The differences in wage rates paid in different occupations are caused entirely by the differences in the
Question:
The differences in wage rates paid in different occupations are caused entirely by the differences in the elasticity of supply of labour. The way, therefore, to overcome the differences in wage rates is to increase the training available to workers. Discuss whether economic analysis supports this argument.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 25% (4 reviews)
Thus a highly skilled worker will be able to command a high wage due to high MRP ...View the full answer
Answered By
Afsal A
I am completed my higher secondary. And now studied at collage. Still Studying B.com Co-operation.
0.00
0 Reviews
10+ Question Solved
Related Book For
Cambridge International AS And A Level Economics Coursebook
ISBN: 9781107679511
3rd Edition
Authors: Colin Bamford, Susan Grant
Question Posted:
Students also viewed these Business questions
-
Discuss how the current economic restrictions caused by COVID19 affect Australian reporting entities in applying AASB 16 Leases. Discuss how the current economic restrictions caused by COVID19 affect...
-
Discuss the three reasons for equilibrium wage rate differences given in the text. Which one, or more, accounts for differences in wage rates between engineers and elementary school teachers? College...
-
Workers at Sues Surfboards negotiate a wage increase of $100 a week for each worker. If other things remain the same, explain how Sues Surfboards short-run average cost curves and marginal cost curve...
-
Given the financial data in the table below for two mutually exclusive alternatives, determine the value "X" for the two alternatives to be equally attractive. Use an interest rate of 12% per year. P...
-
A gas starts at the conditions 78.9 mL, 3.008 atm, and 56C. Its conditions change to 35.6 mL and 2.55 atm. What is its final temperature?
-
Dave has $100,000 to invest in 10 mutual fund alternatives with the following restrictions. For diversification, no more than $25,000 can be invested in any one fund. If a fund is chosen for...
-
Recall the facts in Leonard v. Pepsico Had this been a contract, would it have been subject to the Statute of Frauds?
-
Christophers Custom Cabinet Company uses a job order cost system with overhead applied as a percentage of direct labor costs. Inventory balances at the beginning of 2013 follow: Raw materials...
-
QUESTION 3 (20 MKS) a) Obtain the time-independent Schrodinger Wave equation from the time dependent equation. [10 mks] b) Solve the time-independent Schrodinger equation given that,(x) = Aekx [10...
-
1) You and a developer get together to form a corporation that will build a shopping mall on some land you own near a major planned interchange of 1-540. The developer contributes $10 million in...
-
a. Why may a country experience a rise in unemployment? b. Discuss whether an increase in unemployment is always harmful.
-
In 2013 the Intergovernmental Panel on Climate Change published clear evidence that the growth in air transport was one of the main contributors to climate change. a. Using a diagram, explain the...
-
Consider Review Exercise 3.66. There are two service lines. The random variables X and Y are the proportion of time that line 1 and line 2 are in use respectively. The joint probability density...
-
Soalan untuk BAHAGIAN B adalah berdasarkan kepada kajian kes mengenai "Crypto crash stokes some financial crisis fears..." seperti di lampiran (rujuk pautan untuk maklumat lanjut). Anda adalah...
-
what is a good meaningful response to the following post made by a classmate? The quality of the budget looks good, it is outlined clearly and concisely. It is easy to navigate to find the...
-
Multiple Select Question Select all that apply When compared to a company with higher fixed costs and lower variable costs, a company with lower fixed costs and higher variable costs, has...
-
When a company issues additional shares, typically ________. Multiple choice question. there is a rally in the company's shares because new capital is flowing into the company earnings per share...
-
I am doing a project ppt based on the benefits of a new course and how that will give benefit to CFB The new course I am thinking of is a language course. Could you provide me with information on how...
-
Two elimination products are obtained from the following E2 reaction: a. What are the elimination products? b. Which is formed in greater yield? Explain. - CH3CH2CHDCH2Br -
-
Smthe Co. makes furniture. The following data are taken from its production plans for the year. Required: 1. Determine the hazardous waste disposal cost per unit for chairs and for tables if costs...
-
Virginia owns 100% of Goshawk Company. In the current year, Goshawk Company sells a capital asset (held for three years) at a loss of $40,000. In addition, Goshawk has a short-term capital gain of...
-
In the current year, Plum, Inc., a closely held C corporation, has $410,000 of net active income, $20,000 of portfolio income, and a $75,000 passive activity loss. What is Plums taxable income for...
-
Joel is the sole shareholder of Manatee Corporation, a C corporation. Because Manatees sales have increased significantly over the last several years, Joel has determined that the corporation needs a...
-
A major supplier to company A offers 30 day payment terms, with a discount of 2% if the account is paid within 10 days. Company A has traditionally paid the supplier within 10 days in order to...
-
A freestanding satellite urgent care center is proposed by a hospital. Fixed costs (building and equipment depreciation, minimum staffing levels) are $600,000 per year and the variable costs...
-
Great LEarning FRA project A balance sheet is a financial statement of a company that provides a snapshot of what a company owns, owes, and the amount invested by the shareholders. Thus, it is an...
Study smarter with the SolutionInn App