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dsp73
4 years ago
13

Why is minimum wage above equilibrium?

Business
2 answers:
forsale [732]4 years ago
6 0

Answer: The correct answer is A

Explanation:

Hatshy [7]4 years ago
3 0

Answer:

A) Minimum wage is a price floor with a surplus of job seekers.

Explanation:

The minimum wage is the lowest wage a company can pay for an employee.

It is established by law and is reassessed every year based on the cost of living of the population, its creation was made based on the minimum amount that a person spends to guarantee their survival.

In addition, it is said that the minimum wage is above the market's level of equilibrium in relation to a possible excess of employability. More concisely, we can say that the minimum wage is above balance because the minimum wage is a price floor with a surplus of job seekers.

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Whenever there is a shortage at a particular price, the quantity sold at that price will equal:_____.
Luda [366]

Whenever there is a shortage at a particular price, the quantity sold at that price will equal <u>more than the quantity supplied at that particular price.</u>

<u />

Magnitude (how a lot) and multitude (what number of), the two primary types of portions, are similarly divided as mathematical and bodily. In formal terms, quantities—their ratios, proportions, order, and formal relationships of equality and inequality—are studied by using arithmetic.

Quantity, similar to variety, can be used for singular or plural nouns that you may depend on or degree. the principle distinction is that it is satisfactory to apply an amount whilst you're speakme approximately an inanimate object. but, there are instances wherein you may use quantity and wide variety interchangeably, especially whilst the noun is plural.

Quality is a judgment of how exceptional something or a person is. An example of best is a product that might not ruin without problems. An example of nice is a nicely-made product. diploma or grade of excellence.

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7 0
2 years ago
A way that traditional retailers can compete with online retailers is to: Multiple choice question. use franchises that deliver
Arisa [49]

In order to compete with the online retailers, the traditional retailers can use franchises that deliver, require an administered system for all, and increase their market share.

<h3>Who is a retailer?</h3>

A manager or owner of a business organization or a unit that specializes in selling of products to their customers, which they procure from the supplier, is known as a retailer.

Hence, options A, C and D hold true regarding the traditional retailers.

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7 0
3 years ago
What is the future value of your money
GalinKa [24]
Future value<span> is the </span>value<span> of an asset at a specific date. It measures the nominal</span>future<span> sum of </span>money<span> that a given sum of </span>money<span> is "worth" at a specified time in the</span>future<span> assuming a certain interest rate, or more generally, rate of return; it is the present </span>value<span> multiplied by the accumulation function.</span>
4 0
3 years ago
Read 2 more answers
Freddie's Market offers customers tissues, canned goods, napkins, and various detergents in basic packaging with no identified b
Irina-Kira [14]

Answer:

True

Explanation:

Generic goods are the products which are named by their product type. The store have many generic goods with lower prices than nationally known brand names. Freddie's Market is also offering its customers generic goods like tissues , napkin and various detergents with no specific brand name. These goods will be less expensive than the brand labelled goods.

3 0
3 years ago
Due to the presence of diminishing returns to capital, doubling the amount of physical capital available for one worker to use w
Ainat [17]
Had to look for the options and here is my answer:

Because of the existence of diminishing returns to capital, increasing the physical capital amount by two that is available for one worker to utilize will enlarge the outcome by less than a factor of two. 
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3 years ago
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