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dangina [55]
4 years ago
8

An effective minimum wage policy in a competitive market will increase unemployment and increase the total earnings of labor onl

y if the demand for labor is (A) relatively inelastic (B) relatively elastic (C) unit elastic (D) greater than the supply (E) positively related to the wage rate
Business
1 answer:
horsena [70]4 years ago
8 0

Answer:

D

Explanation:

greater than the supply

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Market equilibrium:___________
Mashutka [201]

Answer:

a) all trades that can generate gains from trade take place, and no trades take place that would not generate gains from trade.

Explanation:

When we draw the demand and supply curve, the point in the curve where both meet shows that the market is in a state of equilibrium.

The price is the equilibrium price and the quantity is the equilibrium quantity. Prices would become stable at this point. At this point every trade that would bring about gains from trade would take place. There would be no trade in the market equilibrium that would not generate gains from trade. This is because the market equilibrium is an optimum point for trade for either party, that is the buyer and the seller.

5 0
3 years ago
In the markets for factors of production, ____
Lelu [443]

Answer: In the markets for factors of production, "(B) households provide firms with labor, land, and capital.".

Explanation: Companies and households interact between 2 markets.

The market of goods and services: is one in which companies sell products and services to homes.

The market of productive factors: it is one in which households sell productive factors to companies so that they can produce goods and services.

8 0
3 years ago
If you focus on managing the production and delivery of your organization’s products or services more effectively, you are manag
Serjik [45]

If you focus on managing the production and delivery of your organization’s products or services more effectively, you are managing its. Operations

This is further explained below.

<h3>What is Operations management?</h3>

Generally,  Operations management is a subfield of management that focuses on the planning and administration of the production process, as well as the reorganization of corporate operations that are involved in the manufacturing of products or services.

Additionally, operations management is concerned with the reorganization of corporate operations that are involved in the distribution of goods.

The process of ensuring that goods are transported from one location to another in a way that is not only effective but also efficient is referred to as "delivery management," and it falls within the purview of delivery management.

In conclusion, You will be better able to manage your firm if you concentrate on improving the efficiency with which it manufactures and distributes the goods or services it offers. Operations

Read more about operations management

brainly.com/question/16289727

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3 0
2 years ago
Wonder Coffee is a chain of coffee serving outlets and specializes in selling different flavors of coffee. The increase in the p
artcher [175]

Answer:

c. Inelastic demand

Explanation:

Inelastic demand means that the quantity ordered on a product is not affected by changes in price. The demand is relatively constant regardless of a change in price.

Coffee and sugar are complementary goods. Usually, price fluctuation in one of them should affect the demand of the other. In this case, changes in sugar prices have not affected the demand for coffee. If price changes do not affect demand, then the product has inelastic demand.

7 0
3 years ago
You bought a new game for your PS3, but when you opened the package and used the disk on your machine, it burned out your PS3 an
Sidana [21]
Nooooo
i would take it back or even sue if it was that bad
3 0
3 years ago
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