1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kow [346]
3 years ago
8

Minimum wages create unemployment in markets where they create a

Business
1 answer:
Bogdan [553]3 years ago
8 0

Answer:

a binding price floor which results in an excess supply of labor and a decrease in the quantity demanded.

Explanation:

When a minimum wage is set below the equilibrium wage, then it will have absolutely no effect in the labor market. But when it is set above the equilibrium wage, it will cause an excess supply of labor and a decrease in the quantity demanded of labor resulting in a deadweight loss or a loss of total economic efficiency. This means that more people will want to work but less employers will hire workers.

You might be interested in
Wallen Corporation is considering eliminating a department that has an annual contribution margin of $80,000 and $160,000 in ann
krok68 [10]

Answer:

$10,000

Explanation:

We need to find the segment margin of the deparment, which is equal to annual contribution margin minus avoidable fixed costs:

Wallen Corporation

Annual contribution margin            $80,000

Annual fixed costs                           $160,000

Unavoidable fixed costs                 $90,000

Avoidable fixed costs                     $70,000

Segment Margin  = Annual contribution margin - avoidable fixed costs

                             = $80,000 - $70,000

                             = $10,000

Therefore, if the company eliminated this department, it would have a financial advantage of $10,000, equivalent to the deparment's current segment margin.

                     

5 0
3 years ago
Suppose the working-age population of a fictional economy falls into the following categories: 60 have full-time employment; 20
iogann1982 [59]

Answer:

1) What is the size of Labor force

?

60 people are full time employed + 20 people who are part-time employed + 20 people who are unemployed = 100 people

2) What is the Unemployment rate?

20 people who are unemployed / 100 people = 0.2 or 20%

the unemployment rate includes only those people who do not have a job but are willing and able to work, and are currently looking for one.

5 0
3 years ago
Which of these is a nonstore retailer?
Lady bird [3.3K]
A. Vending Machine is a nonstore retailer
7 0
3 years ago
Definition of a stakeholder
MatroZZZ [7]
1.
(in gambling) an independent party with whom each of those who make a wager deposits the money or counters wagered.
2.
a person with an interest or concern in something, especially a business.
6 0
3 years ago
The product of sports marketing at the university of alabama are seats at the home games.
Lapatulllka [165]
The answer is true because it is true

3 0
3 years ago
Other questions:
  • A bond indenture is
    10·1 answer
  • Increased size of financial institutions resulting from financial consolidation increases the ________ problem, because there ar
    7·1 answer
  • Which of the following is a good internal control mechanism for cash disbursements? Multiple Choice Maximum purchase limits set
    9·1 answer
  • What do you call an agreement made between different companies to charge the same amount for products?
    8·2 answers
  • 2021 2020 Income Statement Information Sales revenue $ 8,400,000 $ 7,900,000 Cost of goods sold 5,535,600 5,400,000 Net income 3
    9·1 answer
  • An audit client is creating a​ Web-based sales ordering system for customers to purchase products using personal credit cards fo
    7·1 answer
  • Outsourcing means that :
    10·1 answer
  • The demand for chocolate chip cookie dough ice cream is likely quite elastic because
    8·1 answer
  • An
    7·1 answer
  • 7. Constant growth rates One of the most important components of stock valuation is a firm’s estimated growth rate. Financial st
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!