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andrew11 [14]
3 years ago
5

In a particular labor market, the demand for labor is given by W = 20 – (1 / 100)L, and the supply of labor is given by W = 4 +

(1 / 100)L, where W is the wage rate, and L is the number of workers. Suppose that the government decides to impose a minimum wage of $15. The wage will:
Business
1 answer:
djverab [1.8K]3 years ago
3 0
The wage will create surplus of workers since it is above the equilibrium wage.
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The answer is "venture capitalist".

Explanation:

The venture capitalists are a private equity adequate time and resources equity to companies with a high potential for growth in exchange for an equity stake. This might finance new companies or support local businesses that want to expand but don't have access to equity markets. It aims to generate returns to individual liability thru the financing of innovations and through the assistance of businesses.

8 0
3 years ago
Saturday afternoon you can either attend a street festival, work and earn $100, or study for your midterm exam. You flip a coin
Alik [6]

Answer:

The opportunity cost of the time spent studying includes: 2) the benefit that could have been received at the street festival

Explanation:

The cost of opportunity is the alternative that you sacrifice when you choose an option.  It represent the <u>benefits that you misses out</u> on when choosing one alternative over another.  

In this case,  the cost of opportunity is the  benefit that could have been received at the street festival,  because that is the option you leave behind.

Earning a high score on your midterm is the product of your decision

5 0
3 years ago
Based on your knowledge of pricing concepts, why does Warby Parker stress that the price tag for frames starts at $95
gladu [14]

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He is used to paying less for other things. He expected the glasses to be cheaper.

5 0
2 years ago
Presented below is the operating activities section of the statement of cash flows for Golden Consulting for 2016:
dimaraw [331]

Answer:

b. The indirect method

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Direct Method focuses on the Cash Inflows and Outflows related to the Operating activities to Calculate the Net Cash  flow from Operating Activities.These Cash flows results from Receipts from Customers and Payments made to Suppliers and Employees

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3 years ago
What are some arguments in favor of raising the minimum wage? On the other hand, what are some arguments against raising the min
Ede4ka [16]

Answer:

Explanation:

The main argument in favor regarding increasing minimum wage is that a higher wage will result into an increase in the standard of living of the people. Furthermore, a rise in the minimum wage can help in lifting people out I poverty. Due to higher wages and salaries, workers will have more money to cater for their families and meet their needs. Lastly, an increase in the minimum wage means that the government can reduce its expenditures on helping the low income earners and can therefore invest the money in other critical sectors of the economy.

The arguments against raising the minimum wage is that it can lead to inflation. Inflation in the rise in the price for goods and services. When there's an increase in minimum wage, sellers may increase the price of goods as there'll be more money to spend by households. Also, it can lead to losses of jobs as employersay have to cut down cost on order to be able to increase the wages of some workers and thereby may result in some workers being laid off.

Minimum wages lead to the reduction in the entry-level jobs that are available, and reduces the change of entry level graduates to get training, and lifetime income. According to Economists, minimum wages will result into decrease in the employment opportunities that are available for the youths and thereby create unemployment. Potential employees will miss out on the training that should have been done at the initial stage one is entering an organization.

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3 years ago
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