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dalvyx [7]
2 years ago
10

A minimum wage that is set below a market's equilibrium wage will result in

Business
1 answer:
STatiana [176]2 years ago
3 0

Usually, a minimum wage that is set below a market's equilibrium wage will result in an excess demand for labor, which  is, a shortage of workers.

<h3>What is a market's equilibrium wage?</h3>

The equilibrium market wage refers to an intersection of the supply and demand for labor wage.

The minimum wage means the ceiling wage that must be paid to the labor.

Hence, when a minimum wage is set below a market's equilibrium wage, it will result in an excess demand for labor, which  is, a shortage of workers.

Therefore, the Option B is correct

Read more about equilibrium wage

<em>brainly.com/question/6105258</em>

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Zeke Company sells 25,000 units at $21 per unit. Variable costs are $10 per unit, and fixed costs are $75,000. The contribution
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Answer:

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The contribution margin ratio is a measure of how much of a business revenue is available for covering its variable expenses. It also reveals how much is left to cover its fixed cost. The contribution margin is the unit income generated from each product sold. To calculate contribution margin ratio we divide contribution margin by sales. i.e

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