Consider the labor market for heath care workers. Because of the aging population in the United States, the output price for health care services has increased. Holding all else equal, in the labor market for health care employees the equilibrium wage_____________.a. increases, and the equilibrium quantity of labor decreases.
b. decreases, and the equilibrium quantity of labor decreases.
c. decreases, and the equilibrium quantity of labor increases.
d. increases, and the equilibrium quantity of labor increases.

Answers

Answer 1

Answer:

Answer:

The answer is option A) Holding all else equal, in the labor market for health care employees the equilibrium wage increases, and the equilibrium quantity of labor decreases.

Explanation:

The increase in the number of citizens that need medical care in the united states as a result of the aging population is directly proportional to the supply of health workers.

Now that there is an increased demand for health care employees which implies more responsibility, their wage will increase.

The aging population also consists retired health workers thereby causing a corresponding decline in the equilibrium quantity of health care employees in the united states.

Related Questions

President J. Reuben Clark Jr. once warned that "Once in debt, ________ is your companion every minute of the day and night, you cannot shun it or slip away from it . . . and whenever you get in its way or cross its course or fail to meet its demands, it crushes you."Interest T/F
Historically, stocks have delivered a ________ return on average compared to Treasury bills but have experienced ________ fluctuations in values.
What takes place during pre-planning
Why accountants important?
Which items are on both the balance sheet and the statement of owners equity?A.) net loss B.) capital C.) additional owners investments D.) owners withdrawals

Which command staff member serves as the incident commands point of contact.

Answers

Answer:

Liaison Officer

Explanation:

Which of the following is used by a seller to deceive a buyer?a. bait and switch
b. contest
c. display
d. introductory offer

Answers

Seller deceive a buyer by using A. BAIT AND SWITCH.

Seller lures the buyer into buying a product, bait. Seller presents all benefits of the products using the bait product. When the buyer decides to buy the product, the seller will then switch the bait product into another product that may be of lower value than the bait product.

In the event that the buyer will complain to the seller regarding the product bought, seller will defend him or herself by insisting that the product given was the product tested by the buyer.

The answer is A. bait and switch

Kiddy Toys produced beautifully made stuffed animals that many customers wanted. However, the product was so expensive that most potential customers could not afford it. Which of the following applies to this scenario?Multiple Choicea. high efficiency and high effectiveness
b. high efficiency and low effectiveness
c. low efficiency and high effectiveness
d. low efficiency and low effectiveness

Answers

Answer:

The answer is: C) Low efficiency and high effectiveness.

Explanation:

The company Kiddy Toys made a great product (High effectivness) but they couldn´t produce it a reasonable cost, so it was very expensive to sell (Low efficiency). As a result they had a great toy that very few customers could afford to buy.

Sometimes a company is able to manufacture a great product, they had a terrific idea that lots of people will like and want. The problem is that if they can not manufacture that product at a low cost then they will never have high sales volumes. This is the very exact reason why most toys nowadays are created in the US but mass produced in China.

Assume that two investment opportunities have identical expected values of $100,000.Investment A has a variance of 25,000, while investment B’s variance is 10,000. Wewould expect most investors (who dislike risk) to prefer investment opportunity:_____.a. investment opportunity because it has less risk.
b. investment opportunity because it provides higher potential earnings.
c. investment opportunity B because it has less risk.
d. investment opportunity B because of its higher potential earnings.

Answers

Answer:

c. investment opportunity B because it has less risk.

Explanation:

Data provided in the question

Identical expected values = $100,000

Variance of investment A = 25,000

Variance of investment B = 10,000

By considering the above information

As we can see that the variance of investment A is 25,000 and the variance of investment B is 10,000 which is less as compared to investment A

So in this case the investment B has less risk

You would most likely find __ in a formal workplace

Answers

You would most like find Strick Rules in a formal workplace

I believe that is the answer

Answer: stict rules

Explanation: just took the test

Consider the following information about a business Diane opened last year: price = $15, quantity sold = 25,000; implicit cost = $155,000; explicit cost = $260,000. What was Diane's economic profit? What was Diane’s accounting profit? Show your work!!

Answers

Answer:

Economic profit = $-40,000

Accounting profit = $115,000

Explanation:

Accounting profit is total revenue less total cost or explicit cost.

Accounting profit = Total revenue - Total cost

Total revenue = 25,000 x $15 = $375,000

Total cost = $260,000

Accounting profit = $375,000 - $260,000 = $115,000

Economic profit is accounting profit less implicit cost or opportunity cost

Economic profit = Accounting profit -Implicit cost

= $115,000 - $155,000 = $-40,000

I hope my answer helps you

Answer:

Accounting Profit = $115.000 and Economic Profit= -40.000

Explanation:

Accounting profit is the monetary costs a firm pays out and the revenue a firm receives.

Accounting Profit = Total Revenues - Explicit Costs

Accounting Profit = ($15 x 25000) -$260,000=375.000-$260,000

Accounting Profit = $115.000

Economic profit is the difference between the total revenue received by a business and the total explicit and implicit costs for a firm.

Economic Profit = Accounting Profit - Implicit Cost

Economic Profit= $115.000 -$155,000

Economic Profit= -40.000

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