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belka [17]
4 years ago
6

1. Suppose the equilibrium wage for unskilled workers in New Jersey is $7 per hour. How will the wages and employment of unskill

ed workers in New Jersey change if the state legislature raises the minimum wage from $5.15 per hour to $6 per hour?
Business
1 answer:
Eva8 [605]4 years ago
8 0

Answer:

Consider the following explanation.

Explanation:

Marginal product MP is the increase in production of good because of unit increase in labor. Value of marginal product VMP is the increase in value of production of goods because of unit increase in labor.

The minimum wage is a regulation where the person who hired the labor needs to pay minimum wage and cannot pay below that. Here, the minimum wage is below the competitive market rate so it will not make any difference because the workers are already getting $7 as wage which is more than the minimum wage which is $6.

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If Food Markets were to acquire Meat Processors, the acquisition would be classified as a _____ acquisition.
EleoNora [17]

Answer:

a. Vertical

Explanation:

The vertical acquisition means the acquisition where the company purchased one of the suppliers. Like the manufacturing company buys the product i.e. not fully developed so here for fully developed the company purchased out its supplier so this we called as a vertical acquisition

Now as per the given situation since the food markets would be purchased Meat processors so this represent the vertical acquistion

hence, the correct option is a.

5 0
3 years ago
Assume for this problem that the price of gold is $1,200 per troy ounce. If the price of silver is $20 per troy ounce, how many
ValentinkaMS [17]

Answer:

3.75

Explanation:

Given;

Price of gold = $1,200 per troy ounce

Price of silver = $20 per troy ounce

Therefore,

1200/20 = 60 pieces of silver is worth one troy ounce of gold but;

1 ounce = 0.0625 pounds

60 ounces = 60 ×0.0625

= 3.75

Therefore a 3.75 pounds of silver is worth single troy ounce of gold.

4 0
4 years ago
MC algo 8-18 Valuing Stock Asonia Co. will pay a dividend of $5.10, $9.20, $12.05, and $13.80 per share for each of the next fou
Lostsunrise [7]

Answer:

d. $31.19

Explanation:

The computation of the stock price is shown below

Stock Price is

= [$5.10 ÷ (1 + 0.094)^1 + $9.20 ÷ (1 + 0.094)^2 + $12.05 ÷ (1 + 0.094)^3 + $13.80 ÷ (1+0.094)^4]

= $4.66 + $7.69 + $9.20 + $9.63    

= $31.19

hence, the option d is correct

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