Illustrates the important leading indices
Illustrates the important leading indices?
Expert
Certain significant Leading Indices are as follows:
• For durable goods there are new orders;
• Building contracts;
• New incorporations;
• Entire sale prices of fundamental commodities,
New order placed along with manufactures and building contractors have early reflection of the coming demand for raw materials, products and labour loans as well as capital.
An increase in the competitively-set wage tends to cause: (w) firms to reduce the amounts of labor hired. (x) increases in the marginal revenue products of the workers a firm retains. (y) higher marginal factor costs of labor to competitive firms. (z)
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A labor market operates inefficiently when labor is hired only up to a point where, that the last worker: (1) VMP = w. (2) VMP minus MRC exceeds zero and is maximized. (3) P x MPPL = w. (4) added total revenue equals added total cost. Q : Explain about leading indices Explain Explain about leading indices.
Explain about leading indices.
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