Why might some firms voluntarily pay workers a wage above the market equilibrium, even in the presence of surplus labor

Answers

Answer 1

Answer:

a. Paying higher wages can reduce a firm's training costs. b. Higher wages attract a more competent pool of workers. d. Paying higher wages helps workers to be healthier in some developing countries.

Explanation:

Paying higher than average wages will help a company retain staff who would appreciate being paid so much. There will therefore be less workers leaving the company which means that there would be no need to train new staff.

Higher wages also attracts more competent workers because competitive wages attract better talent who would want to work for a company that adequately compensates them for their higher skillset.

Developing countries tend to have low minimum or rather low equilibrium wage rates in order to get companies to employ more people. This usually does not reflect the economic situation in he country so paying above this rate will ensure that the employees are better taken care of which would leave them healthier.


Related Questions

Summary of significant accounting policies would not include

Answers

Summary of significant accounting policies would not include specific financial transactions or events, detailed explanations of specific accounting standards or principles, or specific financial statement disclosures.

It is a section in the financial statements that provides an overview of the accounting policies adopted by a company and the judgments made in applying those policies. It typically includes information on the measurement bases used, revenue recognition policies, expense recognition policies, depreciation methods, inventory valuation methods, etc.

What is included in the summary of significant accounting policies may vary depending on the nature of the business, applicable accounting standards, and regulatory requirements. However, it generally provides a broad understanding of the company's overall accounting framework rather than specific details or transactions.

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Would you want to work for a company that has chosen to be a conscious marketer? Why or why not? Support your decision by discussing at least one positive and one negative about working for this kind of company.

Answers

Answer:

You would want to work for one because it had a lower chance of getting closed or loosing money. A positive is wiser spending. A con is not taking all the risks.

Explanation:

Hope this helps!

A company's marketing plan begins with a focus on ___________________.

a.
customers

b.
product

c.
place

d.
value

Answers

Answer: customers

Explanation:

discuss money supply and inappropriate government policies as causes of fluctuations in business cycles​

Answers

Answer:

Economic growth can be caused by random fluctuations, seasonal fluctuations, changes in the business cycle, and long-term structural causes. Policy can influence the latter two.

Business cycles refer to the regular cyclical pattern of economic boom (expansions) and bust (recessions). Recessions are characterized by falling output and employment; at the opposite end of the spectrum is an “overheating” economy, characterized by unsustainably rapid economic growth and rising inflation. Capital investment spending is the most cyclical component of economic output, whereas consumption is one of the least cyclical. Government can temper booms and busts through the use of monetary and fiscal policy. Monetary policy refers to changes in overnight interest rates by the Federal Reserve. When the Fed wishes to stimulate economic activity, it reduces interest rates; to curb economic activity, it raises rates. Fiscal policy refers to changes in the federal budget deficit. An increasing deficit stimulates economic activity, whereas a decreasing deficit curbs it. By their nature, policy changes to influence the business cycle affect the economy only temporarily because booms and busts are transient. In recent decades, expansions have become longer and recessions shallower, perhaps because of improved stabilization policy, or perhaps because of good luck.

Which statement is true regarding monopolistic competition?

Answers

Answer:

AR>MR

--------------------------------------

WHERE ARE THE OPTIONS.

Horizontal analysis ______. Multiple choice question. identifies the relative contribution made by each financial statement line item is used to identify trends over time provides an understanding of the relationships among various items on financial statements

Answers

Horizontal analysis is used to identify trends overtime.

Horizontal analysis is also referred to as trend analysis. It is a situation whereby there is a comparison of financial statements to show performance over a given time period.

It helps by spotting financial trends over a specific period of time. The analysis is done horizontally over time periods unlike the vertical that is done vertically on the columns.

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Which of the following does not refer to sustainable development?

Answers

Answer:

Present level of poverty

Sustainable development basically refers to the development in a strategic way where the needs of the present generation are met without compromising the ability of future generations to meet their own need. Therefore, sustainable development aims at sustaining the present level of resources and providing the present generation with a good quality life. So it does not refer to sustaining the present level of poverty.

Hi hi hello hi hi bye Christmas merry the answer I s D

QUESTION 3 of 10: Mill rate is the tax rate that is applied to the assessed value of a real estate property by a municipality. Your tax is
calculated by multiplying the mill rate by the assessed value of a property and dividing by 1,000. If your town's mill rate is 8 and your
assessed home value is $188,000, how much will your town tax bill be?

Answers

Answer:

1,504

Explanation:

Trust me

The town's tax bill given the mill rate and the assessed value of a property is $1.504.00

What is the town tax bill?

The mill's rate the amount of tax that would be paid per dollar of the assessed value of a property.

Town tax bill = (mill rate x assessed value) / 1000

(8 x 188,000) / 1000 = $1,504

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You are reading product reviews posted online by consumers. Which external information source are you using?
A. company website
B. industry website
C. social media
D. print media
E. consumer report

Answers

Answer:

E

Explanation:

Social media external information source are you using. The answer  is OPTION C.

When reading product reviews posted online by consumers, you are using social media as an external information source. Online forums provide a space for consumers to share their experiences and opinions about products they have purchased.

These reviews can be valuable for gathering insights into the pros and cons of a product, its performance, and overall customer satisfaction. Social media platforms have become popular sources for consumers to share their feedback, and businesses often monitor these channels to understand customer sentiments and improve their products or services based on the feedback received.

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Describe how sales and consumer-related legislation and regulations affect the delivery of customer service

Answers

Health and safety legislation affects customer service delivery as it requires staff in an organization to ensure the safety of themselves and others, and act responsibly.

There are many perspectives like Changes to tax regulations and rates can have a significant impact on a business. For example, a fall in the rate of corporation tax reduces the amount of tax that corporations have to pay on their profits.

Customer service staff who deal with customers should know about the impacts and effects of legislation and regulations that protect the consumer when buying goods and services.

Governments issue regulations related to environmental practices, employee practices, advertising practices, and much more.

Government regulations affect how companies structure their businesses, where companies decide to locate, how they classify their employees and thousands of other things.

Environmental regulations, intended to protect human health and the environment, generally result in higher production costs and lower productivity in firms, which can lead them to shift investment and production to less stringent locations.

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What is negotiation in collective bargaining?

Answers

Negotiation is a type of negotiation that typically tries to improve pay and working conditions in discussions involving representatives and their employer.

What is "meaning negotiation" described as?

Speakers negotiate meaning in order to make sure that they properly comprehend one another. By asking for clarification, restating, and verifying your comprehension, the debate of significance can be completed.

What is the negotiation process?

In negotiations, two parties work together to find a compromise or a solution that is acceptable to all parties in order to achieve a specific end objective. One party will express their stance, and the other will both accept the terms or respond with a different one.

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Which formula can you use to extract the month number from the date entered in cell F5 as July 8, 2016?

Answers

Answer: =MONTH(F5)

Explanation:

The MONTH function in Excel returns the month, a number from 1 (January) to 12 (December).

It’s syntax is;

“=MONTH(serial_number)”

Where serial number refers to the date in question, which could either be a date itself or a cell reference.

The MONTH function is used to extract the month number from a date.

If cell F5 contains “July 8, 2016”, the formula “=MONTH(F5)” inputed in another cell will give the value “7”.

This is because the month July is the 7th month of the year.

Describing Tasks for Mechanical Engineers
Click this link to view O*NET's Tasks section for Mechanical Engineers. Note that common tasks are listed toward
the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common tasks
Mechanical Engineers perform? Check all that apply.
O assisting drafters in developing the structural design of products
researching and designing mechanical products, equipment, systems, and processes
O observing and recording information about the movement of planets
reading and interpreting blueprints and technical drawings
O examining samples of plants and animals under microscopes
O analyzing the political history of a nation

Describing Tasks for Mechanical EngineersClick this link to view O*NET's Tasks section for Mechanical

Answers

Answer:

A,B,D

Explanation:

Answer:

A. designing, implementing, maintaining, or improving electrical instruments and equipment

C. preparing technical drawings

D. operating computer-assisted engineering or design software

why do you think isd process is a useful model. give reasons for your answer

Answers

Answer:

IDrk...

Explanation:

ISD can be thought of as a roadmap that helps to ensure the learners and their organization achieve their learning and performance goals through formal, nonformal, and informal environments.

A firm has common stock with a market price of $100 per share and an expected dividend of $5.61 per share at the end of the coming year. A new issue of stock is expected to be sold for $98, with $2 per share representing the underpricing necessary in the competitive capital market. Flotation costs are expected to total $1 per share. The dividends paid on the outstanding stock over the past five years are as follows: The cost of this new issue of common stock is ________.

Answers

Answer:

D) 12.8 percent

Explanation:

Calculation to determine what The cost of this new issue of common stock is

Using this formula

Cost of common stock new issue= D1 ÷ P0 + g

Where,

D1 =$5.61

P0=$98

g=[($5.61 - $5.24) ÷ $5.24]=7.06%

Let plug in the formula

Cost of common stock new issue = ($5.61 ÷ $98*100) + 7.06%

Cost of common stock new issue= 5.72% + 7.06%

Cost of common stock new issue= 12.78%

Cost of common stock new issue= 12.8 % (Approximately)

Therefore The cost of this new issue of common stock is 12.8%

What is a personal documentation?
What is the use?
Why is it important?
Thank you :)

Answers

Answer:

Personal documents are first-hand accounts of social events and personal experiences, and they generally include the writer's feelings and attitudes. They include such things as letters, diaries, photo albums, and autobiographies. Personal Documents may sometimes be referred to as Life Documents

Explanation:

Many other aspects of your life will run more smoothly with your documents in order. With well-organized health and prescription records, it is easier to stay on top of any health conditions you may have. The ability to lay hands on your insurance policies in the event of an issue arising will minimize stress too!

Wilma sells her house for $600,000 two months after her husband passed away. They had purchased the house in 1952 for $58,000. Assuming they met the requirement for filing jointly, on what amount will Wilma have to pay income tax?

Answers

Wilma can exclude $500,000 of the gain from the sale of the house from her taxable income if she meets the requirements for married filing jointly.

What is the gain on the sale?

The gain on the sale is $600,000 - $58,000 = $542,000. Since her husband passed away within the last two years, she is eligible for the $500,000 exclusion.

This leaves $542,000 - $500,000 = $42,000 as taxable gain. Wilma will have to pay income tax on $42,000. However, the exact amount of tax she will owe depends on the tax rates and other aspects of her financial situation.


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Which of the following statements regarding public speaking is the most accurate?

1. Language theories (general semantics) tell us that meanings are in words themselves, not in the interpretation of those words.

2. The language spoken by the greatest number of people on the planet is English.

3. Spoken language includes more personal pronouns and more expressive, emotional, colloquial, slang, and nonstandard words.

4. Language is simply something we use; it is not part of who we are or how we think.

Answers

Answer:

it's 1 because the language theories tell us how we are supposed to use the proper form of words in speaking

Amy currently volunteers at her local hospital. She would like to one day
become a doctor. What is the best type of student organization for Amy to
join?
A. One that has a focus on community service
B. One that has a focus on technology careers
c. One that has a focus on health care careers
• D. One that has a focus on building marketing skills

Answers

Option C, which refers to One with a focus on careers in healthcare, is entirely accurate.

What are the benefits of health care?

efforts made, especially by trained and licenced professionals, to maintain or restore one's physical, mental, or emotional well-being. used with a hyphen when being attributed. healthcare professionals.

When provided effectively, health care is generally regarded as a key factor in promoting the overall physical, mental, and social well-being of people around the world and can play a significant role in a nation's economy, development, and industrialization.

The phrase "healthcare process" was defined as "the order of steps we frequently take when giving treatment to patients who belong to various defined groups.

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Reducing laws and rules businesses have to follow is an example of
Question 12 options:

comparative advantage

deregulation

production possibilities

regulation

Answers

Answer:comparative advantage

Explanation:

Deregulation can be defined as a process of reducing laws and rules business have to follow to conduct their regular business activities. Therefore, the option B holds true.

What is the significance of deregulation?

Deregulation can be referred to or considered as a process of lowering the number or amount of regulations that are applicable to be followed by a person governed under such regulations. These regulations are completely binding upon the person who is being governed.

For example, when a government authority reduces the laws and rules needed to be followed by enterprises in its economy, it can be said that the government is following the process of deregulation in its economy. Deregulation may be done to promote the conduct of business activities.

Therefore, the option B holds true and states regarding the significance of the process of deregulation.

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Transactions for the Bridgeport Company, which provides welding services, for the month of June are presented as follows.

June 1 Bridgeport invests $4,180 cash in exchange for shares of common stock in a small welding business.
2 Purchases equipment on account for $1,070.
3 $740 cash is paid to landlord for June rent.
12 Bills P. Leonard $370 after completing welding work done on account.

Required:
Journalize the transactions.

Answers

Answer:

Explanation: see attached

Transactions for the Bridgeport Company, which provides welding services, for the month of June are presented

Question 4 of 10
What business practice is most helped by free trade practices?
O A. Competition
B.
Standardization
C. Preserving economic resources
D. Increasing import revenues
SUBMIT

Answers

A is the answer I think

What types of home products are manufactured in your locality? Write with examples..
please help​

Answers

Explanation:

tell me how I do this question

The kinds of the product apart from food products normally bought by customers for domestic usage could be considered as home products. A further explanation is provided below.

Products such as soap goods, home cleansers, and food packaging things, but not furniture or perhaps even equipment, as well as other similar products, typically not entirely eaten throughout one annum, are much more assurance.The household items using cotton linter encompass healthcare apparel, felt as well as paper of extremely high quality.

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What types of home products are manufactured in your locality? Write with examples..please help

what can prevent dollar general robbery prevention?

Answers

Additionally, the business employs loss prevention personnel who "will advise on security measures, investigate instances of theft, and coordinate with Dollar General management and government agencies to ensure that all loss prevention tactics are appropriate and legal," according to the website of a consumer advocacy group.

What is the company's strategy?

The long history of profitable growth at Dollar General is based on a dedication to a comparatively straightforward business model: meeting a wide range of customers' basic daily and household needs, supplemented with a variety of general merchandise items at consistently low prices in conveniently located, small-box stores.

Customers are visually assured of their protection by security officers, and they act as a deterrent to bank robbers. 3) Using security cameras both inside and outside the bank to catch potential criminals and try to identify them.

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why do you think p2p apps have become so popular?

Answers

P2P payment apps are popular in the U.S. because they make the exchange of money easy. Nearly half (46%) of smartphone owners say they regularly use peer-to-peer payment apps. These apps offer convenience and flexibility when it comes to making payments.

Keyser Mining is considering a project that will require the purchase of $980,000 in new equipment. The equipment will be depreciated straight-line to a zero book value over the 7-year life of the project. The equipment can be scraped at the end of the project for 5 percent of its original cost. Annual sales from this project are estimated at $420,000. Net working capital equal to 20 percent of sales will be required to support the project. All of the net working capital will be recouped. The required return is 16 percent and the tax rate is 35 percent. What is the amount of the after-tax salvage value of the equipment?
A. $17,150
B. $31,850
C. $118,800
D. $237,600
E. $343,000

Answers

The amount of the after-tax salvage value of the equipment is $31,850. Option B

How to  find the amount of the after-tax salvage value of the equipment?

To determine the after-tax salvage value of the equipment, we need to calculate the salvage value at the end of the project and then apply the tax rate.

Therefore, the salvage value is:

Salvage Value = 5% of $980,000

             = 0.05 * $980,000

             = $49,000

The tax rate is given as 35 percent, so we can calculate the after-tax salvage value as:

After-Tax Salvage Value = Salvage Value - Tax on Gain

                       = $49,000 - (Tax Rate * Gain)

                       = $49,000 - (0.35 * $49,000)

                       = $49,000 - $17,150

                       = $31,850

Therefore, the amount of the after-tax salvage value of the equipment is $31,850.

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1. Income Tax Payable

Answers

Answer:

Income Tax Payable is the amount of tax that the company owes, and that it plans to pay within the next year. Income Tax Payable is shown under the current liabilities section of the Balance Sheet.

Tax liabilities that are planned to be paid in more than a year are listed in a separate account under the Long-Term Liabilities section of the Balance Sheet.

Select the correct answer how many justices must agree to an opinion for the Supreme Court to issue a decision

Answers

A majority of the justices, or five out of the nine on a full Court, must agree. The opinion has been written at this point. This is the court's judgment in writing.

What is the significance of the Supreme Court?

In our system of government based on the Constitution, the Supreme Court is incredibly significant.

First and foremost, it acts as the final resort for anyone looking for justice because it is the nation's highest court. Second, it is crucial for ensuring that each arm of government understands the boundaries of its own authority because of its ability to conduct judicial reviews.

Third, it defends civil liberties and rights by overturning unconstitutional legislation. Finally, it establishes reasonable boundaries for democratic government by preventing popular majorities from passing legislation that discriminates against or unfairly benefits unpopular minorities.

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As the wealthiest nation in the world, why do you think so many Americans are struggling with money problems?

Answers

Answer:

It costs a lot to live in America. For places like in Silicon Valley, it is very expensive depending on where you live. There is also high demand for jobs, just because a country is wealthy does not mean there is infinite jobs giving money out by the handfuls. Many do not have jobs, and as a result are struggling with money.

Explanation:

Haver Company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 54,000 units of RX5 follows. Direct materials$4.00 Direct labor 8.00 Overhead 9.00 Total costs per unit$21.00 Direct materials and direct labor are 100% variable. Overhead is 80% fixed. An outside supplier has offered to supply the 54,000 units of RX5 for $19.00 per unit. Required:1. Determine the total incremental cost of making 54,000 units of RX5.2. Determine the total incremental cost of buying 54,000 units of RX5.3. Should the company make or buy RX5

Answers

Answer:

If the company makes the units in-house, it will save $280,800.

Explanation:

First, we need to calculate the incremental cost of making the units. We will take into account only the avoidable overhead costs, fixed costs will remain constant in both options (make or buy).

Direct materials= 4

Direct labor= 8

Avoidable overhead=  9*0.2= 1.8

Total variable cost= $13.8

Incremental cost= 54,000*13.8= $745,200

Now, the total cost of buying:

Buy= 54,000*19= $1,026,000

If the company makes the units in-house, it will save $280,800.

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