Answer: There will be an effect as there might be labor shortage.
Explanation: Minimum wage is the least renumeration pay that can legally be paid by employers to their workers. It is a price floor method below which employees can't sell their labor. When a minimum wage is imposed by the government, firms are not allowed to pay less than the wage rate mandated by the government.
If the minimum wage is set below the equilibrium wage rate, quantity of labor reduces in comparison to the quantity demanded by employers. If the least paid person is paid $16 per hour and the government imposes a minimum wage of $10, There will be a shortage of labor because most people won't like to work as a result of the lower income. It also leads to lack of motivation among workers.
Answer:
They keep money safe and stable. However, Investing in the stock market is also another option, with the opportunity to make large gains with you money, with more risk of course.
Explanation:
Answer:
rise by $40 billion
Explanation:
Calculation to determine what the investment will be
Investment=$100 billion*(100%-60%)
=$100 billion*40%
=$40 billion
Therefore the investment will rise by $40 billion
Answer: 0.48 minutes
Explanation:
Takt time = Net time available / Daily demand
Net time available is number of minutes in a shift so:
= 8 hours * 60 minutes
= 480 minutes
Daily demand = 1,000 units
Takt time = 480 / 1,000
= 0.48 minutes
The yield to maturity (YTM) on a simple loan is 31.9%
<h3>What is the
yield to maturity?</h3>
The yield to maturity represents an overall total of all outstanding loan repayments. The yield to maturity of the security varies based on the bond's valuation and the number of remaining balances.
simple loan for $2,000
repayment of $8,000
time period 5 years
The formula for yield to maturity is
Yield to Maturity = [Annual Interest + {(FV-Price)/Maturity}] / [(FV+Price)/2]
$2,000 = $8,000/(1+i)⁵
(1+i)⁵ = $8,000/$2,000
(1+i) = 41/5
i = 1.319-1
= 31.9
31.9% is the YTM
The yield to maturity (YTM) on a simple loan is 31.9%
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