Draw a market labor supply curve and a market labor demand curve. label them ls0 and ld0. draw a point at the market equilibrium. label it 1. now suppose a severe drought decreases labor productivity. draw a curve that shows the effect of this decrease in labor productivity. label it. draw a point at the new market equilibrium. label it 2.

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

The questions of economics address which of the following ? check all that apply

Need today! will get brainliest for right answer! compare and contrast absolute advantage and comparative advantage.