In an economy in which the skills, preferences, and motivations of workers vary widely, equality of wage rates would

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Answer 1

Considering the situation described above, the equality of wage rates would be lower.

This is because when there are high differences in the level of skills, preferences, and motivations of workers, some workers with high skills, and skills preference and increased motivation will earn higher wages.

On the other hand, the workers with low skills, less preferred by employers, and have less motivation to work, will undoubtedly earn lower wages.

This situation would lead to the equality of wage rates to be lower, as many people earn higher, while many others make lower.

Hence, in this case, it is concluded that massive disparity in skills, preference, and motivations cause lower equality in wage rates.

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Related Questions

If labor is the only variable input and it costs $15 per hour and if the marginal product of labor is 3 units per hour, the short-run marginal cost of 1 unit of output is approximately $0.20 Answer A: $0.20 A $3.00 Answer B: $3.00 B $5.00 Answer C: $5.00 C $15.00 Answer D: $15.00 D $45.00

Answers

Based on the information given  the short-run marginal cost of 1 unit of output is approximately $5.00.

Using this formula

Marginal cost=Change in cost/Change in quantity

Where:

Change in cost=$15 per hour

Change in quantity=3 units per hour

Let plug in the formula

Marginal cost=$15/3

Marginal cost=$5.00

Inconclusion  the short-run marginal cost of 1 unit of output is approximately $5.00.

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If I have dual citizenship should I say yes on my college applications?

Answers

Answer:

i don't think so 1 citizenship is all it takes

The process of turning over public lands to private entities through sale or lease agreements for cultivation and development is called what

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Answer:

Privatisation is the answer hope it helps you.

Which result is most likely if candy, cola, and other concentrated sweets are permitted in large quantities during the growing years

Answers

Answer:

obesity

Explanation:

An example of a trade off is:
a.going to a movie to see your favorite actor
b.going to a movie because it got good reviews
c.giving up going to a movie because it got bad reviews
d.giving up going to a move to spend time shopping

Answers

giving up going to move to spend time shopping..

Well-defined property rights, low transaction costs, and resources that naturally gravitate toward the highest-valued function describe the theorem.

Answers

The Coase therom.

Explanation:

The well-defined property rights, resources that inevitably drift toward the highest-valued function, and low transaction costs, are all defined by the Coase theorem.

What is the Coase theorem?

The Coase theorem in law and economics describes the economic effectiveness of a financial decision or results in the presence of externalities. According to the theory, regardless of how property is initially distributed, bargaining will result in a Pareto optimal solution if trade in an externality is feasible and transaction costs are sufficiently low.

In reality, Coasean negotiation may be hindered by roadblocks or vaguely defined property rights. Commonly credited to Nobel Prize winner Ronald Coase is this "theorem."

Ronald Coase won the 1991 Nobel Memorial Prize in Economic Sciences for this 1960 study and his 1937 paper on the nature of business.

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A feature of corporate bonds is that they a. have residual claims to assets after common stock. b. represent ownership in a firm. c. pay dividends. d. pay interest until maturity. e. carry voting rights.

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Answer:

D- Pay interest untill maturity

The feature of a corporate bond is represented through option d, that is, it pays interest until maturity.

Corporate bonds are raised by corporations with the intention of acquiring funds for business projects or activities by selling it to investors. These bonds are characterized by their face value and contain maturity as well as interest paying dates.

Therefore, the interest is given to investors semi-annually till the date the bond has been issued or maturity.

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The annual percentage rate (APR) of a loan is different from the interest rate because it:
A. includes charges and fees.
B. includes the rate but not the fees and charges.
C. is calculated from the remaining interest owed.
D. only covers the interest for a year.

Answers

Answer:

i think the answer is b

Explanation:

Answer:

a

Explanation:

A. includes charges and fees.

Which educational institution trains students for a specific job in a skilled trade career?

a
College

b
Internship

c
Technical school

d
University

Answers

Answer:

b

Explanation:

The educational institution trains students for a specific job in a skilled trade career?

The correct answer is Option B. Internship

What is an internship?

An internship is a professional learning experience that provides meaningful and hands-on work related to a student's interests in a field of study or career. Internships give students the opportunity to explore and develop professionally and learn new skills.

An internship is a short-term work experience provided by people (usually, but not always, students) for a company or other organization to enter a particular industry or discipline. It's both a work and a learning experience.

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What factors do you think result in the relationship between neighborhood demographics and the cost of an overdraft fee? Explain your reasoning

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The factors which result in the relationship between neighborhood demographics and cost of an overdraft fee is the number of people living in the location.

Neighborhood demographics refers to the details of people living in a specific states, city or town.

The overdraft fee refers to the service fees that are charged by banks for customers uses of its overdraft service.

The overdraft fee of banks in different location might varies because of the numbers of banks users in the location.

If the bank users in the location are high, the cost of overdraft fee may be set at low price because of the number advantage.

Therefore, the factors which result in the relationship between neighborhood demographics and cost of an overdraft fee is the number of people living in the location.

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If an insurance company underwriters discovers that an applicant for a homeowners policy has been convicted of submitting a fraudulent claim to an insurer in the past, he may reject the application as a a. Morale hazard b. Certainty of loss hazard c. Moral hazard d. Legal hazard

Answers

Answer:

b

Explanation:

On January 1, 2022, Discipline Company, a calendar-year company, issued $800,000 of notes payable, of which $200,000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2022, is

Answers

The proper balance sheet presentation on December 31, 2022, is: Current liabilities, $200,000; Long-term Debt, $600,000.

Based on the information the proper balance sheet presentation on December 31, 2022, will be current liabilities of the amount of $200,000 which is the amount  due on January 1 .

While the Long-term Debt will be$600,000 calculated as:

Long-term Debt=Notes payable- Due amount

Long-term Debt=$800,000-$200,000

Long-term Debt=$600,000

Inconclusion the proper balance sheet presentation on December 31, 2022, is: Current liabilities, $200,000; Long-term Debt, $600,000.

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A U.S. Senator from Michigan is in favor of environmental regulations that forbid industries from disposing chemical wastes in rivers, despite the fact that many companies in Michigan might come under scrutiny for the violation of such regulations. This scenario illustrates the _____ taken by Congress members.

Answers

Answer:

the trustee view of representation

Explanation:

4. For a 10% $1,000 coupon bond, when the market interest rate is greater than 10%, the value of the bond:

Answers

Facts bro that’s so crazy

the difference between total revenue and total expenses when total revenue is greater.

Answers

Answer:

Net loss

Explanation:

A net income occurs when a firm's total revenues (sales) exceed their total costs.

Conversely, a net loss occurs when a firm's total revenues exceed their total costs.

Therefore, the correct answer is net loss.

The difference between total revenue and total expenses when total revenue is greater is referred to as profit or net income. It indicates the financial gain or surplus generated by a business or individual.



To calculate profit, you subtract total expenses from total revenue. If total revenue is greater, then the result will be positive, indicating a profit. Here's a step-by-step breakdown:

1. Total revenue: This refers to the total amount of money earned from sales, services, or any other sources of income. For example, let's say a business has total revenue of $10,000.

2. Total expenses: These are the costs incurred in running the business, including operating expenses, salaries, rent, utilities, and taxes. Let's assume the total expenses for the business amount to $7,000.

3. Profit calculation: To find the difference between total revenue and total expenses, subtract the total expenses from the total revenue. In this case, it would be $10,000 - $7,000 = $3,000.



4. Interpretation: If the result is positive, as in this example, it means the business has made a profit of $3,000. This indicates that the total revenue exceeded the total expenses, resulting in a financial gain.

In summary, the difference between total revenue and total expenses when total revenue is greater is the profit or net income. It is calculated by subtracting total expenses from total revenue and represents the financial surplus generated by a business or individual.

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Ace Electronics bought a new cash register for $2,500. Ace originally planned to use the cash register for 4 years and then sell it for $200. After 4 years, Ace had recorded $2,300 of depreciation. If Ace continues to use the cash register, still planning to sell it eventually for $200, then Ace should record ______.\

Answers

If he continues to use the cash register and plans to sell it eventually for $200, then Ace should record nothing because their is no additional depreciation

Here, the formula to derive total value to be depreciated is Cost - Scrap Value.

Total Value to be depreciated = $2500 - $200

Total Value to be depreciated = $2,300

Therefore, the amount of $2,300 is fully depreciated.

So, the remaining $200 is the scrap value which will be realized from the sale

Hence, there will be no need to charge any further depreciation.

Therefore, If he continues to use the cash register and plans to sell it eventually for $200, then Ace should record nothing because their is no additional depreciation.

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clarisse wants to pick up her new air fryer at target. the air fryer had been out of stock, but customer service assured clarisse that she could pick it up on tuesday after 1 pm. what do target employees use to ensure the air fryer will be in stock at the store and ready for pick up?

Answers

Mobile Task Manager (MTM) is simply known to be well customize application or software. Target employees will make use of mobile task management technology to ensure the airfryer will be in stock at the store and ready for pick up.

The Mobile Task Manager is known to assist or helps engineers and property team members to manage service request and also work order and preventative maintenance tasks on the fly or easy way.

It is said to have new features to improve functionality and its use.

A project management software also as a mobile app helps one to view one's software from your mobile device from anywhere at any time.

The full question is below

Clarisse wants to pick up her new air fryer at target. the air fryer had been out of stock, but customer service assured clarisse that she could pick it up on tuesday after 1 pm. what do target employees use to ensure the air fryer will be in stock at the store and ready for pick up. What do Target employees use to ensure the airfryer will be in stock at the store and ready for pick up?

O product development software

O mobile task management technology O advanced shipping notices fulfillment centers

O routing systems

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some warehouse retail chains serve as both retailers who sell to consumers and ______ who sell to other businesses.

Answers

Warehouse retail chains sometimes serve as both retailers and wholesalers

who sell to other businesses.

Wholesaler belongs to the chain of distribution which collects the goods

from the producer. It acts as the intermediary between the producer and

retailers. The wholesalers usually buy in bulk/large quantities and distribute

to the retailers.

The retailers collect the goods from the wholesalers and sell to the

consumers and acts as the intermediary between the wholesaler and

consumers.

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Which factor of production is a wrench:
a.Human capital
b.land
c.labor
d. Physical capital

Answers

Answer:

C?

Explanation:

Answer:

I think C.

Explanation:I think C because of the labor.

A successful __________ innovation will be less risky but less profitable than a successful __________ innovation.

Answers

incremental, radical

When a customer exits the queue, there are two possible outcomes. One is a chance that the customer may return to the source population to be served again. What is the other

Answers

Answer:

there is a low chance of reservice

Explanation:

Describe the fruit storage process? OBTE​

Answers

[tex] \: \: \: \: \: \: [/tex]

cold storage, using refrigerated air. Other techniques include controlled-atmosphere (CA) storage and hypobaric storage.

hope it helps

[tex] \: \: \: \: \: \: [/tex]

Tyson is researching the benefits of solar energy. Which is the most credible source on his list? a blog about whether solar energy is more effective than other forms of energy a university’s website that provides information about a recent solar energy study a company’s website that sells solar energy panels to the general public a blog that provides information about ways solar panels can help people cut energy costs.

Answers

The most credible source on Tyson's list of his research into the benefits of solar energy is a university website that provides information on a recent study of solar energy.

When conducting a research, it is essential to research reliable sources, as there is a lot of information available on the internet that is often not complete or true.

A recent study of solar energy available on a university website is therefore the most trusted source on Tyson's list, as academic studies are based on scientific methods to substantiate a topic.

Therefore, through the scientific methodology there is the reliability of the study having been carried out through rigorous procedures, research and evidence to support what is being proposed by the theme.

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B: a university's website that provides information about a recent solar energy study

A company has multiple CAs and intermediate CAs issuing digital certificates in different departments, with no one cross-checking their work. Which PKI trust model should the company use

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According to the PKI trust implementation model, a company with multiple CAs and intermediate CAs issuing digital certificates in different departments, with no one cross-checking their work, will need to use Hierarchical Trust Model.

This is because the Hierarchical Trust Model allows a root CA at the top, giving the information and the intermediate CAs.

The intermediate CAs in the hierarchical trust model generally trust the information given by the root.

Thus, without cross-checking their work, the company can afford to use the hierarchical trust model because it is true proof.

Hence, in this case, it is concluded that the correct answer is the Hierarchical Trust Model.

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_____ occur when the average unit cost of a good or service begins to increase as the capacity and/or volume of throughput increases.

Answers

The Economies of scale occur when the average unit cost of a good or service begins to increase as the capacity and/or volume of throughput increases.

Hope It's Help

How has BBC’s Children in Need performed against each of the measures of success

Answers

Answer:

How has BBC’s Children in Need performed against each of the measures of success

which best describes how raytheon creates value for its customers?

Answers

Raytheon was known to create a customized solutions by connecting with customers directly and understanding their unique needs. The best description of how Raytheon creates value for its customers is that Raytheon offers bespoke solutions for their needs

Value creation for customers entails giving them good and essential products and services that the customers will find worthy of their time, energy and money.

A customers find value in .product or service that benefits their need rather than its cost.

To add value to customers, one must:

Offer discounts.

.Gratitude and gifts for cooperation.

Free trials etc.

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what is the key difference between primary productivity and net primary productivity?

Answers

Answer:

What is the key difference between primary productivity and net primary productivity? Net primary productivity represents just the energy used to build biomass. Net primary productivity is a small fraction (often ~10%) of primary productivity.

Explanation:

Answer:

What is the key difference between primary productivity and net primary productivity? Net primary productivity represents just the energy used to build biomass. Net primary productivity is a small fraction (often ~10%) of primary productivity.

Explanation:

Apprenticeships are a form of job training in which a sponsor, such as an employer, pays
a trainee to learn and work in a particular occupation. Some jobs in the military include
apprenticeship training, but others involve different types of hands-on learning.

True or False

Answers

Answer:

Oh man, I pooped my pants again

Right in front of my family and my friends

It's not that I have a problem with controlling

It's just that we were here in this alley bowling

True


Explanation : An apprenticeship program trains you to become skilled in a trade or profession. Apprenticeship training typically combines classroom learning with hands-on work. Community colleges, technical training schools, and even employers provide these job-related educational courses.

Decreased interest rates will shift the aggregate demand curve to the _____ and _____ output demanded.

Answers

The aggregate demand curve often shifts to the components of aggregate demand. The Decreased interest rates will shift the aggregate demand curve to the right and increased output demanded.

The component that is often shifted are consumption spending, investment spending.

In expansionary monetary policy the central bank often makes the supply of money and loanable funds to increase, this in turn will lowers the interest rate, promoting additional borrowing for investment and consumption, and there shifting aggregate demand right.

The rate of government spending, and often rise.

An aggregate demand curve is known to show the total spending on domestic goods and services at each price level.

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Based on the macroeconomic model, the decreased interest rates will shift the aggregate demand curve to the right and increase the demand.

This implies that when the interest rate is reduced, people tend to borrow more, including investors and consumers.

As a result, the aggregate demand will increase, which means it has shifted to the right. At the same time, the output demanded would increase as more investors have access to capital to create more products.

Hence, in this case, it is concluded that the increase in aggregate demands leads to an increase in output demanded.

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