Answer:
price floor, causing excess supply in the market.
Explanation:
A number of states have a minimum wage that is higher than the federal minimum. In those states that impose such a minimum wage, it is more likely that the minimum wage acts as a binding price floor, causing excess supply in the market.
A price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.
Price control can be defined as standard restrictions or regulatory conditions that are typically set and enforced by the government of a country.
This ultimately implies that, price controls are used to impose the minimum and maximum prices set by the government, which are to be charged for various goods and services in the market. This minimum price that can be charged such as minimum wage is known as price floor while the maximum price that can be charged such as rent control is known as price ceiling.
Answer:
$42
Explanation:
FUTA is calculated on taxable wages that fall under $7000 in the quarter. Income above the $7000 limit are not taxed
FUTA rate = 0.6%
Quarterly salary $38,400 $29,600 $16500 $8,900
Basis for FUTA $7000 $7000 $7000 $7000
FUTA $42 $42 $42 $3
First deposit =$42
Answer:
The amount of the cost of goods sold for this sale is $386
Explanation:
For computing the cost of goods sold, first, we have to find out the per unit of the cost which is shown below:
Per unit of cost = (Total purchase cost) ÷ (total units purchased)
where,
Total purchased units = Number of units × purchase price per unit + Number of units × purchase price per unit
= 30 units × $11 + 35 units × $13
= $330 + $455
= $785
And, the total units purchased equal to
= 30 units + 35 units
= 65 units
Now put these values to the above formula
So, the per unit would equal to
= $785 ÷ 65 units
= $12.07 per unit
So, the cost of goods sold equal to
= Number of units sold × per unit
= 32 units × $12.07 per unit
= $386.46
Answer: um I don’t know who you want for a middle name but are you talking about “Jonathan Charles Peters Johnson” I guess that what you want
Explanation: Hope this help ;)
Answer:
The answer is explained below
Explanation:
Economic liberty is the process in which individuals of a society make their own economic decisions. This involves freedom to produce, trade, invest or use any goods or services they desire. Economic liberty involves profiting from ones own ideas and creativity.
Economic liberty supports the free enterprise because people are given the ability regulate the prices of goods and services, import and export goods and own private properties without the intervention of the government.
