sometimes wages are set above the equilibrium level when firms pay a. more attractive salespeople higher wages than less attractive salespeople. b. workers with more seniority higher wages than newly hired workers. c. compensating differentials to workers who work the night shift. d. efficiency wages to reduce turnover.
Answers
Sometimes wages are set above the equilibrium level when firms pay :efficiency wages to reduce turnover.
How can the theory of efficiency wages account for salaries beyond the level of equilibrium?Henry Ford came up with this theory: if you pay a wage that is higher than the equilibrium level, employees know that the next best thing is a lot lower wage and they want to put in more effort to maintain the job they currently have. This is an efficiency wage designed to inspire employees.Theory that suggests businesses perform better when salaries are higher than the equilibrium level. While the efficiency wage theory claims that such restrictions aren't always essential since firms may be better off retaining salaries above the equilibrium level, minimum wage regulations prevent businesses from cutting wages.To learn more about equilibrium level refer to:
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Related Questions
The business management department at a local university began posting all assignments and other class materials to a learning management course website instead of creating a packet or printed materials for students to purchase each term. The business management department is implementing a ________ innovation. Group of answer choices product reactive policy breakthrough process
Answers
Answer:
Process
Explanation:
From the question we are informed about The business management department at a local university which began posting all assignments and other class materials to a learning management course website instead of creating a packet or printed materials for students to purchase each term.
In this case, The business management department is implementing a process innovation.
A process innovation can be regarded as implementation of a new production as well as delivery method, it can also be implementation of improved production as well as delivery method. It encompass making a significant changes in techniques as well as the equipment or software that is been used in the production process.
Gordon is over 65 what is his adjusted gross income
Answers
Answer:
huh
Explanation:
hbybibhbil
A marketing strategy that involves a firm using different marketing mix activities to help consumers perceive the product as being different and better than competing products is referred to as __________.
a. product repositioning
b. points of difference
c. product positioning
d. product differentiation
e. market differentiation
Answers
Answer:
It is referred to as product differentiation.
Explanation:
Product differentiation is a strategic type of marketing in which a firm uses campaigns and promotions to highlight features that make its product unique as well as the benefits of using the product or service.
This kind of marketing differentiate the firm's product or services from those of competitors and makes consumer perceive such differentiated product or service as better than other similar competing products.
Explanation:
A company reported total stockholders' equity of $435,000 on its Dec 31, 2018, balance sheet. The following information is available for the year ended Dec 31, 2019: Revenues: $930,000 Expenses: 495,000 Liabilities, on Dec 31. 2019: 216,000 What are the total assets of the company on December 31, 2019?
Answers
The total assets of the company on December 31, 2019, are $1,086,000.
To find the total assets of the company on December 31, 2019, we can use the accounting equation:
Total Assets = Total Liabilities + Stockholders' Equity
Given information:
Total stockholders' equity on Dec 31, 2018 = $435,000
Revenues for the year ended Dec 31, 2019 = $930,000
Expenses for the year ended Dec 31, 2019 = $495,000
Liabilities on Dec 31, 2019 = $216,000
To calculate the change in stockholders' equity for the year 2019, we need to consider the net income (revenues - expenses): Net Income = Revenues - Expenses
Net Income = $930,000 - $495,000
Net Income = $435,000
Now, let's calculate the stockholders' equity on December 31, 2019:
Stockholders' Equity on Dec 31, 2019 = Stockholders' Equity on Dec 31, 2018 + Net Income - Dividends
Stockholders' Equity on Dec 31, 2019 = $435,000 + $435,000 - Dividends
Since the information about dividends is not provided, we'll assume no dividends were paid. Therefore:
Stockholders' Equity on Dec 31, 2019 = $870,000
Finally, we can calculate the total assets:
Total Assets = Total Liabilities + Stockholders' Equity
Total Assets = $216,000 + $870,000
Total Assets = $1,086,000
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"Section 2: Supply and Demand Curves
The owner of Bond's Gym has paid you to carry out a survey of potential customers. You asked 600 potential customers what price they would be willing to pay to join the gym. Then, the owner provided data about the number of customers that can be admitted as members at each membership price.
This allowed you to create a combined supply and demand schedule for Bond's.
(refer to the table shown in the picture)
•Using the data in the supply and demand schedule, create demand and supply curves for Bond's Gym on the following graph. Be sure to use text boxes to label the supply curve as 'S' and the Demand curve as 'D'. (refer to the graph shown in the picture)"
if you couldn't read the photo, I wrote it all down here. I still don't have a grip on the graphing, so I'm kind of stuck. I'd really appreciate any help or explanation.
Answers
Answer:
Explanation: here's the graph!
Analyze why the scenario below fails to meet the criteria for a SWOT analysis:
The farming co-op determines that it needs to borrow $100,000 for new equipment to plant cherry orchards. The FFA (Future Farmers of America) is eager to help with the planting. However, the price of farmland has increased astronomically in the past five years as suburbanites have moved farther into the country.
Answers
Answer:
i am looking for it.
Explanation:
John works as a website designer and for a fee will perform tasks that help clients create or redesign their websites. In other words, John is providing what for each client?
A) a deficit
B) an export
C) an import
D) a service
Answers
Which of the following is an example of human resources planning?
A. An employee complains to his manager that he is being asked to
work too many hours.
B. An HR manager talks with department managers to determine
which workers are needed,
C. Two workers disagree with each other about the sufficiency of the
benefits the HR department offers,
D. A CEO talks with the HR manager about the value of the company
and decides that it needs to grow.
SUBMIT
Answers
Answer:
B. An HR manager talks with department managers to determine which workers are needed,
"What a given group of people appreciates" are their ___________. A. Cultural contexts b. Culture shock c. Cultural education d. Cultural values Please select the best answer from the choices provided A B C D
Answers
Answer:
d. Cultural values
Explanation:
Cultural values are the values and norms that are followed by a distinct society or a group of people. In other terms, values and norms developed within the society to form its basis are said to be the cultural values. The people believe, follow, and appreciate the values. They help in defining the ways of living and leading the life. The behavior, nature, and thinking of the society is influenced or structured as per the cultural values.
Answer:
D
Explanation:
I just took the assignment
Which of the following statements best describes the Agency Theory? A. B. C. A theory that recognizes the inclination of agents to act in their own interests rather than that of the principals (such as their employers) A theory that holds that the value of the audit report derives from the nature of the auditor as an independent competent professional A theory that holds that audit has a social benefit and is not a technical exercise for regulation A theory that recognizes that auditing is based on scientific logic with a rational process of observation and evaluation of evidence ta
Answers
A. A theory that recognizes the inclination of agents to act in their own interests rather than that of the principals (such as their employers).
The Agency Theory refers to a conceptual framework that acknowledges the inherent conflict of interest that can arise between principals and agents.
It recognizes that individuals, acting as agents, may be motivated to prioritize their own interests rather than those of the principals they represent (e.g., their employers).
In an agency relationship, the principal delegates certain tasks or responsibilities to an agent who acts on their behalf. However, due to differing interests and information asymmetry, conflicts can emerge.
The Agency Theory highlights the potential for agents to act in ways that maximize their personal gain, which may not align with the objectives or best interests of the principals.
Understanding the Agency Theory is crucial in designing appropriate governance mechanisms, aligning incentives, and mitigating agency problems within organizations.
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One reason for the "economy vs. The environment" mindset is ________. One reason for the "economy vs. The environment" mindset is ________. That environmental policies generally are oppressive and cost more money than they save that industrialization has had several positive impacts on local ecosystems that people may not foresee the long-term savings when having to make the necessary up-front investments the difference in salary between environmental watchdogs and corporate CEOs that CEOs are usually Republican and environmental advocates are Democrats
Answers
One reason for the "economy vs. The environment" mindset is the perception that environmental policies are oppressive and cost more money than they save.
Some individuals and industries argue that implementing environmental regulations and policies can lead to job loss and decreased economic growth, which they view as detrimental to society.
Another reason for this mindset is the belief that industrialization has had several positive impacts on local ecosystems. Some argue that industry and technology have allowed for increased agricultural production, cleaner energy, and reduced reliance on natural resources.
While there may be some benefits to industrialization, it's important to consider the negative impacts that it can have on the environment and the long-term sustainability of our planet.
Additionally, people may not foresee the long-term savings that come with making necessary up-front investments in environmental protection.
It can be difficult to justify spending money on initiatives that may not show immediate returns, especially for individuals or companies with limited resources.
There may also be a perception that the difference in salary between environmental watchdogs and corporate CEOs is a reflection of the values and priorities of our society.
CEOs are often associated with business success and financial growth, while environmental advocates are viewed as being more concerned with social and environmental issues.
This can create a political divide, with CEOs often supporting Republican policies and environmental advocates supporting Democratic policies.
Overall, it's important to recognize that the economy and the environment are intertwined, and that our actions today will have a significant impact on future generations.
We must work to find a balance between economic growth and environmental protection, and recognize the importance of protecting our planet for the well-being of all.
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the rule for the optimal use of any input states that a. when mrp is less than price, profit will increase when more of that resource is utilized. b. when mrp is greater than resource price, profit will increase when more of that resource is utilized. c. when mrp equals price, profit will increase when less of that resource is utilized. d. when mrp is greater than resource price, profit will increase when less of that resource is utilized. e. resources should be used only if mrp exceeds product price.
Answers
The correct statement for the rule of optimal resource use is: e. Resources should be used only if the Marginal Revenue Product (MRP) exceeds the resource price.
The Marginal Revenue Product (MRP) is the additional revenue generated by employing an additional unit of a resource, such as labor or capital. The resource price refers to the cost or price of acquiring and utilizing that resource.
To optimize resource use, it is most profitable to employ additional units of a resource only if the MRP, the additional revenue generated, exceeds the cost or price of acquiring that resource. If the MRP is higher than the resource price, employing more of that resource will increase profit. However, if the MRP is lower than the resource price, employing more of that resource would result in diminishing returns and lower profitability.
Therefore, the statement e. "Resources should be used only if MRP exceeds product price" accurately represents the rule for the optimal use of any input.
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The master budget of Swifty Corporation shows that the planned activity level for next year is expected to be 50000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $630000 Machine supplies 90000 Indirect materials 120000 Depreciation on factory building 60000 Total manufacturing overhead $900000 A flexible budget for a level of activity of 60000 machine hours would show total manufacturing overhead costs of
Answers
Answer:
$1,068,000
Explanation:
The computation of the total manufacturing overhead cost should be
Total variable manufacturing overhead for 50,000 machine hours is
= Indirect labor + Machine supplies +Indirect materials
= 630,000+90,000+120,000
= $840,000
Now
Variable manufacturing overhead per machine hour is
= Total variable manufacturing overhead cost ÷ Number of machine hours
= $840,000 ÷ 50,000
= $16.80
And,
Total variable manufacturing overhead for 60,000 machine hours
= Variable manufacturing overhead per machine hour × 60,000
= $16.80 × 60,000
= $1,008,000
Now the total manufacturing overhead cost should be
= 1,008,000 + 60,000
= $1,068,000
A high concern for people but minimal concern for performance can best describe the _____ culture.
a. caring
b. apathetic
c. exacting
d. shareholder
e. employee
Answers
The choice (a) caring culture can be best described as a culture with a strong care for people but a low interest for performance.
What would you say is culture?The collective way of life of a population, including its institutions, convictions, and artistic renderings, is referred to as its culture. The culture of a society has been regarded as its seamless way of life. The culture of a society has been described as its complete way of life. It encompasses customs, costume, language, religion, rituals, and artistic standards as a result.
What's the most basic way to define culture?Language, religion, gastronomy, social customs, music, and the arts are all aspects of a special population of people's knowledge and characteristics, or culture.
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Scheduling a production shop. midwest parts supply (mps) is a fabricator of small steel parts that are sold as components to manufacturers of electronic appliances and medical equipment. in the mps fabrication department, steel sheets are subjected to a series of three main operations—cutting, trimming, and polishing—which must be completed in this order. each machine processes the jobs in the same order, so it is sufficient to specify a single job sequence in order to describe a schedule. no machine can process more than one job at a time.
this morning, ten jobs have been released to the shop by the erp system, and the production manager is interested in minimizing the time it takes to complete the entire schedule, usually referred to as the schedule makespan. the following table gives the number of hours required for each operation.
what sequence achieves the minimum makespan and what is the minimum length of a schedule?
Answers
The best scheduling to use to ensure that the ten jobs are done in the minimum amount of time is the SJFS.
What is Shortest Job First Scheduling?This refers to the type of scheduling that makes use of an algorithm to process the shortest time to complete execution and reduces the average awaiting time for other processes to execute.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
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True or False: After calculating how much money you have left after paying for all of your monthly expenses, you can
olan on spending up to 50% of that amount on car expenses
Answers
Based on microeconomic theory, it is true that after calculating how much money you have left after paying for all of your monthly expenses, you can
plan on spending up to 50% of that amount on car expenses.
Note that after making a payment on living expenses, such as rent, mortgage, utilities, loans, car payments, and food, the money that remains is discretionary income.
This discretionary income can be used as savings, investment, or spending on your discretionary expenses such as vacations and travel expenses, car expenses.
This is because discretionary expenses are categorized under wants instead of needs.
Thus, given that planning for car expenses is a want, then the statement in the question is True.
Hence, in this case, it is concluded that the correct answer is "True."
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The following are sales revenues for a large utility company for years 1 through 11. Forecast revenue for years 12 through 15. Because
we are forecasting four years into the future, you will need to use linear regression as your forecasting method. (Enter your answers in
millions. )
YEAR
01 OUA
REVENUE (MILLIONS)
$4,869.
5,069. 9
5,522. 7
5,734. 3
5,503. 6
5. 195. 1
$5, 101. 3
5,107. 0
5. 552. 3
5,744. 8
5,863. 0
Forecast
Period
12
13
15
Answers
The forecasted sales revenue for years 12 through 15 is $5,104.04 million.
To forecast revenue for years 12 through 15 using linear regression, we need to follow these steps:
Collect historical data: We need to collect historical data on sales revenue for the years 2011 through 2015.
Choose a forecasting method: Linear regression is a commonly used method for forecasting sales revenue.
Calculate the regression equation: We can use the method of least squares to calculate the regression equation that best fits the historical data. The equation will take the form:
y = a + bx
4. Use the regression equation to forecast revenue: We can use the regression equation to forecast sales revenue for years 12 through 15.
Based on the data provided, we can calculate the regression equation as follows:
y = 5,003.62 + 0.0054x
Using this equation, we can forecast sales revenue for years 12 through 15 as follows:
Year 12: y = 5,003.62 + 0.0054(12) = 5,028.64
Year 13: y = 5,028.64 + 0.0054(13) = 5,052.96
Year 14: y = 5,052.96 + 0.0054(14) = 5,078.39
Year 15: y = 5,078.39 + 0.0054(15) = 5,104.04
Therefore, the forecasted sales revenue for years 12 through 15 is $5,104.04 million.
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According to the neoclassical perspective, in response to a shock to aggregate demand, prices and wages will change such that the economy moves back to the same level of potential GDP. What determines how long this adjustment process takes?
Answers
The factor that determines how long this adjustment process takes is that the long-run aggregate supply curve (ASn), that is vertical at the level of potential GDP, is one that determines the level of real GDP in this economy in the long run.
What is neoclassical model about?When there is increases or decreases in aggregate demand, the neoclassical view holds the notion that how the macroeconomy adjusts is due to the foresight it has that even if wages and prices are termed “sticky”, or slow to change, in the short run, they will be flexible.
In the long-run neoclassical analysis, it is shown that the chain of economic events is ever changing as economic output is said to rise above potential GDP.
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After getting married, Joe, 32, and Melinda, 29, decide to take out life insurance policies. Joe would like a 15-year term policy and Melinda would like a 20-year term policy. They each want a $300,000 policy. How much can Joe and Melinda expect to pay in premiums the first year?.
Answers
Who would be called upon to fix the following problem? The network at the U.S. embassy in Brazil has suddenly crashed.
Diplomatic Security Special Agent
information Management Specialist
Foreign Service Officer
economic Officer
Answers
An information management specialist would be the one to fix an issue with a network.
A sunk cost is a cost that has been incurred and cannot be recovered regardless of whether a project is accepted or rejected. Sunk costs should not/ be reflected in a capital budgeting analysis. True or false?
Answers
True. Sunk costs are costs that have already been incurred and cannot be recovered, regardless of the decision made.
They should not be considered in capital budgeting analysis because they are irrelevant to future decisions. Only costs that will change as a result of accepting or rejecting a project should be included in the analysis. The focus of capital budgeting analysis should be on incremental cash flows, or the additional cash flows that a project will generate compared to the status quo. By excluding sunk costs and focusing on incremental cash flows, companies can make better investment decisions that maximize shareholder value.
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can someone recommend me some research topics for economics.would really appreciate if it is in a list
Answers
Explanation:
here are some research topics for economics::
1. The effect of income changes on consumer choices
2. The effect of labor force participation on the economy and budget – A comparison
3. The impact of marital status on the labor force composition: A case of [your country] economy
4. The difference in the consumption attitude in [your country] over the last decade – Critical analysis of consumer behavior trends
5. The relationship between salary levels and ‘economic convergence’ in [your country]?
6. Analyzing salary inequalities in [your country] and the forces behind such inequalities.
7. The evolution of consumption in [your country] over the last 10 years: Trends and consumer behavior.
8. Dynamics of the Gini index as a reflection of the problem of inequality in income
9. Cashless economy: The impact of demonetization on small and medium businesses
10 Privatization of Public Enterprises and its implications on economic policy and development
Before ordering used parts for a repair, a technician
should get
approval from the ____.
Answers
An international business is a firm that
Part 2
A. hires non-U.S. citizens.
B. produces a wide range of products.
C. is not from the United States.
D. engages in international trade or investment.
Answers
Option D: An international business is a firm that engages in international trade or investment.
Therefore, the correct answer is option D. An international business is a company that conducts business across national borders. This can include importing and exporting goods, investing in foreign markets, and operating in multiple countries.
It is not necessarily defined by the nationality of its employees, the range of products it produces, or the country in which it is headquartered. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries.
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the purchase price and all costs to bring an asset to its desired condition and location for use should be ______.
Answers
Answer: capitalized
Explanation:
The purchase price and all costs to bring an asset to its desired condition and location for use should be capitalized.
To capitalize in business is simply known as to record a cost or expense. This is done on the balance sheet. The capitalization of expenses is important as firms acquiring new assets with long-term bases can amortize or depreciate the costs.The costs that we have to capitalize when purchasing assets is the cost of the item or fixed asset.
Conclusively we can therefore say that purchase price and all costs to bring an asset to its desired condition is to capitalize them as it is the best thing to do.
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Bank A offers a 2-year certificate of deposit (CD) that pays 10 percent compounded annually. Bank B offers a 2-year CD that is compounded semi-annually. The CDs have identical risk. What is the stated, or nominal, rate that Bank B would have to offer to make you indifferent between the two investments
Answers
If Bank A offers a 2-year certificate of deposit (CD) that pays 10 percent compounded annually, Bank B has to offer a 9.77% stated rate to make the investors indifferent between the two investments.
Let's assume the present value of the investment is $1. Thus, Bank A will pay $1.1 at the end of the first year (\(\$1 \times 10\%\)) and $1.21 (\(\$1.1 \times 10\%\)) at the end of the second year. On the other hand, Bank B will pay $1.05 at the end of the first year (\(\$1 \times 5\%\) semi-annually) and $1.1025 (\(\$1.05 \times 5\%\) semi-annually) at the end of the first year.
The semi-annual interest rate can be found as follows:
\(\$1.05 (1 + R)^2 = \$1.1\). The semi-annual interest rate (R) turns out to be 2.393%, which makes the stated annual rate of Bank B as follows:
\((1 + 2.393\%)^2- 1 = 4.89 \%\).
So, the stated rate of Bank B = 4.89%. Thus, Bank B has to offer a stated rate of 9.77% (twice the semi-annual rate) to make the investors indifferent between the two investments.
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To make you indifferent between the two investments, Bank B would have to offer a stated or nominal rate of approximately 9.95 percent compounded semi-annually.
To determine the equivalent rate offered by Bank B, we need to calculate the effective annual rate (EAR) for both banks and find the rate that makes the investments equivalent.
For Bank A, the stated rate is 10 percent compounded annually, so the EAR is also 10 percent.
For Bank B, the stated rate is unknown. We can use the formula for the EAR compounded semi-annually to find the equivalent rate:
EAR = (1 + (r/n))ⁿ⁻¹
Let's assume the stated rate for Bank B is 'r'. Since the compounding is semi-annual, 'n' is 2. We want to find the rate that makes the EAR equal to 10 percent.
10% = (1 + (r/2))ⁿ⁻¹
Solving this equation, we find that 'r' is approximately 9.95 percent when rounded to two decimal places.
Therefore, Bank B would have to offer a stated or nominal rate of approximately 9.95 percent compounded semi-annually to make you indifferent between the two investments.
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Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of
$322,500; materials of $405,000 and direct labor of $215,000. During the year Adams incurred $413,000 in materials costs, $414,800 in overhead costs and
$219,000 in direct labor costs. Compute the predetermined overhead rate.
Answers
Answer:
150%
Explanation:
Computation of the predetermined overhead rate
Using this formula
Predetermined overhead rate=Estimated overhead/Estimated direct labor cost
Let plug in the formula
Predetermined overhead rate=$322,500/ $215,000
Predetermined overhead rate=1.5*100
Predetermined overhead rate=150%
Therefore Predetermined overhead rate will be 150%
Colby works as a shipping clerk for a major package delivery service. Some of his daily tasks include tracking shipments and entering orders. Which aspect of the Information Technology cluster would he most likely be trained in?
networking
databases
hardware
software
Answers
Answer:
Databases
Explanation:
Just took the test!
Databases aspect of the Information Technology cluster would he most likely be trained in. Thus option B is correct.
What is a Technology?Technology, or as it is occasionally referred to, the modification and management of the environment, is the application of knowledge of science to the practical goals of human life. Much as diminishing scarcity is understood to be mankind's primary goal.
In keeping this process where the keeping of database of the document and labeling of the shipment is necessary there for the call be tracked in the database a set of the technology.
This would help them to maintain particular software where the shifting of containers or the packages that have been present will be present and will be accounted for. Therefore, option B is the correct option.
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A deductible is
a) The discount you deduct from your premium
b) The amount you pay when you file an insurance claim
c) The amount that is deducted when you buy a policy
d) The discount received by a health care provider
Answers
Answer:B
Explanation:
A deductible is the amount you owe before insurance pays. Example: If your car insurance has a $500 deductible and you have a fender bender (wreck) let’s say it will cost $2,000 to fix your car. You will pay the $500 deductible and your car insurance company will pay the remaining $1,500
Louis xiv of france and peter the great were both considered absolute rulers because they
Answers
Louis XIV of France and Peter the Great of Russia were both considered absolute rulers because they:
1. Centralized power: They consolidated power in their own hands, reducing the influence of the nobility and other traditional power centers.
2. Controlled the military: They built strong, well-funded armies to expand their territories and maintain control within their borders.
3. Enforced religious uniformity: Louis XIV suppressed religious dissent, while Peter the Great promoted religious tolerance to unify their respective countries.
4. Expanded bureaucracy: They created centralized bureaucracies to enforce their rule and administer their territories more effectively.
5. Patronized arts and culture: Both rulers supported the arts and culture to bolster their prestige and promote their ideals.
6. Undertook large-scale building projects: Louis XIV built the Palace of Versailles, while Peter the Great built St. Petersburg to showcase their power and wealth.
7. Implemented reforms: Peter the Great implemented modernizing reforms in various aspects of Russian life, while Louis XIV strengthened the French economy.
These actions demonstrate how both rulers were able to maintain absolute control over their countries during their reigns.
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