According to the Law of Supply, what's the result of an increase in the supply of workers for a job, if all other factors remain equal?


Question 12 options:




A:The wage rate will increase, since the pool of talented workers has increased.





B:The wage rate for that job will be pushed down.





C:The wage rate for that job will shift closer to the average rate in that country.





DThe wage rate will be unaffected, since jobs factor in skill and experience.

Answers

Answer 1

Answer:

Its A

Explanation:

i just took the test

Answer 2

Assuming all other conditions are equal, the outcome of a rise in the supply of workers for a job Due to the increase in the number of qualified people, wages will rise. Hence option A is correct.

What is Law of Supply ?

A key tenet of economic theory is the rule of supply, which asserts that an increase in price will result in an increase in the quantity supplied, all other things being equal.

In other words, there is a direct correlation between price and quantity, and quantities react to price changes in the same way. This indicates that manufacturers are willing to increase production as a means of raising profits in order to sell more of a product on the market at higher prices.

The law of supply, to put it simply, is an association between quantity supplied and the supply curve's rising slope is caused by price and.

According to some heterodox economists like Steve Keen and Dirk Ehnts, the supply curve for mass-produced items is frequently downward-sloping: as production rises, unit prices fall, and vice versa, if demand is extremely low, unit prices rise.

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Related Questions

What does the concept of scarcity explain? Choose three answers.

why a product could lose significant value over time.
why people continue to purchase different products.
why consumers are willing to pay high prices for items.
why decisions must be made on how to use resources
why resources can be both renewable and nonrenewable.
why a single resource has more value than another resource.

Answers

'Scarcity' is defined as the economic concept that refers to the situation of 'having finite resources and infinite demands.'

The concept of 'Scarcity' explains:

C). why consumers are willing to pay high prices for items.

D). why decisions must be made on how to use resources

F). why a single resource has more value than another resource.

The term 'scarcity' elaborates the causes of all the above-stated problems. Since the demand for produced goods, as well as, services is endless and the resources available to meet this demand are limited, there is an imbalance between the demand and supply. This leads to the hike in prices of the available goods so that one could afford to pay higher will take the good. This makes it important for deciding upon the efficient utilization of resources so that every individual's demand can be satisfied up to some extent.The single resources cost higher due to this reason only as it develops a competition among the buyers.

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Answer:

C, D, F

Explanation:

Many economists believe that the growth of the money supply is A. not related to output growth. B. inversely related to the price level. C. directly related to interest rate growth. D. positively related to the growth of real GDP.

Answers

Answer:

D.

Explanation:

They believe that controlling the supply of money directly influences inflation and that by fighting inflation with the supply of money, they can influence interest rate in the future.

what is correspondence in business. Briefly explain the qualities of a good letter​

Answers

Answer:

Business correspondence means the exchange of information in a written format for the process of business activities. Business correspondence can take place between organizations, within organizations or between the customers and the organization. The correspondence refers to the written communication between persons

FCCLA's mission is: to promote personal growth and _______ ________ through family and consumer sciences education.​​

Answers

Answer:

FCCLA's mission is:to promote personal growth and leadership development through family and consumer sciences education.

Identify which of the following formulas correctly defines how to calculate the debt ratio. Multiple choice question. Total assets/Net income Total liabilities/Total equity Total liabilities/Total assets Total assets/Total liabilities

Answers

Answer:

Total liabilities/total assets

Explanation:

Debt ratio can be calculated by using the formula Total liabilities/total assets.

Debt ratio refers to the ratio of the debt and assets of a person or company. This is also known as the total debt to the total assets ratio.

This ratio can also be known or referred to as the financial ratio measuring the extent of a company's leverage. This accounting aspect of a company is used to calculate how much of the company's assets are financed through debts.This means that the amount or portion of a business's assets that are financed by debts is the debt ratio of that company.To calculate the total debt ratio, the total liabilities should be divided by the total assets. The resulted amount is the debt ratio of that company.

A debt ratio enables a company to specify and identify how much percentage of the company's assets are liable for leverage. This allows the company to know how to manage the business or work through their debt accordingly. Thus, the correct formula to calculate the debt ratio is total liabilities/ total assets.

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Identify an accurate statement about behavioral targeting. Multiple choice question. It has made it harder for firms to target smaller segments. It focuses on larger markets rather than market segments. It has enabled firms to target large market segments for the first time. It makes individualized communication more cost effective.

Answers

The statement "It makes individualized communication more cost effective" is an accurate statement about behavioral targeting.

Behavioral targeting is a marketing process where companies use user information of uses to appeal to the public and make advertisements based on their interests. This is a marketing ploy used by businesses to make advertisements accordingly.

Behavioral targeting is done by tracking the online activity of consumers and making advertisements related to their browsing history. For instance, the ads that we see on different sites are based on whatever we browse on online shopping sites. This is how companies or servers use our browsing history, web searches, purchases, or even frequented sites to try to appeal to our interests. In this regard, behavioral targeting makes individualized communication more cost-effective.

Behavioral targeting is when consumers are targeted based on their web searches and purchasing history by using this information to show ads related to such activities. Thus, the correct answer is the fourth option.

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According to the study cited in the text, what are the three largest gaps in career readiness employers see in college students applying for employment

Answers

According to the text that was quoted, the three largest gaps in career readiness are:

Written communication Organizing/evaluating information Critical/analytical thinking

According to the text, these skills listed above are very important in the work environment for successful business operations. But most employers do not agree that college graduates who recently left school are well suited for the jobs.

Although these graduates rate themselves high in these skills only less than 3 in 10 employers agree with their claim

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What is a public good?

A A public good is a product or service that one consumer can prevent another consumer from using, and is not accessible without
payment

B A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without
payment

C A public good is a product or service that one consumer cannot prevent another consumer from using, and is not accessible without
payment

D A public good is a product or service that one consumer can prevent another consumer from using, and is accessible without payment.

Answers

I believe your answer is B

A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without  payment

Mr. Porter sells 10 bottles of champagne per week at a price of $50 per bottle. He can sell 11 bottles per week if he lowers the price to $45 per bottle. The quantity and the price effects on total revenue would be, respectively:

Answers

Answer:

See below.

Explanation:

Solve for bottles at $50:

10 × 50

$500 per week

Solve for bottles at $45:

11 × 45

$495

Mr. Porter would make more money by sticking with selling 10 bottles a week at $50 each. This is because the latter requires him to sell one extra bottle and he will still lose $5.

The first step in human resource planning is to create a job analysis. establish a strategic plan. assess future human resource demand. create an inventory of the organization's employees.

Answers

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The answer will be assess future human resource demand. Why? Well, let's consider all the options given. For Human Resource (HR) planning we cannot straight away jump to creating a job analysis without deciding on one job & how much it's worth or important in the future. The second option is to create or establish a strategic plan. That too won't work without knowing which occupation is needed more in the future. 4th -> create an inventory of the organization's employees. Well, that's a no-no, we need to find a future-needy job before selecting the people. So, the 3rd option is the most appropriate answer.

___________

Hope it helps.

RainbowSalt2222

Without ____, it would be impossible to stay in business.
Group of answer choices

growth

profit

IPO

marketing

strategy

Answers

Your answer is profit!

Explain the concept of scarcity, choice and opportunity cost​

Answers

Answer:

The opportunity cost of any choice is the value of the best alternative that had to be forgone in making that choice.

List the basic elements of business plan

Answers

Answer:

Company Description

Market Analysis

Competitive Analysis

Marketing Plan

Sales Strategy

Explanation:

Mark me the brainliest if it helped

what are the applications of brainstorming​

Answers

brainstorming helps teams generate a large number of thoughts quickly- hope this helps!

Select all that apply Select those items that describe consumer behavior. Multiple select question. It is a multidimensional process. It is a simple, straightforward process. It is a complex process. It is influenced by a number of factors. It is a process independent of any outside influence.

Answers

Consumer behavior is a difficult & complex process, affected via a no of factors, and it is a multi-dimensional process.

The following information related to consumer behavior is:

It is the study with respect to the consumers & the process at the time of choosing, usage, and sale of the goods & services that involved the responses of the consumers in terms of mental, emotional & behavioral.It develops the ideas that arise from the various science that involved biology, economics, etc.

Therefore we can conclude that Consumer behavior is a difficult & complex process, affected via a no of factors, and it is a multi-dimensional process.

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How successful was the new growth path in influencing economic growth and development in South Africa

Answers

Answer:

not successful

Explanation:

Which of the following is NOT an example of monetary policy? a. The Federal Reserve reduces the reserve requirement. b. The Federal Open Market Committee decides to sell bonds. c. The Federal Open Market Committee decides to buy bonds. d. The Federal Reserve facilitates bank transactions by clearing checks.

Answers

Answer:

A

Explanation:

Monetary policy controls the process of drafting, announcing, and enforcing the plans taken by the central bank, currency board, or other competent monetary authority that controls the amount of money in an economy and the channels by which new money is supplied

The statement that cannot be considered an example of monetary policy is A:The Federal Reserve reduces the reserve requirement.

Monetary policy  can be regarded as control of the quantity of money which is present in an economy as well as the channels that is needed for  new money to be supplied.

It involves the federal to Open Market Committee who bring decision in selling or buying of bonds.

Therefore, option A is correct.

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You receive a call from "Credit Services." The person on the line compliments you on your great credit history and also informs you that you have qualified for a card with better features and a lower rate. They’ll only need a few minutes of your time to go over some personal information before they can get the card out to you. Which of the following is the biggest red flag in this scenario?
A. You'll have to provide personal information.
B. They'll only need a few minutes of your time.
C. You have qualified for a credit card.
D. You received a call from "Credit Services."

Answers

I took the test your answer is C

explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibility and triple bottom line​

Answers

The main purpose of  a business is to make profit. A businessmen will feel secure to operate his business activities in a country where he feels himself and his business activities secure.

When the shops and malls are looted in a country, the businessmen will have feeling of insecurity and so they will shut down their business activities because whatever profits they make from running business, it is looted by robbers.

There is always some social responsibility of the citizens that even in case of emergency situations they should not be unethical activities and indulge in criminal activities.

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Answerrsss please!!!!!

Answers

Answer:

A- Lender

B- Plan

C- closing Balance

3

A- False

B- True

C- True

D- False

a) Explain different types of professions related to financial sector.​

Answers

Answer:

Positions in the commercial banking sector include bank tellers, loan officers, operations, marketing, and branch managers

the us saving and loan crisis of 1970s

Answers

Answer:

none of these describe the savings and loan crisis

Answer:

E (none of these)

Explanation:

The roots of the S&L crisis lay in excessive lending, speculation, and risk-taking driven by the moral hazard created by deregulation and taxpayer bailout guarantees.

How do you redeem a winning lottery ticket?

Answers

which state because different states have different ways

Discuss reasons why a business needs funding ?

Answers

Answer:

Firms need finance to:

start up a business, eg pay for premises, new equipment and advertising.

run the business, eg having enough cash to pay staff wages and suppliers on time.

expand the business, eg having funds to pay for a new branch in a different city or country.

Depreciation is incorporated into the discounted cash flow analysis of an investment proposal because it: Select one: a. Is a cost of operations which cannot be avoided. b. Results in an annual cash outflow. c. Is a cash inflow. d. Reduces the cash outlay for income taxes

Answers

Answer:

the answer is b

Explanation:

cause its the annual cash outflow

Depreciation is incorporated into the discounted cash flow analysis of an investment proposal because it results in an annual cash outflow. Thus, option (b) is correct.

What is cash flow?

The term cash flow refers to the movement of the cash are the flow out of the business. There are the three types of the cash flow such as investing activities, financing activities, operating activities.

Depreciation is a non-cash item, hence it must be brought back to the cash flow statement in the operational activities column, along with other expenses like amortization and depletion. Depreciation might be considered a cash inflow because it reduces the business's cash outflow indirectly.

As a result, depreciation is incorporated into the discounted cash flow analysis of an investment proposal because it results in an annual cash outflow. Therefore, option (b) is correct.

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How do u explain evil deeds done by otherwise!

Answers

PREJUDICE IS A THEME DEVELOPED IN HUMAN BEINGS, WHEN SOMEONE IS ABOUT TO SUCCEED AND A MIDDLE PERSON CANNOT AFFORD TO SEE THE GROWTH IN OTHER THAT ARE NOT HIMSELF(S) / HERSELF(S).

AND THIS BEHAVIOR IS MOSTLY PRESENT IN PEOPLE WHO HAVE NOT HAD GOOD EXPERIENCES IN DURING THEIR LIVES.

MARK “BRAINLIEST.”

Match each good with the type of good it represents

Answers

Clean air public good
And healthcare individual good
Do you mean like this
Hope it’s correct
HOPE !
Sooo if wrong
Please imma need ya brainiest

Which of the following is NOT a function of the Federal Reserve?

To promote stability of the financial system.

To collect taxes from taxpayers.

To conduct monetary policy.

To provide banking services to commercial banks.

To provide banking services to the federal government.

Answers

Answer:

To collect taxes from taxpayers

identify business equipment or resources required to complete task under direct instruction?​

Answers

Answer:

Explanation:

Estimate quantities and resources correctly to.

A firm which is the sole employer in a labor market will find that: The marginal cost of an additional worker is the same as its supply curve for labor The marginal cost of an additional worker is above its supply curve for labor The marginal cost of an additional worker is below its supply curve for labor

Answers

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