Answer:
a a. surplus of low-skilled labor.
Explanation:
Minimum wage is a form of price floor. A price floor is the minimum price that a good or service can be bought.
Price floors (minimum wage ) is usually set above equilibrium price. This increases the supply of labour but decreases the demand for Labour. As a result , there would be a surplus of low skilled labour.
I hope my answer helps you
Answer:
Coolco, because firms that face stiff competition at home tend to do better abroad
Explanation:
Midas Touch should invest in Coolco company. Stiff competition faced by Coolco means that the domestic market is oversaturated and therefore venturing into global economies will give it first-movers advantage hence gaining a competitive edge above its competitors. In the perspective of an investor, this could translate into high returns due to exposure into global economies. For Barker manufacturer, it still has a good chance to expand domestically and may not yield high returns for the venture capital firm.
Answer:
Mark will have $19,878.70 at the end of six years
Explanation:
Use the following formula to calculate the present value of cash flows
PV = ![A [\frac{1 - (\frac{1+g}{1+r})^n }{r - g} ]](https://tex.z-dn.net/?f=A%20%5B%5Cfrac%7B1%20-%20%28%5Cfrac%7B1%2Bg%7D%7B1%2Br%7D%29%5En%20%7D%7Br%20-%20g%7D%20%5D)
Where
A = Investment = $2,000
g = growth rate = 4%
r = 15%
n = 6
Placing values in the formula
PV = ![2,000 [\frac{1 - (\frac{1+0.06}{1+0.15})^6 }{0.15 - 0.06} ]](https://tex.z-dn.net/?f=2%2C000%20%5B%5Cfrac%7B1%20-%20%28%5Cfrac%7B1%2B0.06%7D%7B1%2B0.15%7D%29%5E6%20%7D%7B0.15%20-%200.06%7D%20%5D)
PV = $8,594.11
Now calculate the future value in order to determine the amount Mark will have at the ned of six years
Future value = 
Where
PV = $8,594.11
r = 15%
n = 6
Placing values in the formula
Future value = 
Future value = $19,878.70
Answer:
A. The Worker Adjustment and Retraining Notification Act
Explanation:
As the Scooter Store notified its employees at 5pm on Friday that it is laying off two-thirds of its workforce as of today and told them not to come in on Monday. It failed to provided advance notice to anyone and in doing so likely violated the Worker Adjustment and Retraining Notification Act 1988 where workers are required to be provide with the 60 day notification in advance if the organization does not want their services any more. But here in this case the Scooter Store has totally violation this act by not providing them with the advance notice.
