1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dmitry_Shevchenko [17]
3 years ago
7

A small town has few available workers, and unemployment is low. A family-owned restaurant in town has just had a very good year

in profits and would like to hire additional wait staff to meet higher demand. Based on what you know of how worker earnings are determined, which of the following will most likely happen?
Business
2 answers:
Sonbull [250]3 years ago
7 0
Below are the choices that can be found elsewhere:

The restaurant will post strict education requirements for new hires. 

The restaurant will offer a lower wage than other comparable businesses in the area. 

The restaurant will decrease pay for existing workers. 

The restaurant will offer a higher wage than other comparable bu


The answer is "<span> The restaurant will offer a higher wage than other comparable bu"</span>

Rufina [12.5K]3 years ago
7 0

Answer:

The restaurant will offer a higher wage than other comparable business

Explanation:

Since the law of supply and demand states, the more the offer the lesser the price, but when supply remains constant and demand increases the prices tend to increase as well due to this problem of limited supply, so people starts to pay more for the same service or product in order to be able to have it, when this restaurant starts to need more workers and there is a limited amount in the town, they will have to pay more than a regular business in other place in order to be able to be attractive to workers.

You might be interested in
When nations specialize their production processes and engage in international trade, firms in those economies are able to enjoy
erik [133]

Answer:

A.TRUE

Explanation:

The statement is true because under international trade, firms are able to take advantage of the lower costs of materials, labor, and other factors of production, thanks to international trade.

For example, if country A is good at producing paper, and country B is good at logging, firms from country A will import the pulp from country B at lower prices, and thus, will spend less in making the paper.

Also, when firms expand capacity, they benefit from economies of scale: the general reduction in average production costs as output capacity expands.

6 0
4 years ago
Read 2 more answers
Which is the best description of authorized shares?
Flura [38]

The best description of authorized shares is he total amount of shares that can be publicly traded.

<h3>What are shares?</h3>

Shares are refers as  common equity interest in a firm. Dividends from any earnings the business may make are payable to shareholders.

Authorised shares is refers as number of shares legally permitted  to offer to investors. It also helps to decide how many of  shares are available to issue to investors.

Learn more about shares, here:

brainly.com/question/13931207

#SPJ1

7 0
2 years ago
Why do basketball players switch teams?<br> Why do they have to sign a paper when they do that?
Anika [276]

It varies from player to player, some do it for better pay and some do it because they don't like the team their with. They have to sign papers because there transferring their services to another franchise, and are agreeing to new terms of contracts. Things that are disclosed in the contracts are things such as payment and how many years they will be bonded by the contract.

6 0
3 years ago
In order to deal with the financial problems inherent to the current Social Security system, President Waldhart proposes that an
marysya [2.9K]

Answer: means test benefit

Explanation:

A means test is used to determines whether an individual or a household will be eligible to get some payments or benefits.

An example is the one illustrated in the question whereby President Waldhart proposes that anyone making over $150,000 would receive no benefits.

7 0
3 years ago
How does a market economy operate?
Tanya [424]

Answer:

The principle of market economy dictates that producers and sellers of goods and services will offer them at the highest possible price that consumers are willing to pay for goods or services. When the level of supply meets the level of demand, a natural economic equilibrium is achieved.

Explanation:

5 0
3 years ago
Other questions:
  • On the other hand, negotiators who do not believe anything that the other party tells them will have a very difficult time reach
    15·1 answer
  • A tariff is a tax on exported goods.<br> a. True<br> b. False
    12·1 answer
  • Marie's Fashions is considering a project that will require $39,000 in net working capital and $68,000 in fixed assets. The proj
    6·1 answer
  • A lottery claims its grand prize is ​$5 ​million, payable over 5 years at ​$1 comma 000 comma 000 per year. If the first payment
    13·1 answer
  • Marcie works as a salesperson for a major cosmetics manufacturer. She typically begins by approaching potential customers with v
    10·1 answer
  • Torch Industries can issue perpetual preferred stock at a price of $71.00 a share. The stock would pay a constant annual dividen
    5·1 answer
  • Speedster Bicycles, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale.
    15·1 answer
  • You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of .5 percent per year, co
    10·1 answer
  • Just like what Truman Burbank form the movie named truman show: Good morning, and in case I don't see ya, Good afternoon, good e
    8·2 answers
  • In order for the economy to be strong, businesses must _____.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!