total hectares x 0.4) + (( Vegetable income per hectare) x total hectares x 0.6)
Finding the income from treesTrees will cover 40% of the field. The income would be
= Amount earned from trees per hectare x Number of hectares used by trees
Number of hectares used by trees = 40% x Total number of hectares
Income from trees will be:
= Amount earned from trees per hectare x 40% x Total number of hectares
= Tree income per hectare x 0.4 x Total hectares
Income from vegetablesApplying the same method as above:
= Amount earned from vegetables per hectare x 60% x Total number of hectares
= Vegetable income per hectare x 0.4 x Total hectares
Total income= Sum of both
= (( Tree income per hectare) x total hectares x 0.4) + (( Vegetable income per hectare) x total hectares x 0.6)
Find out more on benefits of diversification at https://brainly.com/question/14081320.
Suppose, Joe owns a custom decal shop. The Merry Maids maid service company orders seven $100 decals for its company vehicles. Then the maid service breaches the contract after the goods were produced, but before they were delivered. As a result, Joe has a bunch of custom decals for the maid service that he cannot resell. However, by a stroke of luck, a maid service from a nearby city that is also named Merry Maids desires labels for their car. They pay $50 per label for the seven labels that Joe already made. If Joe were to sue for damages, how much could he recover
Answers
Answer:
$350
Explanation:
Calculation to determine how much could he recover
Using this formula
Recovering Amount=Amount paid per Label*Numbers of Label already made
Let plug in the formula
Recovering Amount=$50*7
Recovering Amount=$350
Therefore If he were to sue for damages the amount he could recover is $350
A currency future is...
a - an exchange rate.
b - an exchange control.
c - a contract.
d - a floating currency.
Answers
Answer:
D
Explanation:
Currency futures are a exchange-traded futures contract that specify the price in one currency at which another currency can be bought or sold at a future date. ... Currency futures can be used to hedge other trades or currency risks, or to speculate on price movements in currencies.
Answer:
c
Explanation:
a contract.
does 1 plus 1 = 65 yes or no
Answers
Answer:
No 1 + 1 = 2
Explanation:
Lol
A cowboy hat manufacturer was interested in knowing how to price his or her work based on data rather than "gut feelings." He or she found that pricing concepts involve a language of special terms. Fill in the blanks with the word or phrase from the drop-down list that is among these special terms and would best complete each sentence. Words may be used more than once.
_____ refers to the portion of sales revenue left over after paying the product costs of cowboy hats. Target ____ are often based on norms in the hat industry. Cost-based pricing for cowboy hats uses the_____ plus a target _____ to calculate the sales price. Other term for margin is _______.
- margin
- markup percentages
- product costs/ markup precentage
Answers
Answer:
the last one
Explanation:
What is most likely to cause a rise in expenditure in an economy?
a. A rise in consumer confidence
b. A rise in income tax
c. A reduction in wealth
d. A more uneven distribution of income.
Answers
Answer:
B
Explanation:
because b i think gimme vbucks
The act that prohibits hacking, the use of cookies, creating viruses, or using click-stream data to obtain personal
information about individual computers that surf the Web:
Answers
Answer:
ECPA
Explanation:
The Electronic Communications Privacy Act prohibits all of those things specifically, according to the Business Law Edge lesson.
FORM 2 BUSINESS HOLIDAY ASSIGNMENT
1 Differentiate between
ru Business and Business Studier
(2) Trade and Commerce
Qin External and internal business environments
(in Generic and enterprise forms of competitive environment
2. Explain five Characteristics of Economic resources
3. Explain five Characteristics of good thing System
4. Explain five uses of computers in an office
5. Explorin five examples of small-scale retailers wilu Shop
6. Explain five functibus of Wholesalers
, to producers
7 Give five terms of
payments
in home trade
8. Give five advantages of sole proprietorship forms of business to
9. Give four Sources of capital for public Limited Compar
10. Give five roles of Conimersial attache's
16 Give five essential elements of Communication
12. Give five importance of Warehouse
13. Explain five trending issues in transport
14. Explain Metuels of government involvement in basica
15. Explain five barriers to effeceive Communication
Answers
Answer:
Explanation:
2.Private: Easily excluded and subtractive.
Common pool: Difficult to excluded and subtractive.
Toll: Easily excluded and jointly consumption.
Public: Difficult to exclude and jointly consumed.
3.These are hypothesized to include functional “goodness”, good infrastructure, reliability, connect-ability, versatility and benefits that overflow/overwhelm the system's scope or initial investment.
4.Some of the popular uses of computers in offices include preparation of word documents such as letters, reports, processing of work documents such as work orders and financial reports, presentation of reports and proposals to and behalf of executive and higher level office personnel, management of email services
6.(i) Buying and Assembling:
The wholesaler purchases goods in large quantities from different manufacturers and assembles them at one place and stores them in his warehouse and resell to the retailers.
(ii) Warehousing:
By preserving the goods received from different manufacturers in stores, the wholesaler performs the function of warehousing. The storage of goods is needed on account of time lag between production and consumption of goods.
(iii) Grading and Packaging:
The assembled goods are graded in accordance with their quality and packed in different containers before supplying to the retailers. In this manner, the wholesaler performs important marketing functions of grading and packing.
(iv) Transportation:
The wholesalers purchase goods from manufacturers and carry them to his godowns and then supply the same to the retailers. He may employ his own vans or hire vehicles for carrying the goods on account of bulk purchases. They can avail of economies in freight.
(v) Financing:
The wholesaler provides credit facilities to the retailers and manufacturers. They sometimes give advance to the manufacturers for the goods to be received later. By selling goods on credit they help the retailers.
7.
There are 5 types of payment methods available in international trade. These payment types are cash-in-advance, open account, documentary collections, documentary credits (letters of credit) and bank payment obligation.
8.Less paperwork to get started.
Easier processes and fewer requirements for business taxes.
Fewer registration fees.
More straightforward banking.
Simplified business ownership.
9.The main sources of funding are retained earnings, debt capital, and equity capital. These are long-term sources, medium-term sources and short-term sources.
10.Educating and advising exporters on trade regulations/practices in other countries.
Expansion and diversification of exports.
Organizing for trade fairs and exhibitions of local goods in foreign markets.
Expansion and diversification of foreign markets.
16. 5 elements of effective communication: the sender, language, environment, the receiver, and feedback. All of these elements contribute to sending and receiving a concise, clear message.
12.Warehousing allows for timely delivery and optimized distribution, leading to increased labor productivity and greater customer satisfaction. It also helps reduce errors and damage in the order fulfillment process. Plus, it prevents your goods from getting lost or stolen during handling.
13.Trend #1: Cloud-Based Systems Adoption.
Trend #2: Integrated, Frictionless Travel.
Trend #3: Visibility and Anti-Theft GPS.
Trend #4: Self-Driving Trucks.
Trend #5: Regulation Compliance.
15.There are five key barriers that can occur within a company: language, cultural diversity, gender differences, status differences and physical separation.
Hope this helped!!!
After one has completed a bachelor's degree, what are the next
THREE degrees one can obtain if accepted?
(3 x 1
Answers
Answer:
masters, doctoral, and associate
Explanation:
The next three are the Postgraduate diploma, Master of Science or Arts or Master of Philosophy( MPhil), and Doctor of Philosophy.
What are the next three degrees after a bachelors degree?The other degrees are Postgraduate diploma. One can still get a Master's degree in terms of coursework or a Master's degree in terms of research and lastly, a Doctoral degree.
The bachelor honors degree is known to be the start of a postgraduate specialization qualification and this is one that tend to prepares students for research-based postgraduate study.
Learn more about bachelor's degree from
https://brainly.com/question/17496239
choose the correct definition for interest
A. a percent amount of money charged for borrowing money
B. Earned on the original principal and interest earned
C. Per 100
D. Percent paid based on the original principal investment
E. Average distance of all data values from the mean of the set
Answers
Answer:
a
Explanation:
Lloyd and Linda pearl want to remodel the dining room in their house. The estimated cost for the job is $6890. They pay 30% of the cost up front and finance the rest at 15% for 48 months. What is the down payment? What is the amount financed? What is the monthly payment?
Answers
Answer:
The down payment is $2,067, the amount financed is $4,823, and the monthly payments are $115.55.
Explanation:
Given that Lloyd and Linda Pearl want to remodel the dining room in their house, and the estimated cost for the job is $ 6890, and they pay 30% of the cost up front and finance the rest at 15% for 48 months, to determine what is the down payment, what is the amount financed and what is the monthly payment, the following calculations must be made:
6890 x 0.3 = 2,067
6,890 - 2,067 = 4,823
(4,823 x 1.15) / 48 = 115.55
Therefore, the down payment is $ 2,067, the amount financed is $ 4,823, and the monthly payments are $ 115.55.
30 POINTS!! WILL MARK BRAINLIEST!!!!!!!!!
1. You have recently been hired by a leading firm, which provides information management solutions to large corporations. As a new employee you have been issued a new computer, which you will use to conduct your work. In an effort to keep your new computer running efficiently, you have been asked by your employer to create a maintenance schedule. Your performance will be measured on your ability to create and implement this schedule.
2. Conduct an Internet search to locate sample computer maintenance schedules. Using the information you learned in the Maintaining Windows lesson and the sample maintenance schedules, create a maintenance schedule you will use on your new computer. The maintenance schedule should contain the following:
a. A list of maintenance tasks to be completed daily
b. A list of maintenance tasks to be completed weekly
c. A list of maintenance tasks to be completed monthly
d. A list of maintenance tasks to be completed annually
3. Submit your completed maintenance schedule to your instructor.
Answers
Answer:
d. a list of maintenance tasks to be completed annually
Shaili bought a bond from Penny’s Pickles, Inc at par value ($1000) with a coupon rate of 6% and a maturity date 10 years in the future...
If interest rates are currently 3.5%, and Shaili sold the bond today, would she expect to get more than, less than, or equal to $1000 for it?
Answers
Answer:
I believe its less than.
Explanation:
Sorry if I am wrong
what are important of storing
Answers
Answer:
I'm sorry, but the way you worded this is impossible to understand. SO therefore, I cannot answer your question.
Explanation:
Charge cards require the cardholder to pay the full balance each due date.
True
or
False
Answers
SECTION B
ANSWER ALL ITEMS IN THIS SECTION.
1. Fill in the blanks by classifying the following activities as primary, secondary or
tertiary production.
(Total 5 marks)
A
= Banking
В.
= Forestry
С.
Canning of fish
D.
= Doctor
Е.
Working as a lumberjack
Answers
A-tertiary
B-primary
C-secondary
D-tertiary
E-primary
PLEASE MARK ME BRAINLIEST
___Information pertains to the problem and hand
A) accurate
B) complete
C) relevant
D) timely
Answers
who will win the fight tomorrow jake paul or ben askren
winner gets brainlest
Answers
Answer:
prolly ben askren
Explanation:
cause he was an ameture wrestler before
Answer: Ben askren bro
Explanation:
10
Rolando purchases 13 shares of COIN at $325 per share. If he sells the
shares at $365, what is the percent growth on his investment? *
5.2%
12.3%
42.2%
47.5%
Answers
Answer:
I want to say c cause it's 40 but then again I don't know
At what point in the job application process are soft skills particularly important
A when writing a cover letter
B when crafting resume resume
C when searching through job ads
D during the interview
Answers
Answer:
During the interview
Explanation:
Answer:
D During the interview
purpose of the labor relations act
Answers
Answer:
of what exactly????
Explanation:
prove that your uncle is robert downey jr.
Answers
Answer:
I have the iron man skin in fort.nite that he gave me
Explanation:
If you deposit money in the bank, in essence, you are: Group of answer choices a borrower, since all bank funds are borrowed from the federal government. a supplier of funds, since the bank simply is an intermediary between those who want to borrow loanable funds and those who are willing to lend them (depositors). a supplier of funds, since the bank loans money to you. neither a borrower nor supplier of funds in this case, since you have neither lent nor borrowed money
Answers
Answer:
a supplier of funds, since the bank simply is an intermediary between those who want to borrow loanable funds and those who are willing to lend them (depositors).
Explanation:
A deposit money bank can be regarded as a financial intermediary that connects a supplier of fund to those in need of funds.
Deposit money banks practice what is known as fractional banking
Fractional banking is a banking system where a portion of customer's deposits is kept as reserves while remaining portion is lent out. The amount kept as reserves is determined by the required reserve ratio set by the Central bank.
If the required reserve ratio is 10% and $100 is deposited, reserves would be $10 and $90 would be lent out
In a contingency plan, which risk is one that normally cannot be covered by an insurance policy?
A.
damage due to disruption by fire
B.
loss due to injury to staff
C.
loss due to breach of computer security
D.
damage due to the leak of a trade secret
E.
loss of property due to theft
Answers
why should we respect the life and culture of all people living in the country ?
Answers
Explanation:
Culture forms our identities and attitudes, and intercultural communication allows us to embrace and sometimes even integrate and learn the language with many other communities to some degree. In modern environment, cultural diversity is becoming extremely significant. We should respect all culture and community.
The exchange gain or loss on repatriated funds from a foreign branch is calculated by multiplying the nominal amount of the funds by: Group of answer choices the difference between the exchange rate at the beginning of the year and the exchange rate at the end of the year. the difference between the exchange rate on the date of repatriation and the exchange rate used to translate the branch's pretax income. the difference between the current exchange rate and the exchange rate at the end of the year. the difference between the exchange rate on the date of repatriation and the exchange rate at the beginning of the year.
Answers
Answer: the difference between the exchange rate on the date of repatriation and the exchange rate used to translate the branch's pretax income.
Explanation:
Repatriation simply means converting of foreign currencies into local ones. Earning of income in foreign currencies, by a comoany are typically subject to risk regarding foreign exchange which could bring about a loss.
It should be noted that the exchange gain or loss on repatriated funds from a foreign branch is calculated when the nominal amount of the funds is multiplied by the difference between the exchange rate on the date of repatriation and the exchange rate used to translate the branch's pretax income.
Suppose the government of Mexico runs a budget deficit. This will result in: A. an increase in interest rates in Mexico and an increase in the value of the peso relative to other currencies. B. a decrease in interest rates in Mexico and an increase in the value of the peso relative to other currencies. C. a decrease in interest rates in Mexico and a decrease in the value of the peso relative to other currencies. D. an increase in interest rates in Mexico and a decrease in the value of the peso relative to other currencies.
Answers
Answer:
I belive Is A Please Tell me if I'm wrong or right
COLORADO HAS A STATE INCOME TAX OF 4.63% ON ALL INCOME AND A SALES TAX OF 2.9%. ARE THESE TAXES PROPORTIONAL, PROGRESSIVE, OR REGRESSIVE
Answers
Answer:
Progressive because It is a tax in which the tax rate increases as the income increases.
Select the correct answer from each drop-down menu.
Complete the statements.
Rhonda works in the sales department of a service company. She is never late for work. She gets along well with her coworkers, but she has a habit of discussing the lives of other coworkers in their absence. So, although Rhonda is ____________
, she exhibits _________ with her coworkers.
options for first space: incompetent, nervous, punctual
options for second space: honesty, unprofessionalism, confidentaility
Answers
Answer:
1 punctual 2 unprofessionalism
she is punctual and has has an habit of being unprofessional
from 1960 to 1970, the consumer price index (CPI) increased from 29.6 to 38.8 if a dozen tangerines cost 0.31 in 1960 and the price of tangerines increase at the same rate as the CPI from 1960 to 1970, approximately how much did a dozen tangerines cost in 1970
Answers
Answer: $0.41
Explanation:
A consumer price index measures the average price changes of goods that are bought by people in an economy. It shows the level of inflation in an economy.
To calculate the cost of a dozen tangerines in 1970we have to know the percentage increase in price index from 1960 to 1970 and this will be:
= [(38.8 – 29.6) / 29.6] × 100%
= (9.2 / 29.6) × 100%
= 31.08%
Let's represent the price of a dozen tangerines in 1970 by X and solve. This will be:
31.08 = (X - 0.31) × 100 / 0.31
Cross multiply
(31.08 × 0.31) = 100X - 31
9.6348 = 100X - 31
100X = 9.6348 + 31
100X = 40.6348
X = 40.6348 / 100
X = 0.46348
X = 0.41
Therefore, the cost of a dozen tangerines in 1970 is $0.41