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expeople1 [14]
3 years ago
14

Suppose a state passes a minimum wage law that increases the minimum wage from $5/hour to $20/hour. The equilibrium wage prior t

o the minimum wage hike was $10/hour.Which of the following is likely to result from the minimum wage? a. The state will experience full employment. b. Employers will demand more labor than workers will supply. c. The labor market will become more efficient. d. Some employers and workers will agree on a wage less than $20 and not report the wages to the government.
Business
1 answer:
Margaret [11]3 years ago
3 0

Answer:

D) Some employers and workers will agree on a wage less than $20 and not report the wages to the government; black market

Explanation:

The quantity supplied of labor should increase (more people will want to work), but the quantity demanded of labor should decrease (less employers will want to hire workers). Therefore the unemployment level should increase, turning the labor market less efficient.

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There is often only one provider of cable television services in each region of the country: Time Warner is in New York, Comcast
posledela

Answer:

monopolist

Explanation:

Monopolistic competition is a kind of imperfect competition in which specific person or enterprise is the only supplier of a particular commodity.

A monopolist is not very much concerned about the product as customers have no alternatives but to buy that product.

Also, he can change the price or quantity of the product as in an industry he is a single seller .

In the given question, it's given that There is often only one provider of cable television services in each region of the country: Time Warner is in New York, Comcast is in most of New England, and so forth.

So, it would have caused Comcast to become an overly large <u>monopolist</u> with too much power if it buys Time Warner.

7 0
3 years ago
what is the difference between a trademark and a registered trademark? how is each condition signified?
den301095 [7]

Answer:

Trademark is a product name and symbol that can be copied

Registered Trademark is a product name and symbol that cannot be copied

Explanation:

A Trademark is a symbol that notifies other producers that your product’s name and design are your company’s exclusive property, although this gives insufficient protection because it can be copied since this it does not protect you from another company producing a similar product and using a similar name. In the event of such occurrence you do not have a legal defense because your trademark is not registered.

A registered trademark is distinguished by the symbol ®. A registration protects your trademark from other companies use of the name or image, and in the event of products, names or images being too similar, the rival producing company could be found guilty of trademark infringement.

8 0
4 years ago
Leigh has information on how many customers purchase bagels at her coffee shop. With the bagel sales numbers from the past four
pshichka [43]
<span>Predict trend
--------------------


hope it helps!</span>
5 0
4 years ago
Read 2 more answers
You purchase 150 shares for $70 a share ($10,500), and after a year the price rises to $80. Calculate the percentage return on y
Lyrx [107]

Answer:

57.14%

Explanation:

Missing word <em>"25 percent."</em>

<em />

Gain on the stock = (150*$80) - $10,500

Gain on the stock = $ 12,000 - $10,500

Gain on the stock = $1,500

If Margin requirement is 25%, The Margin = 10,500*25% = $2,625

Return on Investment = $1,500/$2,625 * 100 = 0.571429 * 100 = 57.1429% = 57.14%

6 0
3 years ago
If a monopolist increases the selling price of a good from $20 to $30, then what is the marginal revenue?
Elena-2011 [213]
The answer is D. <span>Cannot be determined from the information given
Marginal revenue is the amount of revenue that the company will receieve by increasing the sales by 1 product.
In order to calculate this, we need information about the difference in profit and the difference in amount of product sales.</span>
4 0
3 years ago
Read 2 more answers
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