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yulyashka [42]
3 years ago
12

The federal minimum wage law requires that most workers be paid at least $5.15 per hour. a governor of a small industrial state,

in which the standard of living is considerably below national levels, perceives that some employers might be willing to hire more workers if the amount were lowered. in order to increase the general welfare of the citizens of this state, he proposes to the legislature a bill lowering the minimum wage in certain industries and especially for certain age groups. such a state act would probably be declared unconstitutional because of
Business
1 answer:
Art [367]3 years ago
4 0
Age discrimination. .
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If the current exchange rate is 1 euro to 1.5 U.S dollars, according to the theory of purchasing power parity, a haircut that co
STALIN [3.7K]

Answer: (1) 10 euros (2) 15dollars

Explanation:

S= P1 /P2

where:

S= Exchange rate of currency 1 to currency 2

P1 = Cost of good X in currency 1

P2 = Cost of good X in currency 2

(1) s = 1.5, P1 = 15 dollars, P2 = ???

so,

1.5 = 15 / P2

P2 = 15/1.5 = 10 euros

Hence, according to the theory of purchasing power parity,

The price of a haircut that cost 15 dollars in Dallas will be 10 euros in Paris.

(2) S = P1/P2

taking 1 euro to 1.5dollars exchange,

1.5 = P1/P2 but P2 = 10 euros

hence P1 = 1.5 x 10 = 15 dollars.

Hence, according to the theory of purchasing power parity,

A wheel of French cheese that costs 20 euros in Paris should cost 15dollars in Dallas

4 0
3 years ago
quality control activity analysis indicated the following four activity costs of a hotel. Verifying credit card information $52,
trapecia [35]

Answer:

The total cost of quality is $ 313200

Explanation:

First we need to distinguish the costs and allocate them to the correct category for the cost of quality report.

We have verifying credit card information of $52200

Customer service training of $104400

Discounting room rates due to poor service $ 156600

The 4 categories of cost of quality report are Prevention Costs, Appraisal Costs, Internal Failure costs and external failure costs.

Conforming Costs

Customer service training - prevention costs. - $104400       1,53% of total sales

Verifying credit card information - appraisal cost - $52200   0,76% of total

Non-conforming costs

Internal Failure

External Failure costs

Discounting room rates due to poor service $ 156600          2,3% of total sales

Total cost of quality                                          $ 313200         4,6%  of total sales

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3 years ago
For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP
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Dina's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. INCREASES EXPORTS (X) AND INCREASES THE GDP

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Charles's employer upgrades all of its computer systems using U.S.-made parts. INCREASES INVESTMENT (I) AND INCREASES THE GDP

The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. INCREASES GOVERNMENT EXPENSES (G) AND INCREASES THE GDP

Dina gets a new refrigerator made in the United States. INCREASES CONSUMPTION (C) AND INCREASES THE GDP

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3 years ago
The supply curve for oil shows:
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Supply of oil at different prices of other goods.
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What is one of the negative effects of globalization?
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I believe the answer is B! Let me know if I am right:)
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