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2 years ago

What condition exists in this city's labor market at the present minimum wage of $9 per hour?

1 answer:

Pie2 years ago

5 0

The labor market is oversupplied. Surplus is defined as something that is more than you require. Items you don't need or use are an example of surplus goods. Money that is still available after all of your bills have been paid is an example of surplus cash.

The amount of an asset or resource that is over its utilized share is referred to as surplus. Simply divide the amount the consumer was willing to pay by the actual price they paid will yield the consumer surplus. For small firms to develop and expand, the economy must be in the surplus.

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increases in government spending are not very effective in offsetting real shocks because they shift the:

yulyashka [42]

Increases in government spending are not very effective in offsetting real shocks because they shift the aggregate demand.

<h2>Definition of Aggregate Demand</h2>

Aggregate demand is the value of all requests for all types of goods and services produced in a certain period. The demand value contained in this aggregate will be expressed in terms of the overall value used for these goods and services up to a more specific price level and at a certain time period.

Some things that include aggregate demand are all consumer goods, capital goods used for the production process, import-export activities, and state government spending programs. Each of these variables will be considered the same as long as they are traded at the same market value.

This aggregate demand can also be calculated over a long period of time, which is often referred to as GDP or Gross Domestic demand. If this GDP will describe the total value and also the goods produced, then aggregate demand will represent the desire for goods and services.

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5 0

1 year ago

Which of the following is the reason behind the slow growth in U.S. incomes during the 1970s and 1980s? The United States experi

ahrayia [7]

Answer: The correct answer is "There was a slowdown in productivity growth.".

Explanation: The reason behind the slow growth in U.S. incomes during the 1970s and 1980s is that <u>there was a slowdown in productivity growth.</u>

In the decade between 1970 and 1980 the United States went through various economic problems that caused a slowdown in productivity growth which inevitably caused income growth to be noticeably slower.

8 0

4 years ago

What is the major source of competition for motor carrier?

fomenos

Answer: The major source of competition for motor carrier is intermodal in nature.

The major source competition for motor carriers is railroad. This is because rail system is quicker than motor carriers and has been used widely. Railroads do not cover all geographical zones but they have been a trend in several regions.

Explanation:

7 0

3 years ago

How did the geographic location of harappa affect trade?

Goryan [66]

Answer:

The city was convenient for trading opportunities.

Explanation:

4 0

3 years ago

We are evaluating a project that costs $1.68 million, has a six-year life, and has no salvage value. Assume that depreciation is

zvonat [6]

Answer:

Best-Case Worst-Case

NPV NPV

PV of cash inflows $2,897,706 $3,187,477

PV of project cost $1,680,000 $1,848,000 ($1,680,000 * 1.1)

NPV $1,217,706 $1,339,477

Explanation:

a) Data and Calculations:

Initial project cost = $1.68 million

Project's estimated life = 6 years

Salvage value = $0

Depreciation expense = $280,000 ($1.68 million/6)

Income Statement:

Sales revenue (90,000 * $37.95) = $3,415,500

Cost of goods sold:

Variable cost (90,000 * $23.20) = 2,088,000

Gross profit = $1,327,500

Fixed costs = 815,000

Income before tax = $512,500

Income tax (21% of $512,500) = 107,625

Net income = $404,875

Add depreciation expense 280,000

Annual cash inflows = $684,875

PV annuity factor for 6 years at 11% = 4.231

PV of annual cash inflows of $684,875= $2,897,706 ($684,875 * 4.231)

Annual cash inflows = $753,363 ($684,875 * 1.1)

PV of annual cash inflows of $753,363 = $3,187,477 ($753,363 * 4.231)

3 0

3 years ago