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Author Question: Discuss the correct and incorrect economic analysis in the following statement. The United Auto ... (Read 17 times)

jace

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on: Jun 29, 2018
Discuss the correct and incorrect economic analysis in the following statement.
 
  The United Auto Workers Union has successfully negotiated a 9 percent increase in wages for its workers.
 
  This increase in the wage rate causes an increase in demand for automobiles, since many consumers now have greater incomes, and also a decrease in the supply of automobiles because the cost of production has increased. These effects cancel each other out resulting in no change in equilibrium price and quantity in the automobile market.

Question 2

Which of the following are examples of explicit costs a firm might incur?
 
  A) rent paid to the landlord B) wages earned by delivery drivers
  C) taxes owed to the IRS D) All of the above are examples of explicit costs.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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sailorcrescent

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jace

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

31809pancho

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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