1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tatuchka [14]
2 years ago
14

If the minimum wage is set above the equilibrium wage, then Group of answer choices more people will work than at the equilibriu

m wage. the same number of people will work as at the equilibrium wage. fewer people will want to work than at the equilibrium wage. there will be fewer labor hours purchased by employers than at the equilibrium wage. none of the above
Business
1 answer:
netineya [11]2 years ago
7 0

Answer:

there will be fewer labor hours purchased by employers than at the equilibrium wage. none of the above

Explanation:

Equilibrium in economics means balance. Equilibrium wage rate refers to the market wage rate where the quantity of labor supplied matches the labor demanded. It is the wage rate that employers are willing to pay, and workers are ready to accept each hour of labor. The equilibrium wage represents the intersection of labor demand and supply curves.

If the wage is set above the equilibrium rate, it will force employers to pay more than they are willing. Employers will be paying more to workers than the value they are receiving. The hiring of many workers will be uneconomical. Employers will hire fewer workers to keep their costs down.

You might be interested in
Angus, a recent university graduate of Scottish descent, was refused employment at Barlen Inc. because he failed to achieve a hi
jarptica [38.1K]

The correct answer is 3; No, because the Civil Rights Act of 1991 makes it an unfair employment practice for an employer to use different cutoff scores in an employment-related test on the basis of a protected trait.

Further Explanation:

The labor law, Civil Rights Act of 1991, is to protect employers from discrimination in the work force. Employees now can have a trial by jury and can sue for job related emotional stress. There is also a limit on how much the employee can be rewarded.

Employers are not allowed to discriminate based on the test scores that are used to gain employment. The tests must be the same for everyone and can't be changed to have different cut-off scores for any race such as the Scottish-decedent in the question. That would violate the law and make it unfair for other applicants on the job that aren't descended from Scottish people.

Learn more about the Civil Rights Act of 1991 at brainly.com/question/8399959

#LearnwithBrainly

6 0
3 years ago
Given the following, calculate total manufacturing costs: Direct materials cost: $62,000 Direct labor cost: $78,000 Manufacturin
Nesterboy [21]

Answer:

a) $186,000

Explanation:

The computation of the total manufacturing cost is shown below:

= Direct material cost + direct labor cost + manufacturing overhead applied

= $62,000 + $78,000 + $46,000

= $186,000

Hence, the  total manufacturing cost is $186,000

Therefore the correct option is A.

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

4 0
3 years ago
Which of the following is an example of a soft skill?
netineya [11]

helping a costumer by answering a question

5 0
3 years ago
Matsuzaka Company uses the allowance method to account for uncollectible accounts. An account that had been previously written-o
ruslelena [56]

Answer:

D. Have no effects on liabilities,assets,or equity

Explanation:

The Entry for recovered written-off account receivable is

Dr. Cash                                           $xxx

Cr. Allowance for Doubtful debts  $xxx

Debit Entry in the cash account will increase the assets balance. Credit entry in the Allowance account will reduce the balance of a contra asset account. which is adjusted in the receivable balance to calculate the net receivable balance. Increase in one asset as cash and decrease in other as account receivable will result in net impact of zero.

So overall there is no impact on the Assets, Equity and Liability of the company.

7 0
3 years ago
Read 2 more answers
Which of the following is NOT a part of the business case for why companies should act in a socially responsible manner? A. Acti
yarga [219]

Answer:

D

Explanation:

6 0
3 years ago
Other questions:
  • Which of the following is not a factor of production?
    7·2 answers
  • An MNC uses which international strategy for entering a foreign market by purchasing another company already operating in the ar
    14·1 answer
  • Theresa leased a one-bedroom apartment from Landlady for one year at $500 per month. After three months, she vacated the apartme
    9·1 answer
  • A lender determines that a homebuyer can afford to borrow $220,000 on a mortgage loan. The lender requires an 85% loan-to-value
    11·1 answer
  • Both the inventory conversion period and payables deferral period use the average daily COGS in their denominators, whereas the
    5·1 answer
  • The probability that house sales will increase in the next 6 months is estimated to be 0.25. the probability that the interest r
    10·1 answer
  • Consider the following data for a closed​ economy: Y​ = ​$12 trillion C​ = ​$8 trillion G​ = ​$2 trillion Spublic​ = ​$negative
    10·1 answer
  • _____ is an approach to personal selling that assumes that the buying process for most buyers is essentially identical and that
    11·1 answer
  • Explain where in the U.S. balance of payments an entry would be recorded for each of the following:
    12·1 answer
  • Managers at Umbrella Corporation, a firm in East Asia, want to make their company a global leader in business process outsourcin
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!