1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Romashka-Z-Leto [24]
2 years ago
9

When the labor demand curve s downward-sloping, an increase in the minimum wage is:________

Social Studies
1 answer:
nydimaria [60]2 years ago
7 0

When the labor demand curve s downward-sloping, an increase in the minimum wage is beneficial.

Why labor demand curve is downward sloping?

  • Because of the law of diminishing returns, the demand curve is downward sloping.
  • when more workers are hired, the marginal product of labor starts to decline, which causes the marginal revenue product of labor to fall as well.

How does an increase in the minimum wage affect demand?

  • The quantity of work required will alter in response to changes in pay or salary.
  • Employers will want to hire fewer workers if the pay rate rises.
  • There will be a reduction in the amount of labor requested and an upward shift in the demand curve.

Learn more about  demand curve

brainly.com/question/13131242

#SPJ4

You might be interested in
What was the Cycle of Misery?
lakkis [162]

Answer:

Despicable people do deplorable things this is pretty much sums up the block of judges. why would the bible even contain

5 0
3 years ago
Help pls I don’t have Netflix and it’s kinda sad dat I might fail on my birthday if I don’t do it
Lapatulllka [165]
I cant find the film sorry
6 0
3 years ago
Three things are important for the formation and sustentation of a city. Which of the below options is NOT one of them?
Rom4ik [11]

Answer:

correct option is c. Well constructed buildings

Explanation:

as for the life serving our primary need air water and food and safe place to live

so here we need Fresh water supply and Consistent Food Supply and Social Stability that is refer here for the range of life structure and the reliable routine which is protective against any situational hazard

and it also help you maintain connection

so here Well constructed buildings is not our primary need

so correct option is c. Well constructed buildings

5 0
3 years ago
Which of the following refers to the process of gathering detailed information about jobs? Job design work study Job analysis Jo
Morgarella [4.7K]

Answer:

JOB ANALYSIS

Explanation:

Job analysis identify the attributes or job requirements needed to perform the job in an organisation or company.

Organisation use job analysis to provide information which help to determine candidate that are best fits for that specific job. Job analysis enable applicants or employees to know what important tasks of the job are, how they are been carried out and the qualities needed to perform the job successfully.

Job analysis help organisations to hire the best candidates. Job analysis plays an important role in recruitment and selection thereby increasing organisation productivity.

4 0
3 years ago
In a market economy, which of the following is MOST LIKELY to benefit consumers?
cluponka [151]
<h3>Answer: A. competition among producers</h3>

==========================================================

Explanation:

Competition reduces prices while also increasing the quality of the product or service. Companies that don't do such things will likely be out of business since the customer can go elsewhere for a better experience. The more competition, the better consumers are off.

In contrast, monopolies are bad for consumers because one company can set the price to whatever they want (to a certain level of course) and the customer has no choice to pay that price. The customer does not have any other option so the company is in full control. This leads to decline in quality because quality is often associated with cost. Safety standards may decline as well. So this is why monopolies are not good for the customer. In cases where there are monopolies, such as with power utilities, it is strongly advised that government regulations are put in place. This way the company doesn't completely exploit the customer.

In short, we can eliminate choice D because it runs counter to choice A.

Choice C can also be eliminated because if you had a decrease in supply, then the price of the product is likely to go up if you hold other factors in check (such as keeping the same level of demand). Higher prices do not benefit consumers unless those consumers had an equal or better wage increase.

A raise in interest rates means that it becomes more expensive to borrow money. For example, a raise in interest rates means that mortgage rates go higher. This negative is slightly counterbalanced with the fact that savings accounts interest rates go up as well. Overall, I think a rise in interest rates means that consumers ultimately pay more, so we can cross choice B off the list as well.

8 0
3 years ago
Read 2 more answers
Other questions:
  • Differences between catholic and christian
    5·1 answer
  • What does overactive adrenal glands mean?
    7·1 answer
  • Which consideration must be addressed when deciding for whom to produce
    11·1 answer
  • A defendant is said to have _____ committed a criminal act when he or she desires to engage in certain criminal conduct or to ca
    12·1 answer
  • What is the name for the form of dictatorship when one person holds all the power?
    5·2 answers
  • Which signs would a social studies teacher look for to identify an unmotivated student? Check all that apply. a) The student doe
    12·2 answers
  • Predictive analytics may be applied to_______________, which is a set of techniques that use descriptive data and forecasts to i
    7·1 answer
  • .What is a negative impact of the rivers in China? (The Huang He- Yellow River and the Chang Jiang- Yangtze River
    14·1 answer
  • Please.............................
    8·2 answers
  • About __________ of all first marriages in the united states are likely to end in divorce.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!