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3 years ago

The people who immediately benefit from a minimum wage are

Business

2 answers:

aliina [53]3 years ago

5 0

<span>the workers who retain their jobs after enactment of the minimum wage.</span>

Whitepunk [10]3 years ago

3 0

The workers who retain their jobs after enactment of the minimum wage.

Hope this helps !

Photon

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Suppose the price of apples goes up from $22 to $24 a box. In direct response, Goldsboro Farms supplies 1300 boxes of apples ins

tamaranim1 [39]

Answer:

Elasticity of supply=3.3>1, there for the supply is elastic

Explanation:

Elasticity of supply can be defined as a ratio that can be used to test the sensitivity of supply due to a change in price.

The formula can be expressed as;

Elasticity of supply=Percentage change in quantity supplied/Percentage change in price

where;

Percentage change in quantity supplied=((Final quantity supplied-Initial quantity supply)/(Initial quantity supplied))×100

Final quantity supplied=1,300 boxes

Initial quantity supplied=1,000 boxes

Percentage change in quantity supplied=(1,300-1,000)/1,000=300/1,000

Percentage change in quantity supplied=(0.3×100)=30%

Percentage change in price=((Final price-Initial price)/(Initial price))×100

Final price=$24

Initial price=$22

Percentage change in price=(24-22)/22=2/22

Percentage change in price=(1/11)×100=9.1%

With all the values calculated, the elasticity of supply can be calculated as follows;

Elasticity of supply=30%/9.1%=3.3

Elasticity of supply=3.3>1, there for the supply is elastic

7 0

3 years ago

Company ABC, based in Tennessee, sources goods from Southeast Asia to take advantage of labor cost savings. This is an example o

hammer [34]

Answer:

the globalization of production.

Explanation:

Since company ABC, based in Tennessee, sources goods from Southeast Asia to take advantage of labor cost savings. This is an example of the globalization of production.

Globalization of production can be defined as the process of sourcing goods and services from other countries (locations) around the world in order to take advantage of labor cost savings and quality of other factors of production such as land and capital.

Additionally, globalization can be defined as a strategic process which involves the integration of various markets across the world to form a large global marketplace.

<em>Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world</em>.

3 0

3 years ago

A physical count of supplies on hand at the end of May for Masters, Inc. indicated $1,253 of supplies on hand. The general ledge

e-lub [12.9K]

Answer and Explanation:

The journal entry is as follows;

Supplies expense Dr ($2,130 - $1,253) $877

To Supplies $877

(being the supplies expense is recorded)

Here the supplies expense is debited as it increased the expenses while on the other hand the supplies is credited as it decreased the assets. Also both the accounts contains normal debit balance

5 0

3 years ago

For an imaginary economy, the value of the consumer price index was 140 in 2013 and 146.5 in 2014. The economy’s inflation rate

Evgen [1.6K]

Answer:

4.64%

Explanation:

The computation of the economy inflation rate is presented below:

= (Consumer price index in 2014 - Consumer price index in 2013) ÷ (Consumer price index in 2013) × 100

= (146.5 - 140) ÷ (140) × 100

= (6.5) ÷ (140) × 100

= 4.64%

We simply applied the above formula so that the economy’s inflation rate could come

5 0

3 years ago

Ces

marishachu [46]

This answer for this one would be D because

3 0

3 years ago