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

started business with cash Rs 100000 and furniture Rs 50000​

Answers

Answer:

See below

Explanation:

Cash and furniture are assets. An increase in assets is debited. The amounts used to buy the in facilitating the transactions is the capital.

The journal entry will be as below,

Cash  A/c       Dr.  Rs 100,000

Furniture A/c   Dr.  Rs  50,000

Capital      A/c Cr.        Rs 150,000

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 purchasing power of peoples' income is most affected by what?
a.The rate of inflation
b.The trade deficit
c.The balance of payments
d.The value of foreign currency

Answers

Answer:

a.The rate of inflation

Explanation:

Inflation means rise in the consumer price index i.e. the weighted average of prices belong to the different kinds of goods. It could be measured by taking the difference of CPI and dividing it by the previous year CPI

The rate of inflation would be most impacted to the purchasing power of people income

Therefore the option a is correct


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


Answer:2 , 3 5

Answers

Answer:

2

Explanation:

thats my guess

Select the correct answer from each drop-down menu.
Which action should Angela take before starting her business?
Angela plans to start a small business. She needs to invest some money for her company's start-up capital. She has asked her friends for
advice. Her friends have suggested that she should create a website for the business
before
Reset
Next

Answers

Answer:

The answer is before.

Explanation:

She should create a website before investing

am I correct? if not lmk the answer please​

Answers

A focus group is a common qualitative research technique used by companies for marketing purposes. It typically consists of a small number of participants, usually about six to 12, from within a company's target market. So yes your right

Please help me, I suck at this class ToT

Control over what two areas of manufacturing are the basis for a growing economy and a condition for becoming a world power?

A. copyrights and patents
B. technology and equipment
C. imports and exports
D. wages and benefits

Answers

Answer:

a

Explanation:

Why research proposal often gets rejected?
Give me at least 5 reason why?

Answers

cheating sneaking trust grown enough men and women

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:

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

PLS HELP WILL GIVE BRAINLIEST!!!!

The right to own a business is referred to as the right ___.
of free enterprise
of private property
of competition
of freedom of choice
to earn a profit

Answers

Of free enterprise

Explanation:

Of free Enterprise

an economic system in which private business operates in competition and largely free of state control.

how many tines in earth does the sun intersect equartor​

Answers

Answer:

два

Explanation:

No real question. But anyone know this answer, If your are a doctor, DO ANY of you know how to bring a frozen person back to life. I looked it up and it said a human that is frozen can be brought back to life, I just want to double-check

Answers

Answer:

prob melt them with fire but you gotta be careful because you can burn then if not i guess just use potions or something?

Explanation:

At the moment there is no way to bring back a frozen person to life. The reason for that is because we still don’t know how and we don’t have the right equipment to bring them back.

on a timeline, a milestone 14 years in the future will be to the ____ of a milestone 8 years in the future and to the ____ of a milestone 2 years in the future. left; left, right; left, right; right, left; right

Answers

Answer:

Right; Right

Explanation:

.

Perform an online or offline search, and choose a technology firm near your location. You must then call and speak to someone from the firm's Human Resources department (preferably the HR manager) and conduct a brief (15- to 20-minute) interview with them. During the interview, you need to ask questions about the company's core functions, the different types of jobs available in the company, a list of qualities that the company expects from its employees, and so on. In other words, your questions should cover the points that the HR department would include in the company's Code of Conduct Manual. You should keep a record of all the answers and write a summary of what you have learned. Alternatively, if you do not find a technology firm near your location, or if the HR manager is unwilling to have a sit-down interview, you could find a company online and correspond with the manager through email with the help of a questionnaire.

Answers

Answer:

I have selected Samsung electronics which is located in my area. I have visited the company and conducted a meeting with HR manager.

Explanation:

The company has launched trainee program for the graduates. HR manager has provided details about the program which includes training of freshers and on job support. They can study and do the job together so that they learn how to work in an office environment. Graduates can assist manager of multiple department at a time which gives them exposure of different department tasks. The main qualities which are required by the company in a candidate are multitasking skills, problem solving ability and ability to meet deadlines. For interview there is a short game in which IQ level of candidates is tested and those who clear the levels of the game are then promoted for a panel interview.

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