List and describe the 2 major jobs performed by price

Q: 15 The diagram shows the percentages of those on low pay and those on extremely low pay in a country…

A: A firm’s willingness to pay for each unit of labor it wishes to hire is shown by the labor demand…

Q: When a firm determines the cost of hiring another worker, the wage = a. the value of revenue b. the…

A: Cost refers to the expenses that incur in the production process. It include all the expenses like…

Q: Two job opportunities are as fo:- Job type                         Salary Accountant…

A: If a person has many options, he or she has to choose the best one and the other options are…

Q: Quantity of Labor # of Keyboards per month 60 160 3. 240 4 280 300 If the price oft keyboards is $20…

A: A firm maximizes profit by hiring at a level where marginal product of labor is greater than or…

Q: The German state subsidizes apprenticeships. Explain how this can help to lower youth unemployment

A: According to the OECD (Organization for Economic Co-operation and Development), unemployment is…

Q: Some economists say that profit earner is a kind of

A: To find : What is  profit earner type

Q: An increase in the minimum wage to $6 would cause million people to be unemployed.

A: market equilibrium is where the market demand equals market supply. According to the graph, market…

Q: Suppose there are two goods, pizza and beverage. Suppose alp=5289, atp=911, alb=2508, atb=2172,…

A: The equilibrium wage is atp/alp + atb/alb. In this case, the equilibrium wage is atp/alp + atb/alb =…

Q: How is automation likely to affect the wage gap between skilled and unskilled workers in the long…

A: The issue is to decide how computerization, the utilization of innovation to perform errands that…

Q: Gill's Pro Golf hires workers to give golf lessons. The market for golf lessons is perfectly…

A: Step 1: First find the marginal product of labor (MPL) as the addition made to total product for…

Q: QUESTION 6 For a worker the wage is a. enough to pay the bills b. the cost of education and training…

A: A wage is a regular service earned for a work or service rendered.

Q: 4. Natasha works as a server in a restaurant. Last week she earned $460 in wages. Natasha enjoys…

A: The compensation paid to a worker when he/she is used as an input in the production process of a…

Q: The graph shows the labor market for​ low-skilled labor, DL and SL​, and the labor market for​…

A: The value of marginal product of labor measures the additional revenue earned by the firm by…

Q: The supply curve for labour slopes upwards because a.higher wages making working more attractive.…

A: The supply curve is upward sloping because suppliers can choose how much of their goods or services…

Q: Assuming that firm x produce lotion. After a few months of being in business there is a significant…

A: lotion produced by firm X is a final product which is demanded to satisfy need of the final…

Q: Draw a picture of the backward bending supply curve. Make it your individual supply curve with wages…

A:

Q: what advice would yoy give hal?

A: Evaluating the cost and benefit of hiring additional workers involves comparing the benefit of…

Q: Wages 120,000 50,000 40 60 Number of employees

A: Here, the given graph shows the demand curve of labor in the labor market, where a decrease in the…

Q: Nobel winner Friedrich Hayek had many contributions. A major one was a book: The Road to Serfdom.

A: Who Was Friedrich Hayek?  Friedrich Hayek is a renowned financial analyst brought into the world in…

Q: nese are kinds of rent EXCEPT o Differential rent

A: To find : Kind of rent except which.

Q: use of a graph how is an increase in minimum wage shown?

A: Equilibrium is achieved in the market where labour demanded equals labour supplied at that…

Q: what is price and unemployment?

A: Prices are employed in a free market economy to allocate products and resources. Prices are used all…

Q: The government raises the minimum wage from $7.25 to $10.00 per hour. What is the effect on the job…

A: Minimum wage is a price floor that makes it illegal for an employer to pay employees less than a…

Q: though increased government investments in infrastructure ved or created 1.1 million jobs in…

A: 1) There is no such thing as a free lunch  —>  this means that even if money is not involved in a…

Q: vi What is a minimum wage? Explain why it may fail to help the poor households in an economy.

A: Minimum wage is basically determined as the negative or the minimum amount or the value of the…

Q: How might construction industry job losses affect incomes in the clothing and travel industries?

A: A loss in the job in the construction industry will be lead to a decrease in the income of both…

Q: not use ai please

A: Summary of Proposed Wage IncreaseThe table outlines the proposed wage increase for various job…

Q: How will a decrease in the wage rate of pizza makers affect the market for pizza?

A: the answer is given below

Q: 1. If you worked for a union, would you accept higher wages if it meant others would be laid off?…

A: We will answer only the first question, as the exact question number is not mentioned.

Q: The New York Times cost $0.15 in 1970 and $2.00 in 2011. The average wage in manufacturing was $3…

A: % increased = [(Increased price - Old price) / Old price ]*100

Q: Refer to the following graph of the demand for and supply of armed forces personnel Da Wage B E C

A: Above given graph depicts the demand and supply of armed force personnel -Supply of armed force…

Q: The province of BC is increasing the wage of family doctors from $250,000 to $385,000. A local radio…

A: Labor market equilibrium is a state in which the quantity of labor supplied by workers equals the…

Q: Write a sentence or two defining the following terms in your own words. Give examples of each. a.…

A: Honest workers and good entrepreneurship go hand in hand to develop a successful business.

Q: Taco King produces tacos. The market for tacos is perfectly competitive, and the price is $2.00 a…

A: Perfectly competitive market Price per taco = $2 Wage rate per labor per day = $16 Increased Price…

Q: The graph shows a market for labor Draw a line that utrales a minimum wage that creates unemployment…

A: The minimum wage price floor is a concept where the government restricts the minimum wage to a…

Q: Analyze the factors that can shift the supply curve. Provide real-world examples for each factor.

A: Understanding the behaviour of the supply curve in financial markets is central to dissecting how…

Q: Over the past 30 years, technological advances havereduced the cost of computer chips. How do you…

A: Substitute goods: The goods which can be used in the place of other goods or the goods whose demand…