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What happens to the quantity of labor demanded when there is a rise in the real wage rate?
Wiki User
∙ 9y ago
When real wages increase then the demand for labor slows. Employers must maintain their budgets, so they will not employ more people than their budgets can stand.
Wiki User
∙ 9y ago
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Show what Diagrams to illustrate and explain the impact on the equilibrium wage rate and quantity of labor supplied in the labor markert more workers enter the labor marker?
Show what Diagrams to illustrate and explain the impact on the equilibrium wage rate and quantity of labour supplied in the labour markert more workers enter the labour marker?
What is the elasticity of labor?
The rate at which any change in labor effects demand of labor or supply.
If the growth rate of labor force is 1.5 percent and the growth rate of labor productivity 1.25 percent then the potential growth rate is?
The formula is : Potential Growth rate = Annual Growth rate of labor force - Annual decline in the work weeks + Growth rate of labor productivity. So u need to have the annual decline in the work weeks to find the potential Growth Regards, Muntaha
Why does the demand curve slope downward in a foreign exchange market?
When foreign exchange rate decreases, the product of that particular country becomes cheaper as its currency depreciates. Therefore, the quantity demanded of that currency will increase as consumers from other nations wish to take advantage of the depreciating currency.
If the price level rises and the money wage rate rises by the same percentage what happens to the quantity of real GDP supplied?
When the price level and the money wage rate change by the same percentage, the real wage rate remains constant at its full employment equilibrium level so employment remains constant and real GDP remains constant at "potential GDP" which is the quantity of real GDP at full employment.
How do unions affect the natural rate of unemployment?
Unions may affect the natural rate of unemployment via the effect on insiders and outsiders. Because unions raise the wage above the equilibrium level, the quantity of labor demanded declines while the quantity supplied of labor rises, so there is unemployment.
Causes material quantity variance?
causes of labor rate variances
Show what Diagrams to illustrate and explain the impact on the equilibrium wage rate and quantity of labor supplied in the labor markert more workers enter the labor marker?
Show what Diagrams to illustrate and explain the impact on the equilibrium wage rate and quantity of labour supplied in the labour markert more workers enter the labour marker?
What are facts about rate?
A rate is either a noun that is a measurement or quantity. Traditionally it is something that is measure against a contrary quantity for example; the rate of graduates would be the quantity of non-grads verses the quantity of grads.
What is a rate that's in which the second quantity in the comparison is one unit?
It is a unit rate.A unit rate.
Definition: The ___ rate of a changing quantity is the amount it changes per single increment of time (or other quantity).?
unit rate
A rate in which the second quantity is one unit?
Unit Rate
Rate for one unit of a given quantity?
it is a unit rate
What is a rate that compares a quantity to one unit?
Unit rate
What is the definition of unit rate?
The Unit Rate Is The Quantity Of ONE Thing
What is direct labor hour rate?
Direct labor hour rate is the per hour wage rate paid to skilled or unskilled labor to make one unit of product.
FOrmula to calculate gcv of coal?
Weighted average of oil consumed:(rate of oil A * quantity of oil A) + (rate of oil B * quantity of oil B)Quantity of oil (A+B)GCV of oil consumed:(GCV * quantity of oil A) + (GCV * quantity of oil B)Quantity of oil (A+B)
