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Andrei [34K]
3 years ago
8

Suppose that the equilibrium wage for teachers in Minnesota is $15/hour. Also suppose that the state of Minnesota raises their m

inimum wage to $10/hour. Since the equilibrium wage for teachers is ____________ the new minimum wage, we would expect the number of teachers employed to _____________________ and the equilibrium wage for teachers to ______________________.
Business
2 answers:
oee [108]3 years ago
6 0

Answer:

<u>higher than; remain unchanged; remain unchanged</u>

Explanation:

The equilibrium wage of $15/hour for teachers is higher than the new $10/hour minimum wage. After this development we would expect the  the number of teachers employed to remain unchanged, <em>unless</em> the marginal revenue product of hiring teachers is greater than the wage rate of $15 (ie the individual teacher revenue output is greater than their individual wage)

The equilibrium wage remains unchanged, <em>unless</em> there becomes an increase in the supply of teachers.

frozen [14]3 years ago
3 0

Answer:

higher than; stay the same; stay the same

Explanation:

Since the equilibrium wage for teachers is higher than the new minimum wage, we would expect both number of teachers employed and the equilibrium wage of teachers to remain thesame. The new minimum wage is nonbinding, thus it doesn't affect the the equilibrium wage of teachers, hence why it remains the same. Also, since the minimum wage of teachers is higher, the number of employed teachers is expected to remain the same.

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Andrew Flint is the CEO of a small, publicly held company based in Idaho Falls, Idaho. Flint earned $76,000 last year as CEO. In
Natasha2012 [34]

Answer:

D, Flint can simply write ot the SEC to voice his concerns.

Explanation:

Since Flint does not have a case that warrants a court challenge but rather an observation, Flint can simply write to the SEC to intimate them about his observations and/or findings, as well as let the SEC know the position of his company on the rule being proposed by it.

Cheers.

6 0
3 years ago
Answer the following statement true (T) or false (F):
grin007 [14]

Answer:

TRUE

Explanation:

As Cherry Doux Bakery reaches an agreement with Candy Call to use Candy Call's original dark chocolate in its popular chocolate cookies and sell them in its stores. The two companies are using a strategy known as co-branding. Co-branding is a marketing technique where two brands pool their resources and share advertisement, technology, risks and sell their products/services together which is quite helpful for the both brands. For example, when Dell use intel processors and advertise it in its ads, it is a perfect example of co-branding. Co-branding is help and effective for both of the organization. One company can leverage its products and this sales with the help of another company. In this strategy, strategic alliance between both brands can get stronger hold in the market with more and enhanced brand awareness as well.

3 0
3 years ago
A company received a bank statement with a balance of $ 6 comma 300. Reconciling items included a bookkeeper error of $ 400long
larisa [96]

Answer:

Bank adjusted balance 5,720

Explanation:

6,300

-840 outstanding check

+260 deposit in ransit

5,720 bank adjustment balance

<em><u>Notes:</u></em>

  • the bookkepper error needs to be done on books cash account
  • the service charge are included in the bank statemnt, is at adjustment to the book cash
  • the interest revenue is also 22 an adjustment for the book cash account
6 0
3 years ago
Explain what unearned revenues are by selecting the statements below which are correct. (Check all that apply.) Multiple select
olga nikolaevna [1]

Answer:

They are reported on a balance sheet.

They refer to cash received in advance of performing a service or product. They are a liability.

They are also called deferred revenues.

Explanation:

Unearned revenue is a term in which the transactions that are related to the receiving of money could be considered for the service or product to be provided or delivered. It is as a prepayment

Also it is a liability account that should be recorded at the balance sheet. It is also known as deferred revenues

8 0
3 years ago
A single marketing mix consists of one type of product with little or no variation, one price, one promotional program aimed at
adelina 88 [10]

Answer:

The correct word is one.

Explanation:

It is called marketing mix (also called commercial mix, etc.) to the tools or variables available to the marketing manager to meet the company's objectives. They are the marketing strategies, or marketing effort and should be included in the marketing plan (operational plan). The company uses this strategy when it seeks to monopolize more customers.

4 0
3 years ago
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