Explain why the backward-bending labor supply curve has this shape.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
As the wage rate rises people are willing to work longer h...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
We have suggested in this chapter that labor economists believe that labor supply curves typically slope up when wages are low and down when wages are high. This is sometimes referred to as a...
-
Consider Jillian, whose backward-bending labor supply curve is shown in the fi gure below. Above $50 per hour, increases in wages cause Jillian to work less, and enjoy more leisure. That implies that...
-
Why might a labor supply curve be backward bending?
-
A rectangular pontoon 10m long 7m broad & 2.5m deep weights 686.7KN. It carries on its upper deck an empty boiler of 5m diameter weighing 588.6 KN. The centre of gravity of the boiler and pontoon are...
-
According to the Organisation for Economic Co operation and Development (OECD), adults in the United States worked an average of 1,787 hours in 2011. Assume the population standard deviation is 400...
-
Midland National Bank selected a sample of 40 student checking accounts. Below are their end-of-the-month balances. a. Tally the data into a frequency distribution using $100 as a class interval and...
-
Independent Nursing Consultants (INC) has the following data: If INC could streamline operations, cut operating costs, and raise net income to $\$ 300$, without affecting sales or the balance sheet...
-
Each of the processes listed is noncentered with respect to the specifications for that process. Compute the appropriate capability index for each, and decide if the process iscapable....
-
1. The returns on the common stock of New Image Products are quite cyclical. In a boom economy, the stock is expected to return 32 percent in comparison to 14 percent in a normal economy and a...
-
Given V = x2y + xy2 + xz2, (a) Find the gradient of V, and (b) Evaluate it at (1, -1, 2).
-
Are you in the primary labor market or the secondary labor market? Use your answer to show how these markets differ.
-
What is economic rent? Make up an example that illustrates this concept.
-
Refer to Exercises 16.15 and 16.16. a. Assuming parallelism of the response lines, perform a test for block differences adjusted for the covariate. Use α = .05. b. How might you...
-
how much time did it take from the onset of the push until the muscle activity response ?
-
On January 1 , Year 1 , Romano Tire Service, Inc. signed a contract to have a new service center built for $ 9 0 0 , 0 0 0 . On the same day, Romano borrowed $ 4 0 0 , 0 0 0 to finance the...
-
What do auditors do how would explain the answer to the question. Provide reference and put response in APA format.
-
a business school associate dean, decides she wants to have more exposure to how her professors engage students in the classroom. What approach to on-the-job training should Judy use? View and...
-
Define "bad debt expense" and explain how to calculate it 2) Explain valuation methods for different categories of inventory.
-
If a hollow sphere of radius R is charged with one unit of static electricity, then the field intensity E(x) at a point P located x units from the center of the sphere satisfies: Sketch the graph of...
-
Find the work done in pumping all the oil (density S = 50 pounds per cubic foot) over the edge of a cylindrical tank that stands on one of its bases. Assume that the radius of the base is 4 feet, the...
-
Which statement is the most accurate? a) Within 10 years there will be no manufacturing jobs in the United States. b) In general, it is harder to export service jobs than manufacturing jobs. c) A...
-
You would most likely be a union member if you _______. a) were a teacher b) lived in the South c) worked for Walmart d) were a corporate executive
-
Which group of workers would be the easiest for a union to organize? a) employees at a Walmart store b) employees of a county government c) employees at a Honda plant in Ohio d) employees at a...
-
Details of the capital structure of Webber Ltd. appear below: Bonds Number issued Coupon rate Interest payments Years to maturity 27,000 6% semi-annually 10 $90 Current price Preferred shares Number...
-
An Ice cream company has commissioned an ice sculpture for their end of year celebration. The ice sculpture is in the shape of a giant ice cream cone-the shape can be thought of as a cone with one...
-
1. A soft drink vendor at a popular beach resort analyzes his sales records and finds that if he seels x cans of pop in one day, his profit in dollars is given by the function P(x) = -0.012+3x-80....
Study smarter with the SolutionInn App