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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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It takes a total of 475 seconds for one technician to assemble one airrules smart phone, working alone. however, airrules manufa
maks197457 [2]
<span>Normally if one tecnician takes 475 seconds to assemble one air rule smartphone. Then it would take. 20 technicians X secs to do the same So It would take 20 tecnicians X secs = (20 * 475) / 1 = 9500 secs. I. e it takes 20 technicians 9500 secs to manufacture a smartphone. But airrules uses 20 technicians to manufacture the same phone in only 30 secs. So its efficiency would be: Number of secs it takes the 20 techician to manufacture the phone * efficiency = Normal of hours it would usually take 20 techician to manufacture the phone. So we have 30 * X = 9500 X = 9500/30 = 316.777. So they are 316.667 times as efficient.</span>
6 0
3 years ago
a. As far as the tax code is concerned, HeadBook will increase its expenses by $5,000 in either case. If it pays for the policy,
polet [3.4K]

Answer: $1,750

Explanation:

Incurring a health insurance cost of $5,000 or increasing salaries by $5,000 will have the same effect on the taxes because they will both be removed from the income before the taxes are calculated.

The reduction in tax in either case is:

= Expense * Tax rate

= 5,000 * 35%

= $1,750

8 0
3 years ago
How does Ms Helen set the goal in her business?​
jarptica [38.1K]

Answer:

A plan

first your gonna have plan

8 0
3 years ago
One year ago, the Jenkins Family Fun Center deposited $4,800 into an investment account for the purpose of buying new equipment
posledela

Answer:

$25,778

Explanation:

During the first year, $4,800 were deposited. Using the future value of an investment formula, after one year, this amount becomes:

X = 4,800 (1+0.09)

  = 5,232

Now, they add $6,600 to that amount. Now we have a total of:

6,600 + 5,232 = 11,832

During year two, the amount above becomes:

X = 11,832 (1+0.09)

  = 12,897

And at the end of year two, $8,800 are added. Now we have a total of:

12,897 + 8,800 = 21,697

During years three and four, that amount finally becomes:

X = 21,697 (1+0.09)^2

   = 25.778

Thus, after four years, the Jenkisn Family Fun Center will have $25,778 to buy the equipment.

3 0
3 years ago
The sole purpose of an operating model is to define how all the businesses technology will be implemented
Olenka [21]

The sole purpose of an operating model is to define how all the businesses technology will be implemented is a False statement.

<h3>What is operating model?</h3>

The plan for how value will be produced and provided to target customers is known as an operating model. An operating model puts the business model into action and carries it out.

The purpose of operating model are-

  • Strategic intent is converted into operational capability by an operating model.
  • It acts as the cornerstone for execution and offers the enterprise leadership team, line managers, and operational teams a clear direction.
  • While not the strategy itself, an operating model aids in its development and reinforcement.
  • An operational model is a diagram that shows how a business operates.
  • It covers everything, from the company's product sourcing practices to the organization of its functional regions and departments.
  • Your strategy can be carried out according to an operating model.
  • Many people mistake operating models with business models.

To know more about business model, here

brainly.com/question/24448358

#SPJ4

The complete question is -

The sole purpose of an architecture operating model is to define how all the businesses technology will be implemented. (True/False)

5 0
1 year ago
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