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Montano1993 [528]
3 years ago
11

“If the minimum wage rate is higher than the equilibrium wage rate, fewer people will be hired because the cost of labor is too

high”. Do you agree or disagree?
Business
1 answer:
icang [17]3 years ago
5 0

If the minimum wage rate is higher than the equilibrium wage rate, fewer people will be hired because the cost of labor is too high. I agree.

Explanation:

  • If the minimum wage is set above the equilibrium wage rate, it has powerful effects. The Labor Market and the Minimum Wage The equilibrium wage rate is $4 an hour. The minimum wage rate is set at $5 an hour. So the equilibrium wage rate is in the illegal region
  • If the minimum wage is set below the equilibrium wage rate, it has no effect. The market works as if there were no minimum wage. If the minimum wage is set above the equilibrium wage rate, it has powerful effects.
  • The equilibrium market wage rate is at the intersection of the supply and demand for labour. Employees are hired up to the point where the extra cost of hiring an employee is equal to the extra sales revenue from selling their output.
  • When the labor market is in equilibrium, the economy is at full employment.
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A 60,000 square meter rectangular yard is to be enclosed on three sides by wood fencing that costs $25.00 per meter and on the f
raketka [301]

Answer:

C'(y) = 50 -\frac{3900000}{y^2}=0

And we can solve for y and we got:

y = \sqrt{\frac{3900000}{50}}= 279.285

And using condition (1) we can solve for x and we got:

x= \frac{60000}{279.285}= 214.834

So then the minimum cost for this case would be:

C = 50*279.285 + 65*214.834 = 27928.49

Explanation:

For this case the graph attached illustrate the problem for this case

We know that the total area is 60000, so then we have:

xy = 60000

If we solve for x we got:

x = \frac{60000}{y}  (1)

Now we can define the cost function like this:

C = 2*(25)*y + 25 x +40 x

C(x,y) = 50 y + 65 x

We can use the condition (1) and if we replace in the cost function we have:

C(y) = 50 y + 65(\frac{60000}{y})

Since we need to minimize the cost, we can derivate the function in terms of y and we got:

C'(y) = 50 -\frac{3900000}{y^2}=0

And we can solve for y and we got:

y = \sqrt{\frac{3900000}{50}}= 279.285

And using condition (1) we can solve for x and we got:

x= \frac{60000}{279.285}= 214.834

So then the minimum cost for this case would be:

C = 50*279.285 + 65*214.834 = 27928.49

7 0
3 years ago
Bond Yields and Rates of Return A 30-year, 10% semiannual coupon bond with a par value of $1,000 may be called in 4 years at a c
Nookie1986 [14]

Answer:

The bond's yield to maturity is 9.45% using Excel to get exact values, and 9.59% using approximate method.

Explanation:

We can calculate is using 2 ways, using Excel to get the exact percentage or with approximate methods, calculating the semi-annual Yield to Maturity using the following formula

YTM_{sm} =\cfrac{PMT+\cfrac{FV-PV}n}{\cfrac{FV+PV}2}

And from there we can calculate the Yield to Maturity just by multiplying the semi-annual one by 2.

Identifying the given information.

We have a period of 30 years, so for the semiannual bond we have n=2(30) = 60 periods.

The face value, FV, is $1000, the coupon rate is 0.10, thus we can use them to  find the interest per period PMT.

PMT=0.10 \times \cfrac{1000}{2}\\PMT=\$ 50

The current price of the bond, PV is $1050.

Replacing the values on the semiannual Yield to Maturity

YTM_{sm} =\cfrac{PMT+\cfrac{FV-PV}n}{\cfrac{FV+PV}2}

YTM_{sm}=\cfrac{50+\cfrac{1000-1050}{60}}{\cfrac{1000+1050}{2}}

Simplifying we get

YTM_{sm}=4.797\%\\

Finding the Yield to Maturity.

We can just multiply by 2 to get the Yield to Maturity from our previous result and rounding it to 2 decimals we get

YTM = 2 YTM_{sm}\\YTM=9.59\%

Alternatively we can use Excel and write:

RATE(n, PMT, PV, FV)*2

That is

RATE(60,50,1050,1000)*2

And we will get the exact Yield to maturity 9.49%

3 0
3 years ago
The manager of the marketing team has thoughtfully selected team members with their strengths in mind to play roles based on the
hodyreva [135]

Answer:

The correct option is advisor.

Explanation:

In business, advisors can be described as persons who evaluate circumstances and suggest options as what could be done during different circumstances. These options are suggested for the benefit of the company and to lead it towards success. An advisor usually evaluates the business plan for a company.

In the above-mentioned scenario, Andy is entitled to evaluate particular situations and provide better options, hence she is playing the role of an advisor.

3 0
3 years ago
Read 2 more answers
When the alternatives under consideration have only disbursements (service alternatives), the do-nothing alternative must be inc
Rom4ik [11]
Answer: False

Explanation:
When more than one alternative can be selected from those available, the alternatives are said to be mutually exclusive. In evaluating independent alternatives, each alternative is compared against the "Do Nothing" alternative.
For mutually exclusive alternatives, the do-nothing is a viable option when revenue alternatives are involved.
7 0
2 years ago
In 2017, Randa Merchandising, Inc., sold its interest in a chain of wholesale outlets, taking the company completely out of the
Tju [1.3M]

Answer:

Randa Merchandising, Inc.

1. Indication of where each of the following income-related items for this company appears on its 2017 income statement.

Income Statement

1. Net Sales

2. Cost of goods sold

3. Depreciation expense

4. Income taxes expense

5. Gain on state's condemnation of company property, net of tax

6. Gain on sale of wholesale business segment, net of tax

7. Loss from operating wholesale business segment, net of tax

8. Loss of assets from a meteor strike, net of tax

Explanation:

Randa's income statement is prepared using a step-by-step approach.  It starts with the net sales from which the cost of goods sold is deducted to arrive at the gross profit.  Thereafter, the operating expenses are deducted to obtain the operating income.  Based on this, income taxes are computed before arriving at the operating income after taxes.  And then, the extraordinary items are disclosed (net of taxes) before arriving at the net income.

7 0
2 years ago
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