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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.

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The sales for​ January, February, and March are​ $150,000, $180,000 and​ $220,000, respectively. For any particular month of​ sa
Gekata [30.6K]

Answer:

Total cash= $193,000

Explanation:

Giving the following information:

Estimated sales ($):

January= $150,000

February= $180,000

March= $220,000

40% in cash from that same month of​ sales

50% in cash from the previous​ month's sales

10% in cash from the sales from two months ago

C<u>ash collection March:</u>

From March= 220,000*0.4= 88,000

From February= 180,000*0.5= 90,000

From January= 150,000*0.1= 15,000

Total cash= $193,000

3 0
3 years ago
What problems could develop if the us became too dependent on other nations for goods and services
xeze [42]

Answer:

TRADE DEFICIT

FOREIGN CURRENCY RESERVE DEPLETION

LOCAL CURRENCY DEVALUATION

RECESSION

POTENTIAL UNEMPLOYMENT

Explanation:

The problem that could develop if the U.S. became too dependent on other nations for goods and services are:

1. Trade deficit because when a country imports more than it exports it runs a trade deficit.

2. Foreign Currency Reserve Depletion: If the U.S. has to import so much from other countries, it will need to increase its foreign reserve because that is how it will pay for such imports. Otherwise the foreign reserve will be hugely depleted

3. Local Currency Devaluation. Reliance on exports can devalue the worth of the local currency because the demand of the foreign currency will be high in relation to local currency and people will be willing to pay more to get foreign currency, which will devalue the local currency

4. Recession: If the United States is reliant on OPEC countries for Oil and an embargo is placed on oil export from those, the U.S. will suffer a recession.

5. Potential Unemployment: Imports of finished goods will cripple local industries who will be forced to compete with the international firms whose goods and services are being imported; and those employed in such industries might loose their jobs, if the small local enterprises are unable to survive such competition.

8 0
4 years ago
The Economy Tomorrow Suppose a country’s GDP is $10 billion and the population is 2 million this year.
Sphinxa [80]

GDP per capita for this year is $5000

GDP per capita for next year  is $4760

GDP per capita for next year is $5100

<h3>What is the GDP per capita?</h3>

GDP per capita is the gross domestic product of a country divided by the total population of that country.

GDP per capita = GDP / population

GDP per capita for this year = $10 billion / 2 million = $5000

GDP per capita for next year  = $10 billion / ( 2 x 1.05) = $4760

GDP per capita for next year = (10 billion x 1.03) / ( 2 x 1.01) = $5100

To learn more about GDP, please check: brainly.com/question/15225458

#SPJ1

8 0
2 years ago
Suppose the U.S. National Marine Fisheries Services (NMFS) is considering implementing one of the two policies on fishers in the
enot [183]

Answer and Explanation:

A. NMFS will choose policy A (regulation). If NMFS chooses policy A, fisher will choose to pay the fine. If NMFS chooses policy B, fisher will choose to adjust his fishing behavior.

7 0
3 years ago
What is the input, conversion, and output of operating a summer band camp?
sesenic [268]
<span>Input is the object, the material, the information, land, equipment, money, knowledge we  fed into a process. 
Output is the created product (good or service) </span>that provide added value<span> to customers.</span><span> And the process that makes conversion from the input into the output is the o</span><span>perations management.
In our case the final product is operating a summer band camp. The input are materials, buildings (where the camp will be located), hiring staff, but also non-material things -advertising for example. The conversion is rebuilding, interviewing staff.. and the output is opened summer band camp, satisfied customers and hired staff . </span>
7 0
4 years ago
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