Assume that the price of capital equipment, which can be used as a substitute for labor, decreases, and the substitution effect exceeds the output effect. which of the following effects would the declining price of capital have in a perfectly competitive labor market? 1. the demand for labor would decrease. ii. the industry wage would decrease. iii. the cost of production would increase. iv. the price of the product would increase. multiple choice i only ill only 10 0 0 0 0 i and il only i, ii, iii, and iv iii and iv only
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Archangel manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on a percentage of direct labor costs. the production details for the year are given below. calculate the manufacturing overhead allocation rate for the year based on the above data. (round your final answer to two decimal places.) a) 42.42% b) 257.14% c) 235.71% d) 1, 206.90% archangel production details.
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Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.
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Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.
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Assume that the price of capital equipment, which can be used as a substitute for labor, decreases,...
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