In a purely competitive labor market, Multiple choice question. the supply of labor faced by an individual firm is perfectly inelastic. the demand for labor faced by an individual firm is perfectly elastic. the supply of labor faced by an individual firm is perfectly elastic. the supply of labor faced by an individual firm is perfectly unit-elastic.

Answers

Answer 1

Answer:

the supply of labor faced by an individual firm is perfectly elastic.

Explanation:

In the case of the pure or perfectly competitive market when the wage rate is calculated instead by an individual firm so the each and every firm is wage taker this implies that the real equilibrium wage would be set in the market and the labor supply that faced by an individual firm would be perfectly elastic at the market rate

Therefore the third option is correct


Related Questions

The first thing that the customer needs to do to take a loan is what

Answers

Check their credit will be your answer hope this helped plz mark brainlist

I will give 30 points if somebody answers all of these questions !!!

Answers

Oh heck yeah, that's a lot of points!! Here we go.

1. Teamwork allows an employee  to be more responsible for decision making and have more control over the work process. Working in teams also gives employees a greater sense of belonging, which can help them have more pride in their job and therefore, their company.

2. Direct, Coach, Delegate, and Support.

Direct: High directive but low supportive behavior.Coach: High directive + support behavior, ideal for the workplaceDelegate: Low support + directive, not good for the workplaceSupport: High supportive, low directive.

3.

Goals that are agreed upon and committed tooRoles that are clear and conflict freeProcesses such as effective meetings, problem solving, and design makingInterpersonal Relationships

4. The process in which two or more people work toward a solution or dispute.

5. An image that you've created around your professional self. It should represent a combination of skills and experiences that are unique to you, rather than your company or product.

6. Review your decision and its consequences, both positive and negative.

7. It is essential to making a good decision.

I hope this helps you!! Thank you so much for the points by the way!!

If an economy's MPC is 0.95 and the marginal propensity to import is 0.15, then an increase in government spending of $1,000 will increase income by Group of answer choices

Answers

Answer:

Income will increase by $5,000.

Explanation:

From the question, we have:

MPC = 0.95

MPI = marginal propensity to import = 0.15

Amount of increase in government spending = $1,000

Therefore, we have:

Multiplier with imports = 1 / (1 - (MPC - MPI)) ....................... (1)

Substitute the values into equation (1), we have:

Multiplier with imports = 1 / (1 - (0.95 - 0.15)) = 1 / (1 - 0.80) = 1 / 0.20 = 5

Therefore, we have:

Amount of increase in income = Amount of increase in government spending * Multiplier with imports = $1,000 * 5 = $5,000

Therefore, income will increase by $5,000.

What does making a good decision mean?? How can I make a good decision?

Answers

Answer:

A good decision is one that is made deliberately and thoughtfully, considers and includes all relevant factors, is consistent with the individual’s philosophy and values, and can be explained clearly to significant others.

Ways to make good decision:

Set Aside Time to Reflect on Your MistakesStop Thinking About the ProblemFrame Your Problems In a Different WayIdentify the Risks You TakeTake Note of Your OverconfidenceTalk to Yourself Like a Trusted FriendLabel Your EmotionsAcknowledge Your ShortcutsConsider the Opposite

appraisal report must include a disclosure of the scope of the work that: the client requested at the time of the assignment. the appraiser performed in the assignment. the client requested upon completion of the assignment. the appraiser determined to be appropriate at the start of the assignment.

Answers

Answer:

The correct answer is the appraiser performed in the assignment.

Explanation:

In order to appraise, or evaluate someone's work, the report must include all details of the work performed. Otherwise, how else would that finished job be evaluated? It's important to describe the work done in order to determine how well or how badly the appraiser performed in the assignment, according to the appraisal report.

When Paul listened to the presidential candidate debates, he heard one candidate proposing to increase taxes and the other candidate responding that this would cause firms to decrease production. How would this be described by an economist? Group of answer choices

Answers

Answer:

as taxes increase, there is a decrease in supply

Explanation:

In which period of industrial revolution industries experienced the need of selling function

Answers

Answer:

Industrial revolution industries experienced the need of selling function is explained below in details.

Explanation:

The Industrial Revolution converted economics that had been based on cultivation and craftsmanship into markets based on large-scale manufacturing, mechanized production, and industry arrangement. New instruments, new energy sources, and new forms of creating a product made present industries more fruitful and effective.

Describe the three different ways the argument section of a cover letter can be formatted.

Answers

Answer:

i think they are personal, formal and informal

Explanation:

im not sure but i think thats it

The three different ways for formatting the argument section of a cover letter are paragraphs, bullet points, and T-form.

The formal paragraph format uses the block paragraphs ideal for a business letter, wherein the argument of the cover letter is presented in the second and third paragraphs in complete sentences.

The bullet points format lists the argument of the cover letter as bulleted points instead of in paragraph form. Using bullet points focuses on the applicant's qualifications, making them attractive to the reader.

Lastly, the argument section of the cover letter can be presented in a T-form. This format enables the applicant to compare the requirements of the vacancy notice with their qualifications.

Thus, the argument section of a cover letter can be formatted uniquely, depending on the occasion and the reader.

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How does a fixed exchange rate set the value for a currency?
A. By setting it at a specific value based on another currency
B. By adjusting the price based on the supply and demand for it
C. By comparing the terms of trade between multiple countries
D. By evaluating the overall economic health of different countries

Answers

A fixed exchange rate set the value for a currency by setting it at a specific value based on another currency. Thus the correct answer is A.

What is currency?

A currency is referred to as a form of money that is utilized for buying and selling goods. This currency differs in value from country to country. A fixed exchange rate system is one in which the value of one currency is equal to the valuation of another common currency.

Two currencies from different countries will be shared at an equal price with the help of a fixed exchange rate, the prices of the currency will fluctuate based on the factors like demand and supply as well as inflation.

Therefore, option A by setting it at a specific value based on another currency is appropriate.

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Answer:

A. By setting it at a specific value based on another currency

Explanation:

Which of the following leadership theories offers answers about whether there is an optimism way for leaders to adjust their behaviors with different followers in which factors should the leader base his behavior on?

Answers

Answer:

path-goal theory

Explanation:

The path-goal theory is one that gives the leader the possibility to adapt his behavior according to individual and collective needs in the work environment. This theory aims to ensure that the leader recognizes the needs of each employee and indicates the path necessary to achieve the objectives and goals of the organization.

This model aims to achieve greater motivation and productivity with a leadership model based on the fulfillment of the employee's individual expectations in relation to their work.

Jewel does not get along with her employer, and today she found out that she is going to be demoted next week. She didn't confront her boss; instead, when she got home, she yelled at her children and spanked her youngest child for a minor wrongdoing. Jewel's behavior is a classic example of

Answers

Answer:

Yes

Explanation:

Stress and Depression

do a man's physical strength allows his to work more effectively than a women?

Answers

Answer:

yes

Explanation:

if we are talking about a job in which strength is necessary men tend to be stronger this is because of muscle structure and other evolutionary factors in the way but if it's a job about art things that the creativity and not use of strength is needed is fair game

Answer:

yes

Explanation:

what he said  ^

       

What is possibly the biggest reward of becoming an entrepreneur? *
a. empowerment
b. fame
c. money
d. none of the above

Answers

Answer:

c.

Explanation:

because it is busineas

Which financial statement reports the company's revenues and selling costs over a period of time?

Answers

Answer:

Income Statement

Explanation:

The income statement is among the three financial statements that a business prepare at the end of a period. It reports on business profitability.

An income statement has three parts,

The revenue section that lists all sources and the amounts of revenues for the period. Revenues include discounts received and purchase returns. The expenditure section indicates all the expenses the business incurred in generating its revenues.The income section tells whether the business made a loss or a profit.  It is the difference between the revenue and the expenses.  

The Southwest Clothing Company borrowed a sum of cash on October 1, 2016 and signed a note payable. The annual interest rate was 12% and the company's year Income Statement (accounting period ending December 31) reported interest expense of 1.260 € related to that note. What was the amount borrowed?

Answers

Answer:

$42,000

Explanation:

Calculation for the amount borrowed

Amount borrowed=$1,260/(12% x 3/12)

Amount borrowed=$1,260/0.03

Amount borrowed=$42,000

Note that October 1, 2016 to 31 December 2016 will gives us 3 months

Based on the above calculation $42,000 which is the amount borrowed x 12% x 3/12 = Interest expense amount of $1,260

Therefore the amount borrowed is $42,000

The phrase leadership praise followers in public private is really a statement concerning what two important parts of communication?

Answers

The phrase leader should praise followers in public and punish them in private is really a statement concerning what two important parts of communication?

Answer:

Encoding and Decoding

Explanation:

The two important parts of communication in this situation is known as Encoding and Decoding

Here the Encoding means that the sender that is leader, sends the message that is praise in the public, to an effect, that is using certain symbols including actions, words, etc, such that the receiver can quickly grab the message.

At the same time, with the Decoding, the receiver that is followers quickly understood the message, that is praise in the public or punishment in the private, in a way that the meaning of the message is not lost.

Hence, in this case, the correct answer is Encoding and Decoding.

The US economy is in a recession. Explain how to use the fiscal OR monetary policies of the US government to positively impact the economy of the United States. List three different policies and how they could be applied.

Answers

Answer:

Recession is the downfall of economy and and different fiscal policies can help support the economy and uplift the economic activity.

Explanation:

A recession may be defined as a downfall of the economy or a decline in the economic activity. It occurs if there is a drop in spending.

The Fiscal policy of the government or the monetary policy helps to sustain the economy of the country. The main aim of the fiscal policy is to support the people and strengthen the downward shock and help them to stand against the recession.

Firstly the fiscal policy of the federal government should support the one losing their jobs with resources and benefits.

Secondly the government can distribute some funds to the households to support their families so that the people can survive and also there would be some purchasing power to the economy.

The Federal government can support the States spending. The monetary policy can guarantee loans to the businesses.

If GNP is $200 billion, receipts of factor income from the rest of the world are $10 billion, and payments of factor income to the rest of the world are $30 billion, then GDP is

Answers

Answer:

$220 billion

Explanation:

GNP is $200 billion

Factor income from the rest of the world is $10 billion

Factor income to the rest of the world is $30 billion

Therefore the GDP can be calculated as follows

= $200 billion + (30 billion- 10billion)

= $200 billion + 20 billion

= $220 billion

Hence the GDP is $220 billion

The
is a voice for small business.
O SBA
O SCORE
O SBDC

Answers

The voice for small business is SBA

Answer:

SBA

Explanation:

Jean has created a self improvement plan so she can meet her goal of getting a raise in six months. Which of these is an element of a good self improvement plan?
a.
Track goals only when they are completed
b.
Track goals in progress and revise as necessary
c.
Track goals only when they are assigned
d.
Track goals in progress and never revise

Answers

Answer:

b

Explanation:

A good self improvement plan should track goals in progress and revise as necessary. This allows for flexibility in adjusting the plan as needed to ensure progress towards the desired outcome. Therefore, option b is correct.

What do you meant by self improvement?

Self-improvement refers to the process of taking intentional actions to enhance one's skills, knowledge, and overall well-being.

It involves setting goals, identifying areas of weakness or areas that need improvement, and working on developing oneself in those areas. This could include developing new habits, learning new skills, or improving existing ones.

The goal of self-improvement is to become a better version of oneself, both personally and professionally. It can lead to increased confidence, self-awareness, and a sense of fulfillment.

Self-improvement can be achieved through various means such as reading, taking courses, seeking mentorship, attending workshops, or engaging in physical exercise, among others. It is a continuous process that requires dedication, commitment, and a willingness to learn and grow.

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When the source data is final and will not be edited, you can use a static consolidation.
(TRUE OR FALSE)

Answers

Answer:

False

Explanation:

Data consolidation is a command that summarizes information from multiple excel worksheets and combines them in a single consolidated worksheet.  The command does not affect the original data. Consolidation is either static or dynamic.A change in the origin or source worksheets does not reflect in the consolidated worksheet in static consolidation. Dynamic means that a change in the source worksheets will be updated in the consolidated data automatically.When the source data is final and will not be edited, dynamic consolidation is applicable.

Each tile shows an investors tax bracket

Answers

i’m confused on what your asking?

what is the main aim of business office​

Answers

Answer:

the main aim is to aim for correct and fast work

Janna owns a jewelry shop that sells handmade jewelry. Her employees are paid a certain amount for each bracelet and necklace they produce, regardless of the amount of time it takes. This is a

Answers

Answer:

Piece rate system

Explanation:

The piece rate system is the system in which the price is paid according to the units make or produced

Since in the question it is mentioned that the Janna sells handmade jewellery and her employees would paid a specific amount for each bracelet and necklace they developed irrespective of the time it takes so this represents the piece rate system

So the same is to be considered

Markets fail to allocate resources efficiently when a. demanders and suppliers cannot agree on a price. b. property rights are not well established. c. too many buyers and sellers exist in the same market. d. goods are rival in consumption and excludable.

Answers

Answer:

b. property rights are not well established.

Explanation:

Since in the question it is mentioned that the markets is not able to allocate or distribute the resources efficiently and this would happen at the time when the property rights were not well created or developed

Therefore as per the given situation, the option b is correct

hence, the same is to be considered

ANd, the rest of the options are wrong

In the liquidity trap a small change in interest rates produces ________ change in the quantity of money demanded. A) a small B) no C) a proportionate D) a very large

Answers

Answer: D. A very large

Explanation:

Liquidity trap is when an expansionary monetary policy that is a situation when there's an increase in money supply does not stimulate the economic growth.

Due to this, the public prefers to hold on to the money that they've. Therefore, in the liquidity trap a small change in interest rates produces a very large change in the quantity of money demanded.

describe the problem of transportation in Nepal ​

Answers

Answer:

Nepal is a nation located in the Himalayan Mountains, bordering India and China, being a kind of buffer nation between both powers.

Given its location, it does not have access to the sea, which makes maritime transport impossible. In addition, the rivers that pass through its territory are at such an altitude that river transport is impossible.

On the other hand, its mountainous location makes the construction of routes that connect the nation with its neighbors complex, since they must avoid the highest mountains on the planet in a few kilometers of range. Even so, some routes cross the country from east to west, delivering Nepalese products to China and India.

This makes air transport the most effective within Nepalese territory, where there are some 44 airports located, the most important being that of its capital, Kathmandu.

Using the SMART goal-writing criteria, what refers to asking how to achieve the goal?

Specific
Measurable
Attainable
Realistic

Answers

The correct option is B. Using the SMART goal-writing criteria, Measurable refers to asking how to achieve the goal.

By making goals specific, measurable, attainable, reasonable, and timely, SMART goals position you for success. The SMART method encourages you to go further, provides you with a feeling of purpose, and you in organizing and achieve your objectives.

Why is having a goal important?

Setting objectives can help you develop new habits, focus more clearly, and maintain your momentum in life. Goals also aid in concentration alignment and foster a sense of self-mastery. In the end, it comes down to the fact that you can't manage what you don't measure and that you can't improve on what you don't adequately manage.

In order to set goals, a SMART goal is utilized as a guide. The letters SMART, which stand for "specific, measurable, attainable, realistic, and timely," are an acronym. As a result, a SMART goal includes all of these criteria to help you focus your efforts and improve your chances of success.

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Monopolistically competitive firms do not achieve allocative efficiency because the _____. Multiple choice question. price for a monopolistically competitive firm is lower than the average cost output produced is less than optimal and consumers pay a lower than competitive price, causing inefficient use of resources for society output produced is more than optimal and consumers pay a lower than competitive price, causing inefficient use of resources for society price for a monopolistically competitive firm exceeds the marginal cost

Answers

Answer:

price for a monopolistically competitive firm exceeds the marginal cost

Explanation:

Monopolistically competitive firms do not achieve allocative efficiency because the "price for a monopolistically competitive firm exceeds the marginal cost"

Allocative efficiency is known to be an economic concept which actually regards efficiency at the societal level. This usually refers to the production of the optimal quantity of some output. The quantity produced is actually the marginal benefit of one more unit which the society enjoys and which is equal to the marginal cost.

In a monopolistically competitive industry, they will produce a lower quantity of a good and then their prices will be higher than would a perfectly competitive industry. A monopolistic competitive firm’s demand curve actually slopes downward. This then means that it will charge a price that exceeds marginal costs.

One major advantage of credit is that it allows consumers to
A.eliminate debts that they are unable to pay off
B. Earn a higher salary for each year at the same job
C. Make a large purchase and pay for it over time
D. Earn interest on money they put in savings accounts

Answers

Make a large purchase and pay for it over time

The correct option is C. One major advantage of credit is that it allows consumers to make a large purchase and pay for it over time.

What are the advantages of Credit?

Credit can be an effective instrument for improving your financial situation, gaining access to better financial products, reducing interest costs, and even avoiding the need to make a deposit when opening utility or cell phone accounts.

Thus, Customers that have credit can make purchases of products or assets without having to pay in cash upfront. A person with a strong credit history has a demonstrated history of repaying all of their debts in full and on schedule.

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