Ask Question
BusinessBusiness
8 September, 17:59

At what wage rate will there be excess labor supplied in the market?

+3
Answers (1)
  1. 8 September, 18:21
    0
    If the wage is free to adjust in response to market forces it will move to We, where the demand for labour equals the supply. When the wage is above We, more labour will be presented for employment than firms in the industry can profitably hire. It will pay workers to lower their wages to obtain employment in the industry.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “At what wage rate will there be excess labor supplied in the market? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The following data are given for Stringer Company: Budgeted production 943 units Actual production 1,038 units Materials: Standard price per ounce $1.
Answers (1)
Which of the following would be covered by a home insurance policy? Wind damage to your roof Damage to another person's car when driving Hospital expenses for surgery Accidental injury to a coworker on the job
Answers (2)
Mary is 16 years old and promises her mother that she will not smoke cigarettes until she is 18, the age under state law for legally purchasing and possessing tobacco. In exchange, her mother gives her $1,000.
Answers (1)
These expenditures were incurred by Carla Vista Co. in purchasing land: cash price $61,440, accrued taxes $4,720, attorney's fees $2,660, real estate broker's commission $3,360, and clearing and grading $4,060.
Answers (1)
Calculated variable cost per unit of $1.40 High level of activity: 2,500 units and $5,300 total cost The low level of activity was 1,000 units. Total cost at the low level of activity equals
Answers (1)
New Questions in Business
6 If you are a driver under 21 with a breath or blood alcohol level of. 05 or higher you will be required to:
Answers (1)
Why do you think companies felt that unions were "conspiracies that interfere with property rights"?
Answers (1)
When Ernesto needed to learn what his employees really think about his company's new pension plan, he approached Vonnie, a long-time secretary in the legal department with contacts throughout the organization.
Answers (1)
2. How interest rate changes affect present and future value Suppose you deposit $300 today into a bank account with a variable interest rate and will receive a payment in one year.
Answers (1)
The definition of manager has three components. Which one below is not one of them? a. A manager is always responsible for contribution b. Managers always get something done through other people c.
Answers (1)
Home » Business » At what wage rate will there be excess labor supplied in the market?
Sign Up Forgot Password?