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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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Chicago Company has a subsidiary in Germany where it generates large profits. The subsidiary remits most of its earnings to the
matrenka [14]

Answer:instructing the German subsidiary to borrow euros from a bank in Germany

Explanation:A company may organize subsidiaries to keep its brand identities separate. This allows each brand to maintain its established goodwill with customers and vendor relationships. Subsidiaries can also help you position part of your business as an alternative to the parent company at a different price point.

The Chicago Company will instruct the German subsidiary to lend Euro from bank in Germany.

6 0
3 years ago
Read 2 more answers
Durban Metal Products, Ltd., of the Republic of South Africa makes specialty metal parts used in applications ranging from the c
gladu [14]

Answer:

<u>Overhead Report for heavy-duty trailer axles.</u>

Order size ($ 16.85 × 200)              $3,370.00

Customer orders ($ 320.00 × 1)        $320.00

Product testing ($ 89.00 × 4)            $356.00

Selling ( $ 1,090.00 × 2)                  $2,180.00

Total                                                 $6,226.00

Conclusion :

The total overhead cost assigned to the order is $6,226.00

Explanation:

ABC system allocates overheads to jobs using cost drivers.

First an Activity Center where costs accumulate is identified these can be several in our scenario we have four Activity Centers.

Then the Cost driver rate is calculated for each Activity Center. Our question has provided these.

The final step is to allocate the overheads to a particular job using the cost driver rate.

7 0
3 years ago
Person defines a person waiting for a heart transplant. This class is already written for you. SurvivabilityByAge defines the ra
VLD [36.1K]

Answer:

Explanation:

A heart transplant is a surgical procedure that replaces the person’s heart with a donor heart. A person may require a heart transplant for several reasons including congenital, arterial and muscle diseases or for unforeseen reasons such as accidents or viral infections.

The donor heart is matched to the recipient by blood type. More variables are also used to decide which recipient receives a heart if there are not enough hearts available for all recipients waiting for a transplant. The variables included in the decision may include the recipient state of health, cause of the heart condition and the urgency of the transplant.

The main goal of this project is for you to write a matching function that receives as a parameter the number of available hearts for transplant and will output all the recipients ranked in order of precedence.

8 0
3 years ago
What occurs when the cyclical unemployment rate is zero ?
natka813 [3]
The economy is consider to be at full employment. 
7 0
2 years ago
Now, assume that Addison’s savings institution modifies the terms of her account and agrees to pay 5.8% in compound interest on
love history [14]

Answer:

Addison will have $ 1,661 in her account in nine years.

Explanation:

This problem requires us to calculate value of our investment of $ 1000 dollars after nine years. The interest on the investment is 5.8% compounded annually.

This problem can be solved by using simple compounding formula given below.

Future Value = Present Value (1+interest rate%)^-period

Future Value = 1,000 (1+5.8)^9

Future = $ 1,661

5 0
3 years ago
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