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tatuchka [14]
3 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]3 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.

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hi guys, can anoye one tell me the rigth answer? I cant find the answer anywhere. please tell the correct answer.
Romashka [77]

Answer:

Ben-ha-dad.

Explanation:

3 0
3 years ago
A high-end clothing manufacturer has a policy to inspect each article of clothing before it is shipped to customers. Recently, t
Dima020 [189]

Answer:

Examine the reliability of the process.

Explanation:

As a high end clothing company, it is a very good initiative and welcoming to have clothes that possibly posses global version and global value so it is good for such routine checks to be done. This could be tedious and cost the company more than usual.

In this case where there are a reasonable amount of such clothes failing these routine checks, it is not too good for the company as more re-evaluations are to be done in order to cub the rate at which this is in the last six months. This process of examining the reliability process is the company's best bet to tackle the issue they have at hand.

8 0
3 years ago
Suppose that GDP is $10,000, Consumption is $6,000, and Government spending is $1,500 with a deficit of $200. (Assume net export
Marta_Voda [28]

Answer:

private saving = $2700

Explanation:

given data

GDP = $10,000

Consumption = $6,000

Government spending = $1,500

deficit = $200

solution

we know here equation of GDP that is express as

GDP = Consumption + investment + Government spending   ...................1

we consider here tax revenue that is = T

T - Government spending = - deficit

T = Government spending - deficit

T = $1500 - $200

T = $1300

so we can say from equation 1

( GDP - Consumption - T ) + ( T - Government spending ) = investment

and investment = private saving + public saving

so private saving will be

private saving = GDP - Consumption - tax revenue  ................2

private saving = $10000 - $6000 - $1300

private saving = $2700

8 0
4 years ago
What statement is most accurate in describing the trend in manufacturing in the United States?
lisabon 2012 [21]
The correct answer is : C. Manufacturing jobs in the U.S have declined significantly

A lot of companies choose to manufacture their products in a developed country like China, south America, or the South East Asia, since they have a cheaper source of material and they can get cheaper workers since their cost of living is lower than the U.S


3 0
3 years ago
In ____ communication schemes the sender and receiver are linked and ready to send and receive
bazaltina [42]

Hello, Mandalou7124. Thanks for writing in.

You asked: In ____ communication schemes the sender and receiver are linked and ready to send and receive.

From that problem, you are asking to fill in the blank.

The answer that goes in the blank is Synchronous.

You would rewrite it like: In <u>synchronous</u> communication schemes the sender and receiver are linked and ready to send and receive.

Synchronous is like something is occurring but something else is happening at the same time. In this case, they are ready to send and receive.

7 0
3 years ago
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