Business, 11.12.2019 01:31 viicborella
Keith owns a brick factory and is considering hiring more workers. how will keith know when to stop adding employees? fill in the blanks to complete the passage.
keith will need to compare the value of the of labor to the wage he pays each employee. if the cost to hire an employee is less than the revenue that an employee can produce, keith should hiring employees because he will continue to be profitable.
Answers: 1
Business, 22.06.2019 01:40
Suppose general motors demands labor according to the labor demand function ํคํค= 40โ0. 5ํธํธ, where ํคํค is the hourly wage and ํธํธ is the number of employees. the united auto workers union has a utility function given by ํํ=ํํโํธํธ. a.in 1984, the united auto workers union started negotiations with general motors by assuming that they were a monopoly union. find the wage and employment demands that the united auto workers union would have demanded before any bargaining began. b.if general motors and the united auto workers union both had excellent bargaining representatives, would this be the final labor contract? if not, then explain in words and graphically where they would end up after the bargaining process.
Answers: 1
Business, 22.06.2019 16:30
Which of the following has the largest impact on opportunity cost
Answers: 2
Business, 22.06.2019 19:00
Read the scenario. alfonso is 19 years old and has a high school diploma. recently, he was promoted to assistant manager at the fast-food restaurant where he has worked since the age of sixteen. his dream is to become the restaurantโs manager. what is his best option for achieving his dream? he should find another job and work his way up to a higher position. he should hope that his manager transfers to another location and that he is his replacement. he should attend classes at the local college to receive training in management. he should work hard, work longer hours, and remain assistant manager.
Answers: 2
Business, 22.06.2019 21:20
Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u.s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.
Answers: 3
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