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REY [17]
2 years ago
14

Supporters of a minimum wage argue that it can increase wage rates without causing significant unemployment in which type of lab

or market?
Business
1 answer:
dem82 [27]2 years ago
5 0

Supporters protest that the wage rates can be increased without causing any significant unemployment are usually referring to the low pay labor market.

<h3>What is a wage? </h3>

A wage is the money compensation for the services obtained by a labor, this wage is based on rates these rates can be hourly, per piece or per day.

In such a market even if wage rates are increased the unemployment is not  significant and is in fact beneficial for the labor working on a low wage.

#SPJ12

Learn more about labor at brainly.com/question/27835210

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Information collected from online databases is an example of ________ data. A) observationalB) experimentalC) primaryD) secondar
ikadub [295]

Answer:

The correct answer is letter "D": secondary.

Explanation:

Secondary data is the information gathered by other individuals or organizations and is used as a reference in studies or researches. This type of data is typically easy and cheap to obtain because does not imply establishing a team to collect the information needed and can be found in accessible places such as libraries or even on the internet.

8 0
3 years ago
Confirm your calculations in Requirement 3 above by increasing the unit sales in your worksheet by 20% so that the Data area loo
PtichkaEL [24]

Answer:

a. $700,000

b. 40% increase

Explanation:

As per the data given in the question,

a)  

Increase in sales = 20%

So last  unit sale

= Unit sales ÷ increased unit sales percentage

= 60,000 ÷ 1.2

= 50,000

Previous year operating income  is

= Last unit sales × (Selling price per unit - variable cost per unit) - Fixed expenses

= 50,000 × ($50-$30) - $500,000

= $500,000

Current Net operating income  is

= Current units sales × (Selling price per unit - variable cost per unit) - Fixed expenses

= 60,000 × ($50-$30) - $500,000

= $700,000

b)

Percentage increase in net operating income is

= (Current Net operating income - Previous year operating income) ÷ Previous year operating income

= ($700,000 - $500,000) ÷ $500,000

= 40% increase

The net operating income is the income which is come after deducting all the variable cost, fixed cost from the sales revenue i.e earned by the company

4 0
3 years ago
Firms are organizations that A) take advantage of the public. B) transform resources into products. C) transform outputs into in
loris [4]

Answer:

B

Explanation:

A firm is an organisation that is created to make profit. They transform resources into products

They include :

  • corporations
  • limited liabilities
  • partnerships
7 0
2 years ago
GDP is the market value of: A. Resources (land, labor, capita, and entrepreneurship) in an economy in a given year B. All final
frutty [35]

Answer:

B) All final goods and services produced in an economy in a given year

Explanation:

That's the definition of GDP, gross domestic product. By virtue of the name, it's the total product (output) of a given economy. It's measured through the values of all final goods and services, so as to not count the same good or service twice.

3 0
3 years ago
True or False: The consequences of price ceilings are random, as the effects cannot be explained by the dynamics of the free mar
alexandr402 [8]
True because in Shanghai the equilibrium of the bees is much harder than the volume of the wasp in Kosovo
4 0
3 years ago
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