Yerp

In: Business and Management

Submitted By bball19wc33
Words 1301
Pages 6
Labor market = w/p and L
-suply curve: how many people will want to work at various real wage rates slopes upwards: as the wage rate increases, more and more individuals decide they are better off working than not working... rise in the wage rate increases the number of people in the economy who want to work
-demand curve: how many workers firms will want to hire at various real wage rates downward sloping: as the wage rate increases, each firm in the economy will find to maximize profit it should employ fewer workers than before a rise in the wage rate will decrease the quantity of labor demanded in the economy
-demand curve shifts: the capital stock, the availability of resources, taxes on goods sold
-supply curve shifts: size of the population, tastes for labor and market goods vs. leisure, taxes on consumption (taxes on labor we can represent in the labor market model)
If excess supply of labor: competition among workers would drive the wage down if excess demand of labor: competition among firms would drive wage upward equilibrium total employment = market clears, economy achieves full employment
-level of employment is achieved automatically
-unemployment is viewed as frictional.. frictional unemployment causes actual unemployment to be less than the maximum possible
Loanable funds market= r and S=I
-supply curve: level of household saving at various interest rates, slopes upward (quantity of funds supplied to the financial market depends positively on the interest rate)
-demand curve- businesses’ demand for loanable funds: equal to their planned investment spending, funds obtained are borrowed, firms pay interest on these funds
-demand curve shifts: exogenous variables: technical change or new product that gives some existing products a higher IRR, cheaper raw material prices, change in the cost of capital goods
-supply curve shifts: taxes on…...

Similar Documents

Yerp

...4 MANAGING YOUR CASH AND SAVINGS Cash Management Strategies Starting Point Go to www.wiley.com/college/bajtelsmit to assess your knowledge of cash and savings management. Determine where you need to concentrate your effort. What You’ll Learn in This Chapter ▲ Cash management ▲ Financial institutions ▲ Financial products and services After Studying This Chapter, You’ll Be Able To ▲ Assess your need for cash management products and services ▲ Evaluate the differences among providers of cash management products and services ▲ Choose cash management products and services that are important to your financial plan ▲ Compare cash management account options based on liquidity, safety, costs, and after-tax annual percentage yield ▲ Select appropriate tools for dealing with cash management errors Copyright © 2012 John Wiley & Sons, Inc. 4.1 OBJECTIVES OF CASH MANAGEMENT 169 INTRODUCTION Everyone manages cash. Your very first exposure to personal financial management was probably related to cash management. Perhaps you received a small allowance when you were a child and had to decide how to spend or save the money. Access to cash to meet transaction needs and emergencies is essential to your financial plan. A central part of your cash management strategies involves choosing cash management services, such as checking and savings accounts. This chapter helps you evaluate companies and the cash management services they offer. After you select the options that......

Words: 14828 - Pages: 60

Yerps Chapter 3

...Marketing Information Systems and the Sales Order Process November 24, 2015 Overview of Fitter Snacker Fitter Snacker manufactures and sells two types of nutritious snack bars: NRG-A and NRG-B. The NRG-A bar touts “advanced energy,” and NRG-B boasts “body-building proteins. Fitte’s sales force is organized into two groups: the Wholedale Division and the Direct Sales Division. The wholesale division sells to intermediaries that distribute the bars to small shops, vending machines operators, and health food stores. The direct Sales Division sells directly to large grocery stores, sporting goods stores, and other large chain stores. The two divisions operate separately from one another in effect breaking the Marketing and Sales functional area into two pieces. * The two sales divisions differ in terms of quantities of orders and pricing terms The direct sales division offers customer volume discounts to encourage larger sales orders. The wholesales division charges customers a lower fixed price. * Sells snack bars under the Fitter Snacker brand name * Packages the bars in store-brand wrappers for some chain stores Problems with Fitter Snacker’s Sales Process Many of Fitter Snacker’s sales orders have problems, such as: Incorrect pricing, excessive calls to the customer for information, delays in processing orders, and missed delivery dates. Reasons for problems: FS has separate information systems throughout the company for three functional......

Words: 2081 - Pages: 9

EUR 9,99 | Più cari | Download