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Alex17521 [72]
3 years ago
14

As a politician, you would be more inclined to propose an increase in the minimum wage when you believe that the new minimum wag

e would:
a. remain below the equilibrium wage and be binding.
b. remain above the equilibrium wage and be binding.
c. be equal to the equilibrium wage.
d. remain below the equilibrium wage and be nonbinding.
e. remain above the equilibrium wage and be nonbinding.
Business
1 answer:
scoundrel [369]3 years ago
3 0
The answer is c. Be equal to the equilibrium wage.
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Oligopolistic firms have been called what as this lesson has mentioned
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Answer: B. Cats in a bag

Explanation:

oligopolistic firms is a small number of firms who realize that they all constitute such a small number of firms that they enjoy a lot of power together. so together they are cats in a bag.

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2 years ago
19. An investor has purchased a property that is giving him a 10% rate of return. Potential gross rents total $10,000.00 a month
gogolik [260]

Answer:

the market value of the property is $628,300

Explanation:

The computation of the market value of the property is shown below;

Gross rent $10,000 × 12= $120,000

Now

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= $110,400

After that

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= $62,830 ÷ 0.10  

= $628,300

hence, the market value of the property is $628,300

4 0
3 years ago
Celestial Insurance hires college graduates and prepares them for management careers. The human resource professionals who prepa
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Development

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5 0
3 years ago
The ALG Manufacturing Company has gathered the following information for the month of September:• 6,000 units in the beginning W
mars1129 [50]

Answer:

C. 66,000

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4 0
3 years ago
The production department is proposing the purchase of an automatic insertion machine. They have identified 3 machines and have
Usimov [2.4K]

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= 15%

<em>Machine B has best average rate of return. </em>

8 0
2 years ago
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