Q: what is a labour related theory
A: Why one had to look at the sphere of production? As per Karl Marx version of economics, People…
Q: Some economists say that profit earner is a kind of
A: To find : What is profit earner type
Q: When J employs D to sew 100 pieces of barong, what contract is created? A. Agency to sell B.…
A: A contract is an agreement between private parties that creates legally enforceable mutual…
Q: If four workers can produce 18 chairs a day and five can produce 20 chairs a day, the marginal…
A: The term Marginal Product means "change in Production divided by change in input" so, MP = Change in…
Q: Lets assume this situation is real! Dissimliar to Lyft, where drivers have their own vehicles, Ebay…
A: All the requested parts have been solved below.
Q: Use a graph and derive the labor supply curve of a worker. Explain in detail.
A:
Q: Kaiser's Ice Cream Parlor produces smoothies. The market for smoothies is perfectly competitive, and…
A: * The change in total production caused by adding one additional unit of labor is referred to as…
Q: 8. All labour is A. O Homogeneous B. O Heterogeneous C. O Lazy D. O Intelligent
A: The work which is being done by a particular worker or the group of workers in exchange for money is…
Q: The earnings of workers O a. depend on the highest degree earned O b. do not depend on the college…
A: Marginal benefit(MB) is the extra benefit received from consuming 1 more unit of a good. It shows…
Q: Briefly explain the definition on the "price of leisure" in the household choice in the input…
A: The willingness of a person to work in a market and do job is determined by his/her choices for…
Q: What is Labour
A: Labor is one of the four factor of production along with capital, land and entrepreneurship. Labor…
Q: What is labor economics? Which types of questions do labor economists analyze?
A: The term labour applies to jobs in economics, and a labour receives wages on the basis of the…
Q: Briefly explain the marginal productivity theory of wages.
A: Marginal Revenue Productivity theory of wages:- Wage standards are established to reflect the…
Q: Andrea Mowry is a knitwear designer, and she has a firm DreaReneeKnits. She uses knitters as labour…
A: MPn = TPn - TPn -1 AP = TP × L TC = TFC + TVC ATC = TC / Q MC = change in TC/ Change in Q
Q: What are some of the uses to which labors tandards are put?
A: Labor standards refer to standard conventions relating to workers, such as basic worker rights,…
Q: What is labour surplus
A: Labor: The term labor means the state of work. A person doing a work that means he is providing his…
Q: Let's say you stay in Blacksburg over the summer and work for S10/hr. Once classes start in the…
A: The next best alternative is frequently referred to as opportunity cost. It is the cost associated…
Q: The New York Times cost $0.15 in 1970 and $2.00 in 2011. The average wage in manufacturing was $3.36…
A: wage rate in 1970 = $3.36 /hour Wage rate in 2011 = $23.09 /hour
Q: Use a graph to illustrate and explain the individual supply of labour curve. In your answer,…
A: An individual labor supply is derived by optimizing utility to choose between consumption and…
Q: Illustrate and examine how the individual supply of labor curve demonstrate the way an individual…
A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…
Q: What is employability
A: Employability refers to the attributes of a person that make that person able to gain and maintain…
Q: Explain what is/are the advantage might Generation Y have in terms of education and income advantage
A: Generation Y have a set of abilities and characteristics that distinguish them as desirable…
Q: a) Overall effect on labour choice is the summation of income and substitution effect. Please…
A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. if…
Q: electricians. At the initial wage of 60K/year (including benefits) 480 are currently employed in the…
A: Initial wage = 60,000 per year Number of workers = 480 After Hiring Wage = 65,000 Number of…
Q: Charlie owns his own candy factory where he employs individuals to make his world-famous toffee. The…
A: a.The marginal product of labor is the change in the output due to a change in the quantity of labor…
Q: 3.. Civil engineers in Tyler Texas all work at the only engineering firm in town. They can expect to…
A: Answer -
Q: (e) A worker who quits his job because he thinks the pay is insufficient. (f) A teenager who gets…
A: People who are employed and unemployed are part of the labor force. Only the people under the age of…
Q: A person is a gig worker and can choose whether and how much he works each day. If he does work, his…
A: The income which a worker earns depends on the work hours and the wage rate. Income = Work hours *…
Q: 1. Zoe is trying to decide how to divide her time between her job as a wedding photographer, which…
A: Marginal benefit is an additional gain of benefit arises from the production of an additional unit…
Q: If summer work for 12 hours and get paid 11 dollars an hour how much will she get paid in a week?
A: Let summer work for 7 days a week for 12 hours per day. Given; Total working hours= 12 hours per day…
Q: (TCO C) You have been hiredto manage a small manufacturing facility whose cost and productiondata…
A: The marginal analysis states that a detailed examination of both marginal revenue and marginal cost…
Q: The following diagram shows the market for medical checkup. What are the equilibrium price and…
A: The equilibrium price and quantity are obtained where market demand equals market supply. An…
Q: Angela has been working at a real wage rate of $25 per hour. Illustrate in a diagram how Bruno's…
A: As an ever increasing number of robots are utilized, the interest for work will get decreased. As…
Q: 8. Factors of production can be: (a) Land (b) Labour (c) Organisation (d) All of the above
A: # Goods and services can be produced using the fundamental units of an economy which are resources.…
Q: (Table) Based on the table, the value for C is Competitive Labor Market e MPP P VMP W 0 0 8 0 80 5 5…
A: MPP stands for marginal product of labor. It refers to change in total product from hiring one more…
Q: The equality between MRP of labor and the MRC for labor determines the…
A: MRP or marginal revenue product is the increase in the firm’s total revenue due to employing the…
Q: Use the graph to answer the following question. Median Annual Earnings of Full-Time, Year-Round…
A: The graph contains information about the level of income of full-time workers between the ages of…
Q: What is division of labour
A: Labor is an important factor used by the business companies along with other factors like capital…
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- wurses/19788/quizzes/34209/take torio... Bb Microsoft Word-MATH LAB 2012-2013 season (reference season) 2013-2014 season (1st year of prevention program) on it year of prevention 2014-2015 season (2nd year of prevention 2014-2015 season (2nd year of prevention progrem) By implementing as Ankle injury lucidence pedo Jajury Ancatego (per 1000 player hours, Le, PH) 0.9 injuries/1000 PH 0.5 injuries/1000 PI 0.5 injuries/1000 PH By implementing a standardized exercise program, investigators conducted a multi-year injury risk reduction study in female collegiate volleyball players. The first year of data provided above was without the exercise program to allow the determination of baseline risk. The subsequent two years of data were collected to document the potential for a progressive impact on risk reduction. Calculate the most appropriate measure of association for this investigation as follows (expressed as a percent - (do NOT use the % symbol) and rounded to the nearest tenth): the risk…The definition of Product Possibility Frontier is The graph which indicates the various production possibilities of two products when resources are fixed. The graph that shows the highest amount of money a person can make over a period of time. The graph that shows how supply and demand works. The graph that tells us how well an economy is doingThink about your own life. Maybe you are willing to spend 50 or 60 hours a week between school and work. Maybe you take care of young children and have a lot of home life responsibilities and you only spend 20 hours between school and work. Draw your own personal Production Possibilities Frontier (PPF) for time spent doing school and work. Remember to plot out multiple possible combinations and then draw a line to connect them. Explain where you operate on your PPF and why. What are some of the opportunity costs you have to weigh to determine where you will operate along your personal PPF curve?
- "In this 3 authors Baron, Drucker and Mitchell" please explain there ideas.Question 4 In the small outback town of Korweingiboora there is one main street, one mile long, running south to north. All 100 of the townsfolk live along the side of the street, fifty on each side. There are two restaurants, A & B. One restaurant is located one quarter of a mile from the south end of town. One restaurant is located at the end of the main street at the north end of town. Korweingiboorans are willing to pay up to $30 for a restaurant meal. (a) If restaurant A charges $20 for a meal and restaurant B charges $16 for a meal and the cost per mile of traveling for the residents is $10 per mile, draw a diagram depicting the location of the restaurants and the consumer surplus line of each. (b) Draw on the same diagram the location of the marginal customer who is indifferent between purchasing at the two restaurants. (c) Calculate the location of the marginal customer. (d) What is the total price (price + transport cost) paid by the marginal customer? (e) How much consumer…What is a cooperative? What are the types of cooperatives?
- What are “collective action problems”? What issues may unfold based on such problems? Give examples.NAME Rayan Abera Legal Environment PERIOD 4th. Entrepreneurship Test Chapter 8 30 POINTS. Multiple Choice Identify the choice that best completes the statement or answers the question. 1. A percentage of the price of an item that goes to a state or local government is a a. discount. c. patent. b. sales tax. d contract. 2. Which of the following terms means that you are legally able to enter into a binding agreement? legality C. agreement 6. consideration d. capacity 3. A binding legal agreement or promise to do something is a - a. c. contract. law. permit. d. license. 4. The federal agency that monitors product safety for items such as cosmetics, food items, and suntan lotions is - the a. Federal Trade Commission. b. Food and Drug Administration. C. American Bar Association. Consumer Product Safety Commission. 5. The law that established a minimum wage and maximum working hours is the a. Clayton Act. b. Fair Packaging and Labeling Act. Fair Labor Standards Act. d. Occupational Safety…PA no Page 5 8. Pat and Kerry are considering a partnership. With all Pat's resources, Pat can produce 50 X or 20 Y. With all of Kerry's resources, Kerry can produce 30 X or 30 Y. Assume the resources can be easily substituted to make either product. They are starting by using half of the resources to make each item. These relationships are shown in the following table. Use this information to answer the following questions: Kerry Product X (Xylophones) Product Y (Yams) 50 0 Pat 25 Pat make? 10 0 20 Pat make? 30 0 15 15 0 30 a. Who has an absolute advantage in producing X? Pat b. Who is a comparative advantage in producing Y? Partnership be gained from before they started trading? c. If Pat and Kerry decided to take all the gains from trade in X, how much X would 40 25 d. If Pat and Kerry decided to take all the gains from trade in X, how much X would Gain be gained from before they started trading? e. If Pat and Kerry decided to take all the gains from trade in Y, how much Y would f.…
- What two groups control the availability of resources in "Mixed Systems"?in the box and write its letter (A to H) in each USE EACH WORD ONCE ONLY. ghe tam (C) disgust Iung the (D) equipment (A) eampsite (B) delight (F) shed (G) travel du lich (H) voyage hành trinh (E) resources Long ago some merchants wanted to sell their carpets in a city across the desert. They had to (15) across the desert with heavy loads. They packed all their camping (16) and loaded them onto their camels. After several days, they ran out of food and water. They were exhausted. To their (17) they spotted an oasis. Their camels drank freely from the cool spring. The merchants set up their (18) and pitched their tents. The next morning, they continued on their journey to the city.example of marginalism