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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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Career outlook is the correct answer
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nobel prize winner milton friedman said that a bad central banker is like a ""fool in the shower."" how does this apply to centr
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There are monetary policy lags

<h3>What is monetary policy lags ?</h3>

The presence of temporal delays is one of the drawbacks of countercyclical monetary policy. The monetary authority must have time to recognise the need for action, take that action, and observe how that action affects economic activity. The time relationship between the resultant monetary series and the subsequent series of impacts of monetary operations is how Friedman defines "lag." He claims that economic circumstances are only affected by monetary measures after a "long and varied lag." Friedman makes a distinction between three fundamental lags: the administrative lag, the operation lag, and the recognition lag.

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1 year ago
Her current campaign has a total investment of $25,500, generates 1,500 conversions, and has a CPA of $17. Which plan, built in
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6 0
2 years ago
_____ capital is the economic or productive potential of strong, trusting, and cooperative relationships. This type of capital c
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Social Capital.

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8 0
2 years ago
The cost of a new machine is $250,000.
aksik [14]

Answer:

Initial outlay = $250,000

Annual cash inflow = 25% x $250,000 = $62,500 per annum

Payback period = <u>Initial outlay</u>

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                          = <u>$250,000</u>

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Explanation:

In this respect, there is need to calculate the annual cash inflow, which is 25% of initial outlay. Then, we will divide the initial outlay by the annual cashflow. This gives the payback period of the machine.

5 0
2 years ago
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