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Aleks04 [339]
3 years ago
14

An effective minimum wagea. imposes a price ceiling on the wages of various categories of low-skill workers.b. increases the dem

and for low-skill workers.c. makes it easier for low skill workers to find jobs.d. increases the earnings of some low-skill workers while reducing the employment and training opportunities available to others.
Business
1 answer:
Strike441 [17]3 years ago
5 0

Answer:

d. increases the earnings of some low-skill workers while reducing the employment and training opportunities available to others.

Explanation:

Minimum wage is a form of price floor. It is the lowest amount that should be paid to labour for their services rendered. It is usually set by the government or an agency of government.

Minimum wage causes supply of Labour to exceed demand for Labour. Firms would demand less of Labour because of higher cost of Labour. Decreased demand for Labour would increase unemployment.

Minimum wage isn't a price ceiling but a price floor.

Minimum wage increases the income of Labour.

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D I think, because Kim is buying the stove so she can cook
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3 years ago
Suppose you have the following information about a fictitious economy. Assume there are no taxes in this economy. Disposable Inc
djyliett [7]

The equilibrium level of consumption is $28500.

The equilibrium level of consumption is at the point where the disposable income is equal to the consumption.

If this was properly placed in a tabular form, we would clearly see that when the disposable income was at $28500, the consumption in dollars was also at the same price level.

Given this condition, we can conclude in economics that consumption is at its level of equilibrium.

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4 0
2 years ago
Which of the following statements is true of content marketing?
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Answer:

A

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In today's marketing the use of material such as video, sound, webinars among others is essential, especially with the rise of the internet and advertising channels such as webpages and blogs.

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3 years ago
The capital investment cost for a switchgrass-fueled ethanol plant with a capacity of 250,000 gallons per year is $2,000,000. Th
GenaCL600 [577]

Answer:

$2,740,251.24

Explanation:

Applying power sizing technique or an exponential model to determine the cost of new boiler.

This model identify the cost variation along with change in capacity or power of the equipment.

\frac{C_{A} }{C_{B} } =(\frac{S_{A}}{S_{B}})^{x}

Where,

Cb = Cost of new plant

Sa = capacity of new plant

Sb = capacity of old plant

x = cost capacity factor

Therefore,

\frac{C_{A}}{2,000,000} =(\frac{400,000}{250,000})^{0.67}

C_{A}=2,000,000\times\frac{400,000}{250,000}

               = 2,000,000 × 1.3701

               = $2,740,251.24

5 0
3 years ago
Item 8Item 8 In a certain year, the aggregate amount demanded at the existing price level consists of $100 billion of consumptio
erma4kov [3.2K]

Answer:

The government can reduce GDP by either:

  1. lowering government expenses
  2. increasing taxes which will lower consumption
  3. or a combination of both

Explanation:

currently total GDP = $100 billion (C) + $40 billion (I) + $20 billion (G) + $10 billion (X) = $170 billion

since the full employment GDP = $120 billion, the government must lower the GDP by $50 billion before inflation starts to rise.

The government can reduce GDP by either:

  1. lowering government expenses
  2. increasing taxes which will lower consumption
  3. or a combination of both

We aren't given any more information regarding MPC or MPS, so it is not possible to calculate by how much should government spending be lowered or taxes increased.

4 0
3 years ago
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