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PilotLPTM [1.2K]
3 years ago
11

waiter at a local restaurant. A recent increase in the minimum wage keeps local employers from adding more of the low-skill posi

tions for which he qualifies, so he has been unable to find work. He continues to look for a job, but he's considering going back to school for vocational training.
Business
1 answer:
Lera25 [3.4K]3 years ago
7 0

Answer:

This is a type of a Structural unemployment.

Explanation:

This is a type of a Structural unemployment.

As the minimum wage is allowing the local employers from adding more low skill positions, the employers are using the same positions for high skill personals. This indicates the a shift  has occurred in the economy that created a mismatch between the skills workers have and the skills needed by employers

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The model of monopolistic competition can characterize the market for plumbing services in a city. Suppose that the market is in
Verdich [7]

Answer:

Correct answer is (C) The price and output of plumbing services will rise

Explanation:

In a monopolistic market if the service or commodity is initially in long-run equilibrium, and then there is an increase in demand, then, there will increase in price in a short run as people demands more and the provider of the service or the producer of the goods will tend to provide or produce more.

6 0
3 years ago
An investment will pay you $95,000 in 10 years. If the appropriate discount rate is 9 percent compounded daily, what is the pres
olga2289 [7]

The present value of the investment future value is $38,628.40

What is present value?

Present value is the today's worth of a future amount when discounted or expressed in today's dollar equivalence.

The present value of a single future cash flow can be determined using the present value formula below:

PV=FV/(1+r/365)^(N*365)

PV=present value=unknown

FV=future value=$95,000

r=discount rate=9%

N=number of years before the future amount is received=10

365 is an indication of number of years in a year since discounted is compounded daily.

PV=$95,000/(1+9%/365)^(10*365)

PV=$38,628.40

The present value can be further understood using the link below:

brainly.com/question/18490474

#SPJ1

5 0
2 years ago
What are the three components of a basic accounting equation? Should a basic accounting formula balance at all times ? If yes ex
Kamila [148]
The formula is: Assets = Liabilities + Shareholders' Equity. The three components of the basic accounting formula are: Assets. These are the tangible and intangible assets of a business, such as cash, accounts receivable, inventory, and fixed assets
7 0
2 years ago
Liability insurance is…
Kaylis [27]

Answer:

D

Explanation:

Liability means being responsible for something, usually by law, so liability insurance is when insurance protects you from charges from the other party's injuries and/or damage to their car in the case of an accident.

6 0
2 years ago
A deposit of $100,000 is made to an investment account today. At the end of each of the next four years, $10,000 must be paid ou
andrey2020 [161]

Answer:

14.06%

Explanation:

Assume their is a cash out flow today of $100000, and next four year annual cash inflow of 10000 and 120000 at the end of year 4.

We can use IRR formula to find the interest rate.

year                            cashflow

0                                   -100000

1                                      10000

2                                     10000

3                                     10000

4                                     130000

IRR                                 14.06%

The calculation has been done on excel sheet

8 0
3 years ago
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