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Alona [7]
3 years ago
7

Senator approxmire opposes a proposal requiring that the monopsonist pay a minimum wage of at least wmin, stating: "even if the

labor market is monopsonistic, economic theory unambiguously demonstrates that imposing a minimum wage causes employment to fall." senator approxmire is:
Business
1 answer:
mihalych1998 [28]3 years ago
6 0
Senator approxmire is  Incorrect because the monopsonist's effective MRC curve becomes ABCD, which means that it<span> would choose to hire more workers, from L1 to L2, following the imposition of the minimum wage.
When monopsonist exist, the majority of workers within a certain area will be employed by a single entity. When we enacted minimum wage, indeed the company's salary expense will be increased, but this will goes along with the total productivity increased by the happy employees.</span>
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inna [77]
That would be a "target CPA simulator"
7 0
3 years ago
If house A had a sale price of $70,000, monthly rent of $500, and a GRM of 140; House B had a sale price of $68,500, monthly ren
Lubov Fominskaja [6]

Answer:

$69,300

Explanation:

Given the following :

House A :

Sales price = $70,000

Monthly rent = $500

GRM = 140

House B :

Sales price = $68,500

Monthly rent = $490

GRM = 139.8

House C :

Sales price = $70,500

Monthly rent = $485

GRM = 139.6

The gross rent multiplier GRM is obtained as the proportion of the sale price of a property to it's monthly rent.

GRM = (Sales price / monthly rent)

If a property is rented for 495 and house A is the

most comparable, then

Sales price will be closest to:

GRM of House A × monthly rent of property

140 × $495 = $69,300

7 0
3 years ago
The shared federal and state health insurance program for low-income persons is called
Olin [163]

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8 0
3 years ago
In marketing children's products, it's extremely important to produce television commercials that hold the attention of the chil
Tju [1.3M]
<span>Description of this experiment: This type of experiment would be deemed as completely randomized, as the subjects are chosen at random to watch the commercial. The subjects are 15 children under 10 years old. The different factors in this experiment are the commercials, as well as the 3 levels of products (types). The response in this experiment would be the children's attention span.</span>
6 0
3 years ago
Tim is a single, cash-method taxpayer with an AGI of $50,000. In April of this year, Tim paid $1,100 with his state income tax r
Ivan

Answer:

The amount of taxes that Tim can deduct as an itemized deduction is $7,340

Explanation:

The computation of the itemized deduction is shown below:

= State income tax for the previous year + state income tax from his salary + estimated payments of state income tax

= $1,100 + $5,050 + $1,190

= $7,340

The other item values which are mentioned in the question are not considered and not affect the deductions for current year So, we do not take in the computation part. Hence, ignored it

8 0
3 years ago
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