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zmey [24]
3 years ago
15

An increase in the minimum wage will tend to cause which of the following to​ occur? A. an increase in the size of the surplus o

f labor B. a rightward shift in the supply of labor C. a leftward shift in the demand for labor D. a reduction in the unemployment rate
Business
1 answer:
VMariaS [17]3 years ago
5 0

Answer:

The answer is B.

Explanation:

The law of supply states that the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

Labor is resource in factor market. Factor market is a market where factor of production like capital, labor, land etc are sold and bought.

With an increase in minimum wage, many people will be willing to work. This means there is an increase in supply of labor which will lead to rightward shift in the supply of labor.

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What is the purpose of the WTO? Explain one positive effect and one negative effect the WTO's operations can have on member coun
Eva8 [605]
The motivation behind the WTO (World Trade Organization) is to control rules managing universal exchange on worldwide and close worldwide levels. A negative impact of WTO is that creating nations don't have much space to arrange when tolerating exchange controls. They are not sufficiently solid all alone without them. Be that as it may, a positive is that every one of the nations needs to acknowledge what WTO manages so to develop nations this can help them not be exploited by bigger, more created nations.
3 0
4 years ago
Selling price per unit = £0.63
ikadub [295]

Answer:

368 units

Explanation:

The Break-even point is calculated by dividing fixed cost by the contribution margin per unit.

Fixed cost = £140

Contribution margin per unit = Selling price per unit - variable cost per unit

Selling price = £0.63 : Variable cost :  £0.25

Contribution margin per units =£0.63 - £0.25

=£0.38

Break-even point = £140 / £0.38

=368.42

=368 units

5 0
3 years ago
Horace sells equipment with an adjusted basis of $20,000 to his great-grandson, Matthew, for its fair market value of $15,000. M
Alla [95]

Answer:

The recognized gains upon the sale is $2000.

Explanation:

As the cost of purchase of the equipment to Mathew is $15000 and the sale proceeds received is $17000. The gain is actually calculated as follows;

Gain = Sale proceeds –Cost of equipment  

Gain = Matthew sells the equipment to an unrelated party for $17,000 – Matthew bought equipment for its fair market value of $15,000

Which is $1700 -$1500 = $2000

Therefore the recognized gains upon the sale is $2000.  

6 0
3 years ago
A company issued rights to its existing shareholders without consideration. The rights allowed the recipients to purchase unissu
AnnyKZ [126]

Answer:

Option C.

1. No

2. No

Explanation:

The rights are unissued common stock yet hence no double entry would be passed. The double entry will only be passed when the rights are exercised.

The double entry when the rights are exercised would be:

Dr Bank A/c XX

Cr Common stock                      XX

Cr Additional paid-in capital     XX

8 0
3 years ago
Consider the market for tablet (like iPads and Android tablets). Suppose the average price of an iPad goes up by $20 when a majo
NikAS [45]

Answer:

The price of Android tablets will increase.

The demand for Android tablets will increase.

Explanation:

iPads and android Tablets are direct competition for one another.

So, when the average prices of an ipad goes up ,  some percentage of the <u><em>consumers will seek alternatives for similar product.</em></u> This is why the demand for android tablets will increase.

But, there is one more point to consider.

Online retailer tend to sell different brands of a similar product to its consumers.  It is very likely that big retailers will sell both apple and andorid products in their store.

<u><em>if the price of Ipad goes up because of the change in the retailer's sale policies, that change will definitely affect the price of the android as well</em></u>

Because of this, The price of Android tablets will also increase.  Even though the increase may not be as high as Ipad since they have lower baseline price/

5 0
3 years ago
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