The price of labor is commonly referred to as the wage rate. The quantity of labor demanded decreases as wages increase. In economics, this relationship is known as the law of demand.
What is the law of demand?The law of demand states that as the price of a good or service rises, the quantity demanded of that good or service falls. Conversely, as the price of a good or service falls, the quantity demanded of that good or service rises. This relationship is inverse: as one variable increases, the other decreases. This principle holds true for labor as well.
In the labor market, the price of labor is determined by the wage rate. Employers will demand less labor as the wage rate increases, and will demand more labor as the wage rate decreases.The inverse relationship between the wage rate and the quantity of labor demanded can be seen on the demand curve for labor. When the wage rate is low, employers are willing to hire a large quantity of workers, so the demand curve will be relatively high. When the wage rate is high, employers will demand fewer workers, so the demand curve will be relatively low. A shift in the demand curve for labor occurs when something other than the wage rate changes the amount of labor demanded.
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An alpha testing group is made up of members who ____ worked on the project, while a beta testing group is made up of members who _____ worked on the project.
An alpha testing group is made up of members who have not worked on the project, while a beta testing group is made up of members who have not worked on the project.
Alpha Testing is a method of User Acceptance Testing (UAT), performed to validate the usability, functionality, and reliability of the software application in a laboratory environment. It is usually done by the software developer team. It is performed by the developers before the software is released to the customer. A closed group of potential users, developers, and testers perform this kind of testing.Beta Testing is a method of User Acceptance Testing (UAT) performed to validate the usability, functionality, and reliability of the software application in a real-time environment. It is usually done by a group of potential users. It is performed after Alpha Testing is completed. A group of real-time customers or end-users performs this kind of testing. Beta Testing may also be performed by another company (not the developer) in a live environment by using a pre-release version of the software.
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A financial company to which businesses sell their accounts receivable, usually for a percentage of the total face value, is a(n):______.
A financial company to which businesses sell their accounts receivable, usually for a percentage of the total face value, is a factor. Financial firms include banks, trust companies, accredited community development financial institutions, savings and loan associations.
Any company that CROCI Valuation Group considers to be a financial and is as result subject to CROCI company model for financials is referred to as financial company. It is a type of financial company that offers credit for the purchase of accounts receivable and services for consumers by either buying time-sales contracts of retailers or by making small loans directly to customers.
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Mary is a stay-at-home mother whose husband died. She has two small
children to care for, and her husband was the primary wage earner for their
family. What Social Security benefits would care for Mary and her children?
A) retirement benefits
B) disability benefits
C) survivor’s benefits
D) worker’s compensation
Answer:
The answer that I think would be correct is option C (survivors benefits)
Explanation:
Retirement benefits definition: a form of social insurance payment made by the US Social Security (for age 62 and older) considering that Mary has two small kids, she probably isn't that old.
Disability benefits: in order to be eligible, you have to be unable to do regular or customary work for at least right days. Considering the fact that Mary is a stay at home mother then she wouldn't be employed.
Survivors benefit: this allows a retiree to ensure after death, a continuous lifetime annuity for their dependents.
Workers compensation: provision of benefits to employees who suffered work related injuries. Mary's husband most likely didn't die in the work place.
What is insurance and premium
Which employee is most likely to have a pension plan?
OA. A food bank volunteer
B. A part-time food server
OC. A family physician
D. A public school teacher
A public school teacher most likely to have a pension plan.
What does a pension plan mean?A pension plan is a type of employee benefits program created or maintained by an employer, an employee group (such a union), or both that offers retirement income or postpones income until the end of the covered employment period or beyond.
An employer must contribute to a fund that is set aside for a worker's future benefit in order to participate in a pension plan. When the worker retires, the earnings from the investments will provide income for the worker. The pool of cash is invested on the employee's behalf. In the U.S. private sector, traditional pension plans are getting harder to find.
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Use this formula to help solve the problem.
• gross income = total of all incomes added together
Given the following information, what does the gross income for the month equal?
Cash = $700, Checks = $200, Credit Card Charges = $400
a. $700
b. $1100
c. $1300
d. $400
Answer:
C.$1300.................:)
Answer:
1,300
Explanation:
just added the numbers
if a company raises the price of a product with no change in costs, the unit contribution margin and contribution margin ratio will .
The contribution margin ratio and unit contribution margin will both rise if a company increases a product's price while maintaining costs.
What is the product?The object being sold is referred to as a product. A service or an object both qualify as products. It could take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that can be charged.
When sales rise, the contribution margin ratio rises as well. Profits increase by the contribution margin ratio for every $1 increase in sales. If a company's contribution margin ratio, for instance, is 25%, it, on average, makes 25% of every dollar in sales in profit.
Therefore, a product's price while maintaining costs.
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The Route 66 Truck Stop, Inc., sells gasoline to both self-service and full-service customers. Those who pump their gas benefit from the lower self-service price of $1.80 per gallon. Full-service customers enjoy the service of an attendant, but they pay a higher price of $1.90 per gallon. The company has observed the following relation between the number of attendants employed per day and full-service output:
Route 66 Truck Stop, Inc.
Number of Attendants per Day
Full-Service Output (gallons)
0
0
1
2,000
2
3,800
3
5,400
4
6,800
5
8,000
a. Construct a table showing the net marginal-revenue-product (MRP) derived from attendant employment.
b. How many attendants would Route 66 employ at a daily wage rate of $160 (including wages and benefits)?
c. What is the highest daily wage rate Route 66 would pay to hire four (4) attendants per day?
a. To construct a table showing the net marginal-revenue-product (MRP) derived from attendant employment, we need to calculate the change in output (Full-Service Output) and the corresponding change in revenue.Route 66 would pay a maximum daily wage rate of $475 to hire four attendants per day.
Number of Attendants per Day | Full-Service Output (gallons) | MRP (Change in Revenue)
0 | 0 | N/A (No attendants)
1 | 2,000 | $1.90 * 2,000 - $1.80 * 2,000 = $200
2 | 3,800 | $1.90 * (3,800 - 2,000) = $1,620
3 | 5,400 | $1.90 * (5,400 - 3,800) = $1,900
4 | 6,800 | $1.90 * (6,800 - 5,400) = $1,900
5 | 8,000 | $1.90 * (8,000 - 6,800) = $2,280
b. To determine how many attendants Route 66 would employ at a daily wage rate of $160, we need to compare the wage cost with the marginal-revenue-product (MRP). The company would hire attendants as long as their MRP exceeds the wage cost. From the MRP table, we can see that at four attendants, the MRP is $1,900. If the daily wage rate is $160, the total wage cost for four attendants would be 4 * $160 = $640. Since $1,900 exceeds $640, Route 66 would employ four attendants.
c. The highest daily wage rate that Route 66 would pay to hire four attendants per day is the wage rate at which the MRP equals the wage cost. From the MRP table, we see that the MRP at four attendants is $1,900. To find the corresponding wage rate, we divide the MRP by the number of attendants (4), which gives us $1,900 / 4 = $475. Therefore, Route 66 would pay a maximum daily wage rate of $475 to hire four attendants per day.
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The cost of campaigning requires candidates to conduct extensive
activities.
O community service
O fund-raising
O illegal
O campaigning
Answer:
fund-raising
Explanation:
Running for a political office is an expensive affair. The candidate and political party require a lot of money to run a successful campaign. To raise funds needed to conduct campaigns, political parties and candidates organize fundraising activities and events.
Community service and campaigning are good platforms to woe voters but cannot generate funds to run for a political office.
write about veterinary service available in you locality
Answer:
write your locality not my locality there is your locality
Why might an improvement team consider collecting balancing measures? To make sure they're able to publish their results To make sure they didn't unintentionally introduce undesired changes To show that they met their aim
An improvement team would consider collecting balancing measures to make sure they didn't introduce undesired changes in their project. What are balancing measures Balancing measures are the measures that were introduced to detect any undesirable effects of improvement work.
They are measures of the system to determine if the changes in one area had any unintended consequences in another area. Balancing measures are not aimed to be to the problem; instead, they are a long answer that assists in determining if a change has the desired effect without creating undesired effects. This helps the team to assess whether the proposed solution is feasible.
The improvement team would consider collecting balancing measures because they help detect any undesirable effects of improvement work. This ensures that they didn't unintentionally introduce undesired changes in their project. Balancing measures help to assess if the proposed solution is feasible, and they also help the team to determine if the changes made in one area have any unintended consequences in another area. Balancing measures are a long answer that assists in determining if a change has the desired effect without creating undesired effects. Therefore, an improvement team would consider collecting balancing measures to make sure they didn't unintentionally introduce undesired changes in their project.
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Kana is a single wage earner with no dependents and taxable income of $205,000 in 2018. Her 2017 taxable income was $155,000 and tax liability was $36,382. Calculate Kana's 2018 income tax liability and the minimum required 2018 annual payment necessary to avoid any penalty. Round your answers to two decimal places.What is Kana's 2018 income tax liability
Answer:
$47439.50
Explanation:
For a single tax payer if your taxable income range is $200,000 - $500,000 then your income tax is $45,689.50 + 35% of amount over $200,000 of taxable income.
Income tax liability = $45689.50+{ 205000-200000)×35%}
$45689.50+(5000×35/100)
$45689.50+(5000×0.35)
$45689.50+1750
= $47439.50
The income tax liability will be $47439.50
How creamy is creamy
Answer:
creamy
Explanation:
Answer:
c r e a m
Explanation:
Which is the most effective way to reduce your risk as a driver?
Which sequence of HACCP principles is in the correct order?
A.
Establish critical limits for each CCP, conduct a hazard analysis, and establish corrective actions.
B.
Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP.
C.
Establish record-keeping procedures, establish corrective actions, and establish CCP monitoring requirements.
D.
Establish CCP monitoring requirements, conduct a hazard analysis, and identify CCPs.
E.
Conduct a hazard analysis, identify CCPs, and establish CCP monitoring requirements.
Answer:
B
Explanation:
Hazard analysis of critical control point (HACCP) is a process of identifying and assessing risks alongside the biological , physical and chemical hazards associated with food production .
The sequence of the first three of the seven principles are
1. Conduct hazard analysis to determine potential risks related to food protection
2. Identify the critical control point (CCP) which addresses controlling identified hazards that are mostly likely to cause injury to health
3. Establishing critical limits for each CCP , which is the highest or lowest level a biological ,physical or chemical parameter must be controlled to prevent or minimize hazards.
Answer:
B. Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP
Explanation:
Why is it important to have communication in a job ?
Answer:
Good communication can boost teamwork and lead to better project collaboration.
Answer:
- Good communication can boost teamwork and lead to better project collaboration. It applies to practically every industry.
- Workplace communication is important for streamlining internal communication. Maintaining effective communication ensures that management and the team below them are on the same page
- It disseminates the information needed by employees to get things done and builds relationships of trust and commitment.
- Workplace communication is vital to an organization's ability to be productive and operate smoothly.
- Workplace communication improves worker productivity.
I hope my answer helps you.
education opens the door to employment.
Answer:
yes education opens the door to employment as Education give us a new identity and talent which people are looking for the employment. Education can lead to success and employement.
where does McKenna grace live? Brainliest for the correct answer
Answer:
McKenna grace lives in Texas of America.
one efficiency-wage theory implies that firms pay high wages because: group of answer choices the more a firm pays its workers, the greater their incentive to stay with the firm. this practice increases the problem of moral hazard. in wealthy countries, it is important to pay workers high wages to improve their health. paying high wages promotes adverse selection.
The right response is that employees have a higher motivation to stay with a company if they are paid more.
What is the wage efficiency theory?
Alfred Marshall used the phrase "efficiency wages" (or more accurately, "efficiency earnings") to refer to the pay per productive efficiency unit of work.
[Marshallian efficiency wages would require businesses to pay various rates to workers who have varying levels of efficiency, making the employer unconcerned with whether a person is more or less efficient. The phrase is used quite differently today and relates to the notion that higher wages may boost workers' productivity through a variety of routes, making it beneficial for employers to give pay beyond the market-clearing level
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mountain outfitters is a large company that manufactures durable outdoor clothing. the company has stock that anyone can buy, sell, or trade, but since it is a large company, its stockholders are far removed from its management. what type of business is this?
The mountain outfitters company is the type of a public corporation. It is because they are has stock that anyone can buy, sell, or trade.
In economic and business, a public corporation generally can be defined as a corporation, that owned and operated by a government, established for the administration of certain public programs. municipal corporation. The most important characteristic of public corporations is usually have many shares, which are sold to the public or traded on a stock exchange. There are several types of corporations, such as a sole proprietorship, a Limited Liability Company ( or also known as LLC), an S-Corporation ( or also known as S-Corp), and a C-Corporation ( or also known as C-Corp).
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When dealing with customers face-to-face, a good customer service technique is to:
Use a positive tone of voice
Maintain eye contact
Actively Listen
The correct option is B i.e., When dealing with customers face-to-face, a good customer service technique is to maintain eye contact.
What does "customer" mean to you?An individual or business that purchases goods or services from another company is known as a customer. Consumers are crucial to businesses because they generate income; without them, they would cease to exist.
What three roles do customers play?Any marketplace transaction necessitates the participation of at least three client roles: purchasing, which entails making a decision on a good or service; paying for it; and utilizing it. So, a customer can be a user or consumer as well as a buyer or payment.
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Following are the different health signs in an animal. Which of these are the signs of good health in an animal?
I. bright eyes
II. membranes of the eyes are pink
III. rapid respiration
Answer:
I & II
Explanation:
plato:)
Robert receives a salary of $60,000 per year, or $2,500 semi-monthly. How
much does his employer pay for his unemployment tax for the entire year?
A. no limit
B. $0
C. $840
D. $420
Answer:
B. $0
Explanation:
Unemployment tax known as FUTA (The Federal Unemployment Tax act) is imposed on employers based on the wage and salaries they pay their employees. Employers who pay $1500 and above per calendar quarter are mandated to pay FUTA. Unlike other payroll-based taxes, employers are not required to deduct FUTA from employees. Therefore, nothing should be withheld from Robert's income as unemployment tax.
Jake becomes extremely bored with hauling blankets to market over and over, and he misses getting to herd and shear the sheep.
The drawback is that Jake is experiencing job dissatisfaction and is no longer finding fulfillment in his current role of hauling blankets to market. This may lead to decreased motivation and productivity, as well as potential long-term effects such as burnout or resignation.
In addition, if Jake is not happy with his job, he may become disengaged from his work and less invested in the success of the company. This can have negative impacts on team morale and overall organizational performance.
Furthermore, if Jake is highly skilled in herding and shearing sheep, his talents may be underutilized in his current role. This could result in lost opportunities for the company to leverage his strengths and improve their operations.
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Complete Question : Jake becomes extremely bored with hauling blankets to market over and over, and he misses getting to herd and shear the sheep. Mention the drawback in this scenario.
andy hastings borrowed 500 shares of stock from a broker. this stock is currently selling for $25 a share ($12500). the commission was $125 . three weeks later the price of the stock was $22.50 a share so he bought the 500 shares. the commission was $115. he returned a stock certificate for 500 shares to the broker. what is the rate of return?
The the rate of return is 8.9%.
Rate of return on the shares = total cost of borrowing - total cost of buying) / total cost of buying
Total cost of borrowing = cost of shares - commission
$12500 - $125 = $12,375
Total cost of buying = total cost of shares - commission
total cost of shares = $115 x 500 = $11,250
$11,250 + $115 = $11,365
Rate of return = ($12,375 - $11,365) / $11,365 = 0.089 = 8.9%
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QUESTION 4 of 10: Closing costs are: a) Paid by the seller b) Paid by the buyer c) Paid by the agent
Closing costs are b) Paid by the buyer .
What are closing costs ?Closing expenses are paid at the time of closing and include a variety of costs associated with buying or selling property. This includes an assortment of charges such as appraisals, inspections, attorney fees, title fees, and mortgage-related costs.
In most instances, the purchaser is typically held responsible for paying for the majority of the closing expenses. However, some expenses may be subject to negotiation between the buyer and seller to reach a mutual agreement.
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Q1) Suppose you invest $13,876.00 today in an account that earns 2.22% interest annually. How much money will be in your account 6.0 years from today? ( 1.5 points)
The amount of money that will be in your account 6.0 years from today, with an initial investment of $13,876.00 and an annual interest rate of 2.22%, will be approximately $15,861.84.
To calculate the future value of an investment, we can use the formula for compound interest. The formula is given as FV = PV * (1 + r)^t, where FV is the future value, PV is the present value (initial investment), r is the annual interest rate as a decimal, and t is the number of years.
In this case, the initial investment (PV) is $13,876.00, the annual interest rate (r) is 2.22% or 0.0222 as a decimal, and the time period (t) is 6.0 years. By substituting these values into the formula, we can calculate the future value (FV) of the investment.
By performing the calculation, we find that the amount of money in your account 6.0 years from today will be approximately $15,861.84. This means that with an initial investment of $13,876.00 and an annual interest rate of 2.22%, your account balance will grow to approximately $15,861.84 after 6.0 years.
It's important to note that this calculation assumes the interest rate remains constant and there are no additional deposits or withdrawals from the account during the specified time period.
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your economics professor offers 10 points extra credit if you attend a review session before your next exam. this extra credit is an example of
An incentive to attend the review session would be this extra credit. your economics professor offers 10 points extra credit if you attend a review session before your next exam
Which of the following is an illustration of an economic statement that is favorable?Using a positive economic statement as an example: "Healthcare given by the government raises public spending." There is no value judgment associated to this factual statement.
Why do economic concerns and problems exist in general?The economic challenge, or the challenge of making the best use of finite or restricted resources, affects all cultures. Although humans have limitless needs and wants, there is an economic difficulty because there are only so many resources that can be used to fulfill those needs and wants.
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7) Mr. Smith acquired a property consisting of one acre of land and a two-story building five years ago for $100,000. He also obtained an $80,000 mortgage loan from ACE Bank to provide financing to complete the purchase. This year, Mr. Smith constructed another building on the property with his own funds at a cost of $20,000. Mr. Smith has decided after completing the building to approach Duce Bank to borrow against his property with a $16,000 second mortgage. Is Duce Bank likely to provide the $16,000 in financing
Answer:
hey sorry i just want points YOSHII :3
Explanation:
Apart from providing $16,000 in the financing, the other option that can be considered by Mr. Smith is that after using the property clause, the thing that can be done with the $80,000 first lien under the terms of the first mortgage, the lender has a first lien on any modifications made to the property used to secure the mortgage loan.
What is a mortgage loan?A mortgage loan is a kind of secured loan. After applying for a mortgage loan, one can get the funds in exchange for immovable assets like a house or a commercial property that provides security for the lender.
In the case of Mr.Smith, as per the provisions contained in the existing mortgage document, there is a bank name ABC bank that would most probably be the first lien on the new building constructed by Mr. Smith.
Therefore, an approach has been made by Mr. Smith to Duce Bank before constructing a new building on land which served as security for the initial mortgage loan.
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The complete question is attached in text form:
Mr. Smith acquired a property consisting of one acre of land and a two-story building five years ago for $100,000. He also obtained an $80,000 mortgage loan from ACE Bank to provide financing to complete the purchase. This year, Mr. Smith constructed another building on the property with his own funds at a cost of $20,000. Mr. Smith has decided after completing the building to approach Duce Bank to borrow and mortgage the new building with a $16,000 loan. Is Duce Bank likely to provide the $16,000 in financing? What other options may Mr. Smith have to consider?
There are TWO (2) questions in this section. Answer ALL questions in the Answer Booklet. Short case: A focus on jeans Jeans are one of the most worn types of clothing around the world. Not surprisingly, the thread which holds them together must be strong and of high quality. Coats Thread is a major manufacturer of jeans thread, supplying product to companies such as Levi-Strauss and Vanity Fair (who manufacture Lee and Wrangler brands). The manufacturer of jeans thread involves spinning the polycotton core spun thread, formulating and mixing the dyes, dyeing the thread in batches, lubricating, and winding the thread onto smaller reels and shipping these to many jeans factories around Europe. Up until recently Coats sold product on a country-by-country basis, with up to five of its plants each producing jeans thread for customers all over Europe. Now all of Coats' jeans thread for its European markets is distributed through a single plant in Scotland. All orders and deliveries are also dealt with by a single integrated supply chain planning and control system. This has led to significant advantages for both Coats and their customers. The Scottish plant could focus on the manufacturing and marketing skills necessary to sell into this market and their customers had a single point of contact when they wanted to discuss supply issues. Source: https://www.coursehero.com/file/69449110/Chapter-2-case-studypdf/ 1. Explain TWO (2) main competitive issues in selling thread to jean manufacturers, Your answer must be supported by evidence. (5 marks) 2. Explain TWO (2) main issues for Coats' operations management? (5 marks)
Two main competitive issues in selling thread to jean manufacturers are as follows;Quality control is one of the main competitive issues in selling thread to jean manufacturers. The thread used in denim jeans must be of high quality.
Two main issues for Coats' operations management are as follows;Coordination is one of the main issues for Coats' operations management. Up until recently, Coats sold its products on a country-by-country basis, with up to five of its plants each producing jeans thread for customers all over Europe. This made it difficult for Coats to coordinate its operations effectively. Coats Thread was not able to respond effectively to the changing market needs. Therefore, Coats had to come up with an innovative solution and started distributing all of its jeans thread for its European markets through a single plant in Scotland. This allowed Coats Thread to coordinate its operations effectively, which led to significant advantages for both Coats and their customers.Managing supply chain is another issue for Coats' operations management.
This single integrated supply chain planning and control system allowed Coats Thread to manage its supply chain effectively. It enabled the company to streamline its operations and ensure that its products were delivered to its customers on time.
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