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3 years ago

Which choice BEST describes what might happen to unemployment rates, if minimum wage laws were repealed?

Business

2 answers:

Ivenika [448]3 years ago

8 0

Answer:

the short term, unemployment rates would drop drastically.

Flauer [41]3 years ago

7 0

Answer:

In the short term unemployment rates would depend on other market factors

Explanation:

when minimum wage laws are made in congress and they are repealed by the people. it means that the status quo based on minimum wage will be maintained. the people already in the labor market will as well remain in labor market.

The repealing of the minimum wage laws by the people would affect the employers of labor either positively or negatively because the minimum wage law might be for an increase or a decrease of the minimum wage been paid by labor. hence you cannot determine how exactly the employers of labor would react to employment and unemployment hence in the short terms unemployment rates would depend on other market factors.

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Define the law of demand in a perfectly competitive market

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Is a microeconomics law that states, all other factors being equal, as the price of a good or service increases, consumers demand for the good or service will decrease, and vice versa

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3 years ago

JT Inc. produces gourmet frozen dinners for the airline industry. JT has fixed costs of $200,000 and variable costs of $8 per fr

nadezda [96]

Answer:

The operating profit for this year amounts to $ 550,000

Explanation:

Operating Profit is computed below as:

Operating Profit = Revenue - Expense (Fixed Cost + Variable Cost)

= $1,950,000 - ($200,000 + $1,200,000)

= $1,950,000 - $1,400,000

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3 years ago

Your family's house needs a new roof. in order to find out which roofers are reliable and charge fair prices, your family should

Alchen [17]

Your family should call your local Better Business Bureau. Hope this helps.

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3 years ago

The cost C and the revenue R for a brokerage firm depend on the number T of transactions executed. (Both C and R are measured in

marusya05 [52]

Answer:

C(T) = $730 + $25T

R(T) = $35T

T = 193 transactions

Explanation:

Given that:

C = cost ; R = revenue ; T = number of transactions

Amount paid per transaction = $25

Cost keeping office open = $730

Amount collected on each transaction = $35

(a) Find a formula that gives C as a function of T.

C(T) = Cost of keeping office open + (cost per transaction × number of transactions)

C(T) = $730 + $25T

(b) Find a formula that gives R as a function of T.

R(T) = (Amount collected per transaction * number of transactions)

R(T) = $35T

R = C + 1200

Substitute the value of R and C into the equation:

35T = 730 + 25T + 1200

35T - 25T = 730 + 1200

10T = 1930

T = 1930 / 10

T = 193 transactions

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3 years ago

The marketing team of a regional airline company plans to launch a new marketing campaign to draw more customers to its flights.

MrMuchimi

Explanation:

1. advertising 

2. distribution 

3. well crafted

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3 years ago