Business, 30.11.2019 05:31 daijafoster0
For example, the sticky-wage theory asserts that output prices adjust more quickly to changes in the price level than wages, in part because of long-term wage contracts. suppose a firm signs a contract agreeing to pay its workers $15 per hour for the next year, based on an expected price level of 100. if the actual price level turns out to be 110, the firm's output prices will , and the wages the firm pays its workers will remain fixed at the contracted level. the firm will respond to the unexpected increase in the price level by the quantity of output it supplies. if many firms face similarly rigid wage contracts, the unexpected increase in the price level causes the quantity of output supplied to correct the natural level of output in the short run.
Answers: 1
Business, 21.06.2019 16:10
Braverman company has two manufacturing departments—finishing and fabrication. the predetermined overhead rates in finishing and fabrication are $18.00 per direct labor-hour and 110% of direct materials cost, respectively. the company’s direct labor wage rate is $16.00 per hour. the following information pertains to job 700: finishing fabrication direct materials $ 410 $ 60 direct labor $ 128 $ 48 required: 1. what is the total manufacturing cost assigned to job 700? 2. if job 700 consists of 15 units, what is the unit product cost for this job?
Answers: 1
Business, 22.06.2019 12:40
Which of the following tasks would be a line cook's main responsibility? oa. frying french fries ob. chopping onions oc. taking inventory of stocked dry goods od. paying invoices
Answers: 2
Business, 22.06.2019 22:20
What type of negotiating strategy requires the supplier to open its books to the purchasers? a. competitive biddingb. cost-based price modelc. price-based modeld. market-based price modele. transparent negotiations
Answers: 1
Business, 23.06.2019 01:00
While on vacation in las vegas jennifer, who is from utah, wins a progressive jackpot playing cards worth $15,875 at the casino royale. what implication does she encounter when she goes to collect her prize?
Answers: 3
For example, the sticky-wage theory asserts that output prices adjust more quickly to changes in the...
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