Suppose a hypothetical economy has only two industries and labor is the only input for both industries. workers are indifferent about which industry they work in and all workers are identical and able to move freely across the two industries. suppose that the outbreak of war leads to an increase in demand for the defense industry. a. adjust the labor market for defense graph to reflect the increase in demand. b. adjust the agriculture labor market graph and the defense labor market graph to find the new equilibrium wage. c. what is the new equilibrium wage (s/hour)?

Maria am corporation uses the weighted-average method in its process costing system. the baking department is one of the processing departments in its strudel manufacturing facility. in june in the baking department, the cost of beginning work in process inventory was $4,880, the cost of ending work in process inventory was $1,150, and the cost added to production was $25,200. required: prepare a cost reconciliation report for the baking department for june.

Read the following paragraph, and choose the best revision for one of its sentences.dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided