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Darya [45]
2 years ago
14

What is an exampl of a price floor

Business
1 answer:
algol [13]2 years ago
6 0

\huge\purple{Hi!}

Perhaps the best-known example of a price floor is the minimum wage, which is based on the normative view that someone working full time ought to be able to afford a basic standard of living

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Bob and Cindy are the same age. At age 25 Cindy began saving $2,000 a year while Bob saved nothing. At age 50, Bob realized that
antiseptic1488 [7]

Answer:

Both will save the equal amount of money at the age of 75 years

Explanation:

Given:

Amount saved by Cindy per year = $2,000

Amount saved by Bob each year = $4,000

Now,

Cindy started saving at the age of 25 and till the age of 75

thus,

The total number of years for which Cindy saved = 75 - 25 = 50 years

Therefore,

The total amount saved by the Cindy

= Amount saved each year × Total number of years

= $2,000 × 50

= $100,000

and,

Bob  started saving at the age of 50 and till the age of 75

thus,

The total number of years for which Bob saved = 75 - 50 = 25 years

Therefore,

The total amount saved by the Bob

= Amount saved each year × Total number of years

= $4,000 × 25

= $100,000

Hence, Both will save the equal amount of money at the age of 75 years

3 0
3 years ago
When a GEM Manufacturing experienced a slowdown in sales, it laid off the two employees with the poorest attendance. One of the
AveGali [126]

Answer:

the layoffs were instances of employment at will

Explanation:

GEM Manufacturing's defense would most likely be that the layoffs were instances of employment at will.

Employment at will is a situation where a worker may be dismissed by an employer for any reason that may not be illegal and at anytime.

The Employers, in this question for example, terminated the relationship because of slowdown in sales. And this action affected the two employees with poorest attendance.

7 0
3 years ago
Discuss the organizational structure currently used by San’s Consulting and would you recommend the continuous use of this struc
zmey [24]

Answer:

申し訳ありませんが、私はできないので助けられません:-(

Explanation:

6 0
4 years ago
What is the process of a decline in interest rates impacts the use of capital and economic growth.
Contact [7]

Answer:

Changes in interest rates can have both positive and negative effects on the markets. Central banks often change their target interest rates in response to economic activity: raising rates when the economy is overly strong, and lowering rates when the economy is sluggish. In economics, capital references non-financial assets used in the production of ... used up immediately in the process of production, unlike intermediate goods ... As a term, it is used to define balanced growth where the goal is to improve human capital ... The interest rate directly impacts economic choices.

Explanation:

Hope this helps!!

7 0
3 years ago
Which of the following actions would be an acceptable response by the Federal Reserve to an economic downturn?
Mamont248 [21]

Answer:

Raise the discount rate

Explanation:

might be the answer

4 0
2 years ago
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