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Author Question: Suppose at the going wage rate of 20 per hour, firms can hire as many hours of janitorial services ... (Read 34 times)

james9437

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Suppose at the going wage rate of 20 per hour, firms can hire as many hours of janitorial services as they desire. If any firm tries to lower the wage rate to 19, it will not be able to hire any janitor.
 
  What does this indicate about the supply curve for janitorial services?
  A) Supply is relatively inelastic. B) Supply is perfectly elastic.
  C) Supply is unit-elastic. D) Supply is perfectly inelastic.

Question 2

If a corporation goes bankrupt, bondholders have ________ on the firm's assets.
 
  A) second claim, after stockholders, B) no claim
  C) first claim D) third claim, after the IRS and stockholders,


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scrocafella

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james9437

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


atrochim

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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