Answer:
a. John works the night shift,and night hours are less desirable for most workers.
Explanation:
The Equal Pay Act of 1963 established that employees must earn the same wage for similar jobs performed regardless of their gender. This means that you cannot pay someone more for being a men if the job done is the same. If any difference in wages exist, it must be justifiable in some way, e.g. different responsibilities, different labor conditions, serve different markets, etc.
In this case, since fewer people want to work on the night shift, in order to attract workers, the company might pay more for doing so. US laws does not require for night shifts to be paid higher wages, but the law of demand and supply might be responsible for the higher wages (demand and supply of labor).
Answer:
Yes, the results are the same in both frameworks. Please see below for explanation.
Explanation:
With regards to the bond supply and demand framework, people will look to buy more bonds since they are more wealthy now. Hence, the supply of bonds will increase. The supply curve and the demand curve will both move to the right, with the former shifting more than the latter. The equilibrium interest rate will increase.
With regards to the liquidity preference framework, once the economy experiences a positive shift, there will also be an increase in the demand for money. People will make an increased number of transactions as well and hence, the demand curve will move towards the right. The equilibrium interest rate will rise too.
Answer:
D. Southland's real GDP per person will eventually be greater than Northland's.
Explanation:
If we compare the expansion of the GDP per person of both countries in the long run -100 years from now-, eventually, southland's real GDP will be greater.
Northland: 30.000 * (1 + 1%) ^ 100 = $81.144
Southland: 10.000 * (1 + 3%) ^ 100 = $192.186
<h3><em>
</em></h3><h3><em>
Despite Southland is 3 times greater than Northland GDP per person, the consistent and greater rate of growth let us conclude that Southland's real GDP per person will eventually be greater than Northland's.</em></h3>
Answer: $489,000
Explanation:
Amount of sales required = (Fixed cost + Desired operating income ) / Contribution margin ratio
Contribution margin ratio for Cover-to-Cover Company:
= Contribution margin / sales
= 77,800/ 389,000
= 20%
Desired operating income = Current income + income increase
= 58,350 + 20,000
= $78,350
Amount of sales required:
= (19,450 + 78,350) / 20%
= $489,000
Answer:
d) Able did not terminate.
Explanation:
The partnership did not terminate. Poe and Dean leave the partnership but these transactions require the approval of the other partners.
Dean and Ritt agree to let Poe sale his share.
This new partner and Ritt agree to let Dean sold his participation. The Partner does not terminate. It moves on with the new partners.
