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lidiya [134]
4 years ago
14

Why does minimum wage exist?

Business
2 answers:
exis [7]4 years ago
7 0
If minimum wage didn't exist, then there would be nothing stopping  companies from paying there workers basically nothing. They could grossly underpay all workers and not get in trouble for it.
mr Goodwill [35]4 years ago
4 0

A minimum wage exists because sometimes market wages are too low for workers to live on.

FROM PLATO

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The two most common pricing alternatives for products in the introduction stage of the product life cycle are:.
Anarel [89]

Answer:

penetration pricing and skimming pricing

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3 years ago
In the development of the ipad 3, it is very likely that apple will develop an initial ______ and then test its performance and
hjlf

<span>In the technological sector a new product start its live as a prototype, then the enterprise use various consumer test panel to see the reaction of the potential costumers in real time environments and check how the prototype behaves. With the information gathered from the costumers tests panels the company can make adjustments <span>improve the prototype based on the feedback of the people that actually used it and release a better final version of the product.</span></span>

4 0
4 years ago
Consider the following probability distribution for stocks A and B: State Probability Return on Stock A Return on Stock B 1 0.10
Tomtit [17]

It can be deduced that the expected rates of return of stocks A and B are 13.2% and 7.7% respectively.

<h3>How to calculate the expected rates of return</h3>

E(RA) = 0.1 (10%) + 0.2 (13%) + 0.2 (12%) + 0.3 (14%) + 0.2 (15%)= 13.2%

E(RB) = 0.1 (8%) + 0.2 (7%) + 0.2 (6%) + 0.3 (9%) + 0.2 (8%)= 7.7%

Therefore, the expected rates of return of stocks A and B are 13.2% and 7.7% respectively.

The standard deviation will be calculated thus:

Var(RA) = [0.1 (10%-13.2%)² + 0.2 (13%-13.2%)² + 0.2 (12%-13.2%)² + 0.3 (14%-13.2%)² + 0.2 (15%-13.2%)2 ] 1/2

= 1.5%

Var(RB) = [0.1 (8%-7.7%)² + 0.2 (7%-7.7%)² + 0.2 (6%-7.7%)² + 0.3(9%-7.7%)² + 0.2 (8%-7.7%)² ] 1/2

= 1.1%

Therefore, the standard deviation of stocks A and B are 1.5% and 1.1% respectively.

Learn more about rate of return on:

brainly.com/question/25821437

3 0
2 years ago
Assume that there is rent control in Chicago. Which of the following is true? The total surplus will fall because there will be
natulia [17]

Answer:

The total surplus will fall because there will be a shortage of apartments

Explanation:

6 0
3 years ago
Hyper Color Company manufactures widgets. The following data is related to sales and production of the widgets for last year. Se
Nadya [2.5K]

Answer: $24,000

Explanation:

Operating income under absorption costing:

= Sales - Cost of goods sold - Selling and admin expenses

Cost of goods sold = Variable production cost + Fixed production cost

= (61 * 1,000 units sold) + (32,000 / 1,500 units produced * 1,000 units sold)

= $82,333

Selling and admin expenses:

= Variable + Fixed

= (6 * 1,000) + 8,000

= $14,000

Operating income = (120 * 1,000) - 82,333 - 14,000

= $23,667

= $24,000

4 0
3 years ago
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