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By supply and demand, in a totally unfettered economy. Many nations have a legislated minimum wage.
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Because labor can be bought and sold in market like any other commodity the price of labor is partly determined by which of the following?
The quality of the labor and the supply. Skilled labor is worth more than unskilled. If there is a shortage of workers (labor) the price paid goes up.
What is the difference between price ceiling and price floor?
price ceiling: A legally determined maximum price that sellers may charge.price floor: A legally determined minimum price that sellers may receive.
How is price determined?
Cost of the item + Desired Profit = price.
What determines the price and quanty of goods?
The price of a good is determined by all the factors that contribute to making the product. These factors include: labor, materials, and manufacturing overhead. The demand curve is the amount consumers are willing to pay at every given price. The quantity of goods demanded depends on the price of the product. If the price is $1, the quantity demanded will be a lot more than if the price was $100.
What is the Consumer Price Index CPI?
an index determined by measuring the price of standard goods bought by urban consumers
Labor can be bought and sold in the in a market like any other commodity the price of labor is partly determined by what?
The quality of the labor and the supply. Skilled labor is worth more than unskilled. If there is a shortage of workers (labor) the price paid goes up.
Because labor can be bought and sold in market like any other commodity the price of labor is partly determined by which of the following?
The quality of the labor and the supply. Skilled labor is worth more than unskilled. If there is a shortage of workers (labor) the price paid goes up.
How is an exchange price determined?
An exchange price is determined by the amount sold, and the amount bought.
How is labor diagnosed?
The onset of labor can be determined by measuring how much the cervix has dilated.
When are price and yield of government thirty-year bonds determined?
Price and yield are determined at auction.
How can price be determined in a free market economy?
In a perfect free-market economy, price is determined by supply and demand.
What is the difference between price ceiling and price floor?
price ceiling: A legally determined maximum price that sellers may charge.price floor: A legally determined minimum price that sellers may receive.
How is price determined?
Cost of the item + Desired Profit = price.
What determines the price and quanty of goods?
The price of a good is determined by all the factors that contribute to making the product. These factors include: labor, materials, and manufacturing overhead. The demand curve is the amount consumers are willing to pay at every given price. The quantity of goods demanded depends on the price of the product. If the price is $1, the quantity demanded will be a lot more than if the price was $100.
How gold price determined in India?
gold prices are determined on the basis of stock market.
How to calculate polybag price?
The polybag price is usually determined by the quality and the size.
What is the Consumer Price Index CPI?
an index determined by measuring the price of standard goods bought by urban consumers
