Suppose the demand for hammocks increases. What will happen to each of the following in the market
Question:
Suppose the demand for hammocks increases. What will happen to each of the following in the market for hammock makers?
a. The market labor supply curve
b. The market labor demand curve
c. The equilibrium wage rate
d. The equilibrium quantity of workers hired
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
When the demand for hammocks increases several factors will affect the market for hammock makers a The market labor supply curve The increase in deman...View the full answer
Answered By
Mark Odhiambo Odero
As a Bachelor of Education graduate from KIbabii University and an assistant lecturer at JKUAT, I have gained extensive experience and developed professional qualities that make me a great candidate for an academic writer at SolutionInn.
Firstly, I have a strong passion for education and tutoring. This passion has motivated me to pursue a career in education and has helped me to become an effective educator. I believe that education is the key to unlocking the potential of individuals, and I am committed to helping students achieve their full potential. My passion for education has also helped me to stay up-to-date with the latest developments in education and teaching methodologies.
Secondly, I possess excellent communication skills. Communication is an essential aspect of education, and as an assistant lecturer, I have developed effective communication skills that have helped me to interact with students, colleagues, and senior lecturers effectively. I am able to communicate complex ideas in a simple and understandable way, and this has helped me to build strong relationships with my students.
Thirdly, I have strong organizational skills. As an assistant lecturer, I am responsible for preparing course materials, grading assignments, and keeping track of student progress. These responsibilities require a high level of organization and attention to detail, and I have developed effective organizational skills that enable me to manage these tasks effectively. These skills will be useful in my role as an academic writer at SolutionInn, where I will be required to manage multiple projects and meet tight deadlines.
Fourthly, I am a self-motivated and proactive individual. I take the initiative to identify problems and find solutions to them, and I am always willing to go the extra mile to ensure that I deliver high-quality work. I am also a fast learner and can adapt to new situations quickly, which is essential in the fast-paced world of academic writing.
Lastly, I possess excellent research skills. As an academic writer, research is an essential aspect of my job, and I have developed effective research skills that enable me to find relevant and reliable information quickly. I am also proficient in using various research tools and software, which will be useful in my role as an academic writer.
In conclusion, my professional qualities make me a suitable candidate for an academic writer at SolutionInn. I am passionate about education, possess excellent communication and organizational skills, am self-motivated and proactive, and have excellent research skills. I believe that these qualities will enable me to deliver high-quality work and help students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
To keep things simple, lets put this into a familiar supply and demand story and assume that in the long run, workers offer a fixed supply of labor: In other words, while they may be picky about jobs...
-
Compensating Wage Differentials and Increased Worker Safety: Why would any worker choose to work in a profession (like coal mining) that is risky for the workers health and safety? The answer is that...
-
Trade, Migration and the Price of a Haircut: In the text, we discussed the similarities between outsourcing and immigration and with it the similarity between trading goods and moving workers. The...
-
Evaluate the integrals in Problem. Check your answers by differentiating. (3x 2 - 4x - 4) dx
-
The SFP of Karmax Ltd. discloses the following assets: Note 1 The long- term investment is an investment in the common shares of a company owned and operated by the two sons of Karmax's major...
-
Matt plans to start his own business once he graduates from college. He plans to save $3,000 every six months for the next five years. If his savings earn 10% annually (or 5% every six months),...
-
Identify the departments reporting to the vice-president of production?
-
Comment on the following sampling designs: a. A citizens group interested in generating public and financial support for a new university basketball arena prints a questionnaire in area newspapers....
-
Problem #2 The Fermi energy (in eV) of Na and Au are 3.15 eV and 5.54 eV, respectively at 300 K. Calculate the speed of electrons at EF for each metal. Calculate the density of states as states per...
-
Suppose a shop called Buy the Sea Shore sells seashells in a perfectly competitive shell market and hires labor from a perfectly competitive labor market. Draw the labor demand curve and the labor...
-
For 30 years, the Ringling Brothers and Barnum and Bailey Circus operated Clown College. Suppose the tuition for Clown College doubles, making it more difficult to obtain clown qualifications. What...
-
In applications, the symbols used for the independent and dependent variables are often based on common usage. So, rather than using y = f (x) to represent a function, an applied problem might use C...
-
7. Assets Current assets Net fixed assets 2021 $1,089 4,144 2022 Consider the following abbreviated financial statements for Parrothead Enterprises: 2022 and 2021 Partial Balance Sheets Liabilities...
-
Toyota Co. is considering replacing a machine that checks the safety of gas pedals from outside venders. The old machine was purchased 5 years ago for $20,000 and is being depreciated on a...
-
Match the risk categories below with the risk management tool used to monitor and/or mitigate the risk. Choose from the following tools: Strategic Risk, Liquidity Risk, Interest Rate Risk, Credit...
-
consider pricing a one-year swap on December 11, Year 1, given the following yield information pertaining to floating rates: We would like to use this information to derive the fixed swap rate. The...
-
2.- A binomial model is used to explain the changes in the price of a stock. The current spot price is $100. The u factor is 1.12 and d is 0.87 1. Calculate all possible values of the Stock price at...
-
Describe how tracking research can benefit an online retailer.
-
You are planning to purchase your first home five years from today. The required down payment will be $50,000. You currently have $20,000. but you plan to contribute $500 each quarter to a special...
-
The poverty line: a. Separates those on welfare from those not on welfare. b. Equals three times an economy food budget. c. Equals the median income level. d. All of the above.
-
Describe how investment in human capital could help solve the poverty problem.
-
Which of the following statements is true? a. Income distribution in the United States has become more unequal since 1929. b. The Lorenz curve indicates the degree of discrimination in an economy. c....
-
In the template, the ode used is dx =2x-100 dt And in the code, the initial condition (x0) is set at 100, and the plot shows X increases overtime. Now the question a) Plot the results with a few...
-
3, (4 points) Give the result: a, b, c 2, 4, 7 1 if a >. b: 2. 3. if b>c print("spam please") 4. else; 5. print ("It is a late parrot") 6. elif bc 7. print ("cheese shoppe") 8. if a >= c 9. print...
-
Kernel estimation 6. Use the formula of 1D Gaussian function 1 G(x): = 2 e 202 2 to find coefficients of a kernel of size 7 when o=1.4. Hint: x is evaluated in interval [-3-2-10123] [10%] 7. The size...
Study smarter with the SolutionInn App