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Gekata [30.6K]
3 years ago
6

Suppose that the market for low-wage labor is perfectly competitive and initially in equilibrim. If the government establishes a

n effective minimum wage, which of the following will ocur?
Business
1 answer:
Simora [160]3 years ago
8 0

Answer:

Employment of low wage workers will decrease and which in turn increase the unemployment.

Explanation:

Perfectly competitive labor market, is the one which is described as the composite of many firms or companies that are in the competition for the workers. The firms will not be in power to set the wages for the workers, the market also determines the competitive wage.

But if this is a low wage labor and on that the government establish or form the minimum wage then it will result in the employment of the low wage workers will decrease and the consequence of which is increase in the unemployment.

Note: Options are missing so providing the direct answer

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3 years ago
A C corporation earns $ 9.20 per share before taxes and the company pays a dividend of $ 4.00 per share. The corporate tax rate
alexgriva [62]

Answer:

The answer is $4.27

Explanation:

Solution

Given that:

AC corporation earns = $9.2 per share

Pays a dividend of =$4.00

The tax rate (Corporate ) is​ =39%

The tax rate on personal dividends is​= 15%

The tax rate for non-dividend personal  income is​ = 36%

Now,

We must find the after tax rate amount  of after tax rate an individual or a person would earn from the dividend

Thus,

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Personal tax = $4.00 * 15% = 0.6

Now we find the total for the after tax rate

Total = $3.67 + $0.6

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Therefore, the after tax rate an individual or a person would earn from the said divided is $4.27

6 0
3 years ago
CII, Inc., invests $630,000 in a project expected to earn a 12% annual rate of return. The earnings will be reinvested in the pr
Gelneren [198K]

Answer:

$1,956,684

Explanation:

As the project has a expected annual return, we have to calculate future value of this investment to find how much money Cll, Inc. will have after 10 years to reinvest.

We know,

FV = PV × (1 + i)^{n}

Given,

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Number of period, n = 10 years

Putting the value into the above formula, we can get,

FV = $630,000 × (1 + 0.12)^{10}

FV = $630,000 × 3.105848

FV = $1,956,684

$1,956,684 can be reinvested after the liquidation of 10 years.

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4 years ago
What would NOT be part of making a comparison?
Zielflug [23.3K]

The correct answer would be answer choice <u>C. determining the qualities.</u>

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Hope this helps.

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3 years ago
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