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sp2606 [1]
3 years ago
6

The minimum wage in 2008 was $6.55 cents until july 2008 when it was raised to $7.25. if the minimum wage in june was below the

equilibrium wage and the increased wage in july was above the equilibrium wage, then the deadweight loss was greater in june than in july. firms' producer surplus was greater in june than in july. employment of low-skilled workers increased in july. unemployment was unaffected by the increase.
Business
1 answer:
eimsori [14]3 years ago
7 0
<span>The answer in the blank is that employment of low-skilled workers increased in July. This is because the rate of the minimum wage increased by July compared to that of June. So there will be more employment process due to the increase of the salary, because more skilled workers wants to grab the opportunity of the increased salary.</span>
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Your project requires new software. The IT department is going to research options to identify the best solution to work with yo
kondaur [170]

<u>Answer: </u>Consult

<u>Explanation:</u>

RICA is the acronym for Responsibility, Inform, Consult and Accountability. For different projects different categories are provided based on their requirement of involvement in the project. In the new project the IT department in the company provides inputs such as new software application. This work falls under consult in RICA matrix.

Responsibility is based on completion of the given work. Accountability to provide a final answer for the work done. Consult is providing feedback and contribution to the activity. Inform to person who requires information update.

8 0
3 years ago
Russ Wyant owned Humble Ranch in Perkins County, South Dakota. Edward Humble, whose parents had previously owned the ranch, was
Leona [35]

Answer:

Cosnider the following text.

Explanation:

In accordance with the United Stated Contract Law, peformance must form an integral part of the contract and any of it's clauses, along with consideration for the same.

As seen in the case above, specific provisions in the contract provide for the possibility of the seller becoming the buyer's lender by matching the terms of the proposed financing. However, it must be understood that a decision taken about the same by either one party is not binding on the other, and comes into effect only if it is mutually agreed upon under the same terms.

In the case above, Russ' uncle, Edward has exercised his two year option to buy the land from Russ, which if exercised, gave the parties 30 days to conclude the sale. However, as seen in the question, Russ's uncle, Edward was unresponsive to Russ' proposed purchase plan, indicating that he was aware of the terms of the contract and Russ' proposal, yet chose not to act on it. However, owing to the time clause in the contract, failure to respond an come to an agreement by either of the parties within the specified time, would render it void. Furthermore, Edward did not advise Russ on the financing terms pertaining to the contract before it's expiry, indicating that he had no interest in performing the contract.

Therefore, it should be understoof that Edward is not entitled to specific performance as a remedy in this case, as it is his fault and not Russ' fault for the non-performance of his part of the contract. He does not have any remedy at all, unless he is able to prove beyond reasonable doubt that Russ had not made efforts to communicate with him. Russ on the other hand, can sue Edward according to the terms of the contract and seek damages accordingly.

6 0
3 years ago
Define return economics.​
lianna [129]

Answer:

also known as a financial return, in its simplest terms, is the money made or lost on an investment over some period of time. A return can be expressed nominally as the change in dollar value of an investment over time.

Explanation:

4 0
3 years ago
Explain why the demand for a particular brand of apple juice is elastic.
aniked [119]
Elastic demand that can also be called demand elasticity refers to how responsive the demand for this brand of apple juice is by change of prices and consumer income. if they sell out a higher amount of apple juice from customers than usual, then they’d probably sell it for a higher price.
6 0
3 years ago
Manning Company issued 10,000 shares of its $5 par value common stock having a fair value of $25 per share and 15,000 shares of
Setler79 [48]

Answer:

$240,909

Explanation:

Given:

Number of common stocks issued = 10,000

Value of common stock = $5

Fair value per share = $25

Number of shares of $15 par value = 15,000

preferred stock having a fair value of $20 per share = $530,000

Total market value of the stocks = 10,000 × $25 + 15,000 × 20 =  $550,000

Now,

The proceeds that would be allocated to the common stock will be

= \frac{\textup{Total fair value of common stocks}}{\textup{Total maket value of the stocks}}\times\textup{Preffered value of total stocks}

= \frac{10,000\times25}{550,000}\times530,000

= $240,909

4 0
3 years ago
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