Answer:
A. Equilibrium Wage : Fall , Equilibrium Employment : Increase
Explanation:
Labour Demand (by producers) & Labour Supply (by workers) are analogous to commodity demand (by consumers) & supply (by producers) by consumers at various prices (wages).
Labour Demand Curve is downward sloping due to wage , demand inverse relationship - more demand at lower wages & vice versa.
Labour Supply Curve is upward sloping (upto a point) due to wage , aupply inverse relationship - more supply at higher wages & vice versa.
If Labour supply increases , curve shifts to the right : It will create excess supply of that labour, which will create competition among sellers (labourers) & reduce wage rate and at the new reduced wage rate , the labour demand will be more . So , the new equilibrium will be established at lowered wage rate , more employment.
The Federal law ensures that employers pay a minimum wage to their employees.
What is the meaning of a federal law?
- Federal laws are bills that have passed both houses of Congress, been signed by the president, passed over the president's veto, or allowed to become law without the president's signature.
- Individual laws, also called acts, are arranged by subjects in the United States Code.
What is an example of a federal law?
- Federal anti-discrimination and civil rights laws that protect against racial, age, gender and disability discrimination.
- Patent and copy right laws.
- Federal criminal laws such as laws against tax fraud and the counterfeiting of money.
Learn more about federal law here:
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The correct amount of net asset value is $33. 66. Net asset value is termed as the value of the asset after the evaluation of the company's profit and evaluating the paid-off debt of the firm.
Computation of the total net value:
The computation of the net asset value is:
Therefore, the correct option is D.
To know more about the calculation of the net asset value, refer to the link below:
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Answer:
SEP IRA
Explanation:
For this type of company, the best type of plan would be a SEP IRA. This refers to a Simplified Employee Pension Plan and is a plan that is set up by an employer, with deductible contributions made by the employer themselves. The employer sets the actual contribution rate when creating the plan, and provides all employees the same contribution rate. The annual contribution of such an account is capped at $56,000 in 2019 and the individuals may withdraw the total amount of the account tax-free when they turn 59 1/2 years old.
Answer:
B) I is true and II is false.
Explanation:
When the market price is held above the competitive level, the deadweight loss is composed of
producer and consumer surplus losses associated with units that used to be traded on the market but are no longer exchanged.
Therefore the second statement is wrong.
