How is the wage rate determined through the forces of demand and supply of labor?

Answers

Answer 1

Answer: Just as in any market, the price of labor, the wage rate, is determined by the intersection of supply and demand. When the supply of labor increases the equilibrium price falls, and when the demand for labor increases the equilibrium price rises.

Explanation:


Related Questions

Long Text (essay)
Journal: Please respond to the following:

Why do you think entrepreneurship is important to the economy?

Answers

Entrepreneurship is important for a number of reasons, from promoting social change to driving innovation. Entrepreneurs are frequently thought of as national assets to be cultivated, motivated, and remunerated to the greatest possible extent. In fact, some of the most developed nations such as the United States are world leaders due to their forward-thinking innovation, research, and entrepreneurial individuals.

Great entrepreneurs have the ability to change the way we live and work, on local and national bases. If successful, their innovations may improve standards of living, and in addition to creating wealth with entrepreneurial ventures, they also create jobs and contribute to a growing economy. The importance of entrepreneurship is not to be underappreciated

Entrepreneurship is important to the economy as they act as a support system in the growth of the economy.

What is entrepreneurship?

A person who has a strong interest in conducting business based on creativity and technology and who is willing to take risks in order to improve the lives of others is referred to as an entrepreneur. This is the process that is known as entrepreneurship.

The ratio of annual production to annual consumption, as well as the analysis of an individual's purchasing power, serve as the primary indicators of a nation's economic health.

By developing new goods and services, businesses encourage the creation of new jobs, which lowers the nation's unemployment rate and raises people's spending power, both of which has the net effect of speeding up economic growth.

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PLEASE HELP! IN A TEST! A salesperson may sell from a distance except when it involves _____.
A. contacting people through email messages
B. contacting people who have opted
out of receiving sales messages
C. letting customers place orders on a company's website
D. contacting people through telemarketing

Answers

Answer:

b

Explanation:

A salesperson may sell from a distance except when it involves contacting people who have opted out of receiving sales messages. Thus option (b) is correct.

Who is a salesperson?

A salesperson is a person who is employed by a company or organization to sell products or services to customers. The primary role of a salesperson is to identify potential customers, establish relationships with them, and persuade them to purchase the company's products or services.

They may use a range of techniques to sell, including advertising, direct marketing, and personal selling. Successful salespeople typically have strong communication, interpersonal, and negotiation skills, and are able to build trust and rapport with customers.

If a person has opted out of receiving sales messages, the salesperson is not allowed to contact them for marketing purposes. Therefore, option (b) is correct.

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3. Who was the first customer of mcdonald's and what was ordered?

Answers

Answer:

The main McDonald's eatery was begun in 1948 by siblings Maurice ("Mac") and Richard McDonald in San Bernardino, California. They purchased machines for their little cheeseburger eatery from sales rep Ray Kroc, who was fascinated by their requirement for eight malt and shake blenders.

Explanation:

You work at an insurance agency. Your boss has asked you to purchase eight computer screens for the office. You are considering two online stores. The first store charges $629.99 total for the screens and offers free shipping. The second store charges $579.49 total for the same screens, and charges $39.99 for shipping all eight screens. Additionally, you have an online code for a $20 discount at the first store. What is the final cost for the store that offers the better deal?

Answers

Answer:

after you compute the total costs per store, you should purchase the computer screens from the first store

Explanation:

the total cost for the first store = $629.99 (including freight) - $20 (discount coupon) = $609.99

the total cost for the second store = $579.49 (computer screens) + $39.99 (freight) = $619.48

after you compute the total costs per store, you should purchase the computer screens from the first store

How many months will it take Damián to save up the money for first and last month's rent? Damián's monthly paycheck = $1,300 First and last month's rent = $750 + $750 = $1,500 First month's groceries, cable and internet = $200 + $ 100 = $300 ​

Answers

Answer:

2 months

Explanation:

Damian requires the first and last months rent = $1500

His monthly income is $1,300

The first month's expenses are $300 ( groceries, cable, and internet)

Possible savings from month one = $1000 ($1300 - $300)

To get $1500, Damian will need to save for two months.

As a smart consumer, you are always on the lookout for sales, coupons, and rebates. While shopping for new clothes, you notice that one particular brand of shirts is on sale for 20% off the original price. You also have a coupon for $10 off a $40 purchase. Coupons are applied after the 20% discount is taken. If each shirt originally costs $17.99, how many shirts would you need to buy to be able to use your coupon? Show your work

Answers

Answer:

3 shirts

Explanation:

The cost of one shirt is  before discounts is $17.99

After a 20% discounts, the shirt will retail at  

= $17.99 - (20% of $17.99)

=$17.99 -$3.598

=$14.392

The coupon applies purchases worth $40. A customer will need by

=$40/$14.392

=2.7793

The customer has to buy 3 shirts

Which document describes a worker's employment experience, strengths, skills, education, and other qualifications?
A.

Resume
B.

Cover letter
C.

Referral
D.

Reference

Answers

Answer:

A. Resume

Explanation:

A resume is a document prepared by a job seeker to itemize their education qualification and work experiences. It is a formal document sent to a potential employer by a job applicant. The resume shows an applicant's qualifications for the position advertised.

A resume is usually sent together with a cover letter.

Answer:

It's A

Explanation: hope it helps ^w^

taylor what happened

Answers

Answer:

whos taylor?

Explanation:

i dont know anyone named taylor so...

Answer:

do fish get thristy? this is a assignment for health

Which statement best compares simple and compound interest

(A) Simple interest increases each year by the same amount while compound interest remains the same each year
(B) Both simple and compound interest rates are guaranteed to stay the same each year
(C) Both simple and compound interest are calculated based on principal and earned interest but simple interest is lower
(D) Simple interest is gained only on the principal amount of an account while compound interest is based on previous interest earned

Answers

Answer:

D. Simple interest is gained only on the principal amount of an account while compound interest is based on previous interest earned

Explanation:

:)

The best comparison of simple and compound interest is simple interest is gained only on the principal amount of an account while compound interest is based on previous interest earned.

What is Interest?

Interest is the cost of borrowing money or the cost of lending money. It is most commonly expressed as an annual percentage of the loan amount.

The interest rate is calculated on the investment or loan. There are two methods for calculating interest. Simple interest (SI) and compound interest (CI) are the two methods (CI). Simple interest is the interest paid on a loan or investment. It's based on the principal amount. Simultaneously, Compound Interest is interest calculated on interest. It is based on the principal amount as well as the interest from the previous period.

Therefore, Option (d) is correct.

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Which of the following terms describes doing things in a way that dies not deplete natural resources or damage the environment

Answers

Answer:

B. sustainability

Explanation:

Here are the options to this question

A. efficiency

B. sustainability

C. reliability

D. renewable

Sustainability involves the proper use of resources found in the environment to ensure that they last or are available for future generations.

Methods of ensuring environmental sustainability :

1. recycling

2. reducing the use of non renewable resources and using more renewable resources

3. reducing the amount of pollution

Answer:

sustainability

Explanation:

edge 22

Through a comparable company analysis for Alibaba, you determined a P/E ratio of 6.0x is appropriate to value the company. Based on this metric, what is the implied Enterprise Value of Alibaba? Review Later $740,366 $1,391,693 $1,055,792 $898,073

Answers

Answer:

$740,366

Explanation:

The computation of the enterprise value is given below:

P/E ratio = Market Capitalization ÷ Earnings

6 = Market Capitalization ÷ $149,680

Market Capitalization is

= 6 × $149,680

= $898,080

Now,

Enterprise Value = Market Capitalization + Market Value of Debt - Cash & Cash Equivalents.

= $898,080 - $157,714

= $740,366

Give an example of 3 wants of businesses and describe WHY they are wants

Answers

A want is something which we would like but do not need to survive. Humans have five basic needs: food, water, shelter, warmth, and clothing. ... Products are launched to fulfill the needs and wants of the consumers in the business's target market. A market is defined as a place where buyers and sellers meet.

you should try to get the lowest interest rate possible in which situation

(A) you are lending money to a bank
(B) you are borrowing money from another person
(C) you are lending money to another person
(D) you are putting money in a savings account

Answers

Answer:

B. you are borrowing money from another person

Explanation:

rest is you giving money to others which if you could youd want higher interest rates for

Answer:

You are borrowing money from another person.

Explanation:

5. What laws exist between parents and children?

Answers

Parents have a legal right to custody their own child. Parents are legally required to support their minor children basically providing food, clothing, shelter, and basic care.

List 2 ways in which constellations are used.

Answers

In Ancient times, constellations were used to create and track the calendar so they knew when to plant crops and harvest them. Constellations were also used for navigation and to help sailors travel across oceans.

Answer:

1) To find Stars

2) To tell the date.

Explanation:

1) Constiltions can be used to find stars. For example if you are looking for a speific star, constilations could help you find them. Some of the most  recognized constilatitons are Orion, Ursa Major/minor , and Scorpius.

2) Of course now days, we have calenders to keep track of the days. But in the past, people would use the stars to help the figure out the day, especially in ancient times. Now we have so much technology, that using the stars to treack the days, arent necesary, but in ancient times, it helped people figure out when they could plat their crops.

The global stock market is often volatile. if your entire investment portfolio loss 10% of it's value in a month during a market decline, what would you do?
A. Sell all of your investment
B. Sell some
C. Keep all / Buy more​

Answers

Answer:

B sell some

Explanation:

in a scenario where it is dropping, it doesn't mean it won't come back up. So you would sell some but keep a few so if it went up you still make profit

Based on the provided information, what i would do in this case is that i will sell some of the investment.

According to the question, we are to discuss about selling if investment in a case global stock market is often volatile and my entire investment portfolio loss 10% of it's value in a month.

As a result of this i will sell some of the investment, then keep some because the global market can still rise.

Therefore, option B is correct because, global market can still rise.

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Who will the landlord decide to be more creditworthy and why?
Tomas because the ratio of his debt to income is less.
Jaina because she has had her job longer, which makes her look more stable.
Jaina because she has more credit cards available to her.
Tomas because he makes more money per month.

Answers

Answer:

(A)

Explanation:

Edg 2020

The landlord decide to be more creditworthy to Tomas because the ratio of his debt to income is less. Thus, option (a) is correct.

What is landlords?

The landlords own the land. The landlords' property is included in the rent. A landlord is anybody who rents out a property they own for a period of less than seven years through a lease or a license. The landlords security fees are advanced are called the moral hazard.

According to the landlord decide to be more creditworthy are the main reason was the ratio of his debt to income is less. The moral hazard of landlord  thinking the security risk, a person will not act in the right method towards that because it is a protected deposit. The creditworthy is high chances ratio of his debt to income is less.

As a result, landlord decide to be more creditworthy to Tomas because the ratio of his debt to income is less. Therefore, option (a) is correct.

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what's an economy? how does it work?

Answers

What is an economy:

The wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.

How does it work:

The three principles that describe how the economy as a whole works are: (1) a country's standard of living depends on its ability to produce goods and services; (2) prices rise when the government prints too much money; and (3) society faces a short-run tradeoff between inflation and unemployment.

Hope this helps :)

In order to start a successful company, it is important to rely on other people to do all the work for you. True False​

Answers

Answer:

False!

It's best to have people to rely on, but also do the work yourself!

Answer:

Mama... False

Explanation:

False Joe mama

The particular market segment your company is trying to sell your products or services to is your?

Answers

Answer:

Target market

Explanation:

Target market refers to the potential or existing customers that a business intends to sell its products or services. The target group is the group of people that a firm focuses on when creating its advertising messages.

A business identifies its target group through market research. The firm surveys the market to identify groups of people who are highly likely to buy its products and services.

Answer:

D

Explanation:

got it right on Edge

The price of crude oil increases 50%. This will cause a change in ( supply/ quality supplied )
✓ for crude oil. Why?

Answers

Answer:

See below

Explanation:

A price increase motivates suppliers to avail more products for sale in the markets. High prices tend to have a high margin hence more profits. Like other businesses, oil producers are profit-motivated; they will supply more quantities if there is a high probability of making more profits.

The law of supply explains the correlation between supply and price. As prices increase, supply also tends to increase.

Vertical Integration is when a company _____________.

Answers

Answer:

Vertical integration is when a company owns or controls its suppliers, distributors or retail locations to control its value or supply chain

for brainliest and 100 points !!!!the unemployment rate is 5%. there are 139179 people working in the country. calculate the labor force

Answers

Answer:

I think the answer is 2783580

Answer: 132,220

Since there’s aprox 6,959 unemployed ppl

139179-6969=132,220

What are the primary reasons why businesses should establish health and safety policies? Check all that apply.

to help maintain productivity
to protect the welfare of workers
to prevent the need for labor unions
to help maintain morale in the workplace
to improve the goods and services produced
to reduce costs for workers' compensation insurance​

please respond quickly. EDGE2021

Answers

Answer: To help maintain productivity, to protect the welfare of workers, to help maintain the morale of the workplace, to reduce the cost for workers’ compensation insurance

Explanation: I just completed the assignment

The primary reason, Businesses should establish health and safety policies were to help maintain productivity.

What is Business?

An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for-profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.

The health and safety policies help businesses: Prevent workplace injuries and illnesses. Improve compliance with laws and regulations. Reduce costs, including significant reductions in workers' compensation premiums.

The Research shows that workers are more productive in workplaces that are committed to health and safety. Reducing downtime caused by illness and accidents means less disruption.

Therefore, Thus option (A) is correct.

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Question :Which statement best describes displacement? Check all that apply


Answer:2 , 3 5

Answers

Answer:

2

Explanation:

thats my guess

The process of locating, identifying, and attracting capable applicants is called?
a. selection
b. recruitment
c. hiring
d. employment

Answers

Answer:

B. Recruitment.

Explanation:

I already learned this.

Which two national sports league attract the most female fans?

A. Major League Soccer and Major League Baseball

B. Major League Baseball and the National Football League

C. NASCAR and the National Football League

D. The National Hockey League and Major League Baseball

Answers

Answer:

B

Explanation:

Major League Baseball and the National Football League

7. Ethics are.........
a. Inherited.
b. Lawless.
C. Deliberate.
d. Abstract.

Answers

Answer: Either a or c for me Not 100 percent sure on this one sorry

Explanation:

How are wealth and savings related?

Answers

Answer:

Wealth is an abundance of money and if you are good with your savings are a way you can get wealth


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Explain about E = mc² !!??​

Answers

Answer:

E = mc2. It's the world's most famous equation, but what does it really mean? "Energy equals mass times the speed of light squared." On the most basic level, the equation says that energy and mass (matter) are interchangeable; they are different forms of the same thing.

Explanation:

:(

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Joey has 10 packs of gum. 1/5 of his pack are spearmint. How many of his packs are spearmint?A. 2 packs B. 10 packs C. 1 pack D. 5 packs What does the sensory language above convey about Wendy?OA. She is very nervous about pitching,OB. She is one of the star softball players.c. She is confident she can pitch the game.OD. She is new to the game of softball.Every sport Wendy played, it seemed she wasalways second string, and softball was no different.Wendy had gotten used to warming the bench, like asack of potatoes that just took up space. Then, the first-string pitcher, Carrie, who could throw strikes like amajor leaguer, had gone home sick in the middle of agame."Wendy, warm up that pitching arm." Coach Ramseyhad told her. She had taken the full allotted time, 20minutes, to do just that, hoping her Jell-o legs wouldsteady themselves and her arm wouldn't feel like itwasn't attached to her body. As she walked out to thepitcher's mound, her life was suddenly a slow-motionmovie, and Wendy was the star. The only problem wasthat she didn't know her lines. Rolling her shouldersaround to work the stiffness out, she held the dirtencrusted softball in her tan leather mitt, and prayed herarm would quit shaking as she made the pitch.Steeriker the umpire bellowed. Wendy'steammates on the bench rose in one fluid motion androared their approval, as a tentative grin spread slowlyacross her faceResetSu Which position was created by Washington to help him govern the country? this is RAY MAK who knows him Most seeds germinate and start to grow in the dark. Why dont they need light right away?A. The cotyledon provides the nutrients and energy the plant needs to startgrowing.B. The roots provide the nutrients and energy the plant needs to startgrowing.C. Plants make their own food with the process of photosynthesis.D. Plants dont use photosynthesis so it is not important to them. 6. The narrator describes one of his dreams. What happens and what is the significance? Crystal receives a monthly salary of $3,980. Find her earnings per year and earnings per week. What four categories are often in language arts exam? The lines shown below are perpendicular. If the green line has a slope of2/5 , what is the slope of the red line? can anyone tell me what 3 1/4 looks like as a decimal Question 3Move the center of the circle vertically so it lies above and then below the x-axis. How does the equation of the circle change as the center crossesthe x-axis? 2/5 in Fraction form? After the Agricultural Revolution, many people no longer had to seek food or farm so they could develop other skills and jobs. this is called: A. Education B. Environmentalism C. Surplus D. Specialization. Please help Find the value of x in this triangle Briley has 347 marbles. Joey has 4 times as many as Briley. Carson has 799 fewer than Joey. How many marbles does Carson have?Can somebody help me thank you? Show work please how do I write a polynomial when given the zeros Orion, also called the Hunter, has three stars that make up Orion's belt.Which star is at the tip of the arrow? PLEASE HELP I NEED THIS FASTA. SiriusB. BetelgeuseC. RigelD. Polaris Laura is a high jumper. She uses poly metric training. Explain one reason why this type of training would be beneficial to her performance Please helpppp will give brainliest Help me for brainliest