How would the wage rate and the level of employment be affected by the invention of a
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
This has no effect on the demand for labor because diff...View the full answer
Answered By
BRIAN MUSINGA
I possess a Bachelors of Commerce degree(Marketing option) and am currently undertaking an MBA in marketing. I believe that I possess the required knowledge and skills to tutor in the subject named. I have also written numerous research academic papers much to the satisfaction of clients and my professors.
5.00+
2+ Reviews
17+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
How would the wage rate and employment for the Rustenburg miners be determined in a competitive market? Impala Platinum has sacked 17,000 South African miners at its Rustenburg mine because they took...
-
How are the wage rate and employment determined in a competitive labor market?
-
(a) If w represents the wage rate and p the price level, what is w/p? (b) If w represents the annual growth in wages and i is the inflation rate, what is w i? (c) What does ln(w) ln(p) represent?...
-
If the owner of a company takes merchandise for personal use, what account is debited? a. Owners capital b. Owners withdrawals c. Purchases d. Cash
-
From an agricultural point of view, discuss the advantages and disadvantages of selective breeding. It is common for plant breeders to take two different, highly inbred strains, which are the product...
-
A charge of uniform linear density 2.0nC/m is distributed along a long, thin, non-conducting rod. The rod is coaxial with a long conducting cylindrical shell (inner radius = 5.0 cm, outer radius = 10...
-
The time-dependent axial stress, \(\sigma_{x}(t)\) and the time-dependent circumferential stress, \(\sigma_{y}(t)\) in the wall of the filament-wound, thin-walled composite pressure vessel shown in...
-
Dietrick Corporation borrowed $30,000 from its major shareholder, the president of the company, at an annual interest rate of 12%. 1. Assuming simple interest, (a) How much will Dietrick have to pay...
-
5. A three-stage, single acting compressor is required to compress 135m of free air per hour from 1bar to 64bar. Prove that with complete intercooling the stage pressure ratio should be equal to the...
-
The file P02_16.xlsx contains the number of arrivals at a turnpike tollbooth for each of four 5-minute intervals for each of 256 days. For this problem, assume that each column, such as arrivals from...
-
True or False: If the capital stock is fixed and if the level of output is fixed, then a rise in the marginal productivity of labor benefits the owners of capital.
-
Contrast the effects on employment, output, and wages of (a) a year of bad weather resulting in low agricultural productivity and (b) nuclear contamination that lowers agricultural productivity...
-
(a) A thin rod of length h and mass M is held vertically with its lower end resting on a frictionless horizontal surface. The rod is then released to fall freely. Determine the speed of its center of...
-
Which of the following would justify a Postcolonial reading of Jean Rhys's 1966 novel Wide Sargasso Sea? _The fact that it is a modern prequel to Jane Eyre, an eighteenth-century work ____ the fact...
-
A frog is jumping at a 25 angle from an edge of the river that is 15 cm above the lily pad. The frog leap from the shoreline with a velocity of 1.21 m/s and land on the lily pad. What is the final...
-
Hocus Pocus Corporation has the following list of accounts and balances after posting its closing entries: a ) ?Calculate the current ratio and the debt ratio. Assume the unearned service revenue...
-
Why is it important to use different types of evidence to support your arguments in academic work?
-
Three identical metal spheres are hung from a ceiling on rigid non-conducting rods. Sphere 1, sphere 2, and sphere 3 have charges 31 C, -46 C, and 54 C, respectively. Each sphere is separated by 15...
-
Explain the relation between the following two formulas (c is a constant): d - sin(cx) = c cos(cx), dx x sin(xy) = y cos(xy)
-
In Exercises evaluate the limit, using LHpitals Rule if necessary. lim 07x cos x X
-
The best answer to Borghis Question 2 is: A. stable. B. inflationary. C. deflationary. Robert Groff , an equity analyst, is preparing a report on Crux Corp. As part of his report, Groff makes a...
-
Why is corporate finance important to all managers?
-
Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the advantages and disadvantages of each form.
-
How do corporations go public and continue to grow? What are agency problems?
-
What are some scholarly sources that support the implementation of a case manager?
-
Review your own current processes relating to ER and IR within the organisation and identify three issues that can be improved upon.
-
A group of students working on a collaborative research project needs a centralized space to store and edit their documents. Which Teams feature should they primarily use?
Study smarter with the SolutionInn App