In a Particular Labour Market,the Demand for Labour Is Given

question 39

Multiple Choice

In a particular labour market,the demand for labour is given by W = 20 - (1 / 100) L,and the supply of labour is given by W = 4 + (1 / 100) L,where W is the wage rate and L is the number of workers.The equilibrium wage is _____,and the equilibrium number of workers is _____.

• A) $10;1 000
• B) $12;800
• C) $8;1 200
• D) $20;1 000

Understand the impact of Sarbanes-Oxley on the financial reporting and internal controls of companies.

Recognize the principles and objectives of internal control systems.

Conceptualize the management of petty cash funds and the importance of cash management practices.

Comprehend the components and significance of an effective internal control environment.

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Definitions:

Living Together

A situation where two or more people, often in a romantic relationship, share a common residence without being legally married.

Chance of Divorce

A statistical measure that estimates the probability of a marriage ending in divorce based on various demographic, socio-economic, and personal factors.

Divorced Parents

Individuals who have legally dissolved their marriage and are typically involved in co-parenting their children if any.

Likely to Divorce

A term describing couples or marriages that present characteristics or behaviors statistically associated with a higher probability of ending in divorce.