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
Yuliya22 [10]
4 years ago
6

If the market equilibrium wage for entry-level fast-food workers is $10 an hour, while the minimum wage is $8, what impact does

the minimum wage have in this industry?
a. The minimum wage motivates more fast-food workers to seek jobs.
b. The minimum wage has no effect in this market.
c. The minimum wage encourages fast-food companies to hire fewer workers.
d. The minimum wage increases unemployment among fast-food workers.
Business
1 answer:
Mars2501 [29]4 years ago
7 0

Answer:

The minimum wage has no effect in this market

Explanation:

market equilibrium wage for entry-level fast-food workers = $10 per hourminimum wage = $8 per hour

impact does the minimum wage have in this industry is

whatever the minimum wage will be, it will have no effect on this market. The condition when labor market is in equilibrium is when supply equals demand.

Hence, The minimum wage has no effect in this market.

You might be interested in
Define organization and explain three of the characteristics of organization. Give three examples of organizations, try to inclu
Mekhanik [1.2K]

Answer:

Organization is arranging or coordinating especially in a business, society, or association aspect. Examples of organization could be:

1. Arranging a group of people who work in specific studies

2. Taking books by their genre, and putting them together

3. The economic pyramid, is the perfect example of an organization. Defining society by class.

5 0
2 years ago
Because the Rubber Division sustained a loss, Vanikoro is considering the elimination of this division. All of the division's tr
Anna11 [10]

Answer:

Decrease in Net operating income ($30,000)

Explanation:

The computation of the change in net operating income is shown below:

Particulars                        Rubber Division

Lost of Contribution margin  ($100,000)

Savings from avoidable fixed costs :  

Traceable fixed costs $70,000

Decrease in Net operating income ($30,000)

We simply deduct the traceable fixed cost from the loss of contribution margin so that the change in net operating income could come

7 0
3 years ago
The two categories of cost comprising conversion costs are
bekas [8.4K]

Answer:

Explanation:

Direct labor and factory overhead

3 0
2 years ago
Suppose that weekly output is worth $1000, and labor and materials costs are $300 and $200,respectively. What is the multifactor
Georgia [21]

Answer:

c. 2

Explanation:

The multifactor  productivity ratio can be determined using the below mentioned formula:

Multi factor productivity=Output worth/cost of material+cost of labor

In the given question:

Output worth=$1,000

cost of material+cost of labor=$300+$200=$500

Multifactor productivity=$1,000/$500=2

So based on the above calculation, the answer is c. 2

4 0
4 years ago
In which situation would you need to compromise to avoid stress and conflict?
kotegsom [21]
In all situation where compromising will not harm you too much, or where gains from wining will be much less the looses from stress and conflicts.
5 0
4 years ago
Read 2 more answers
Other questions:
  • In 2018, warehouse 13 had net credit sales of $750000. on january 1, 2018, allowance for doubtful accounts had a credit balance
    13·1 answer
  • Jan gets a good score of 85 percent on her test, but when talking to her friends, she learns that two people in her class of 45
    11·1 answer
  • An example of a derivative security is
    9·1 answer
  • Difference between a will and a living trust
    15·1 answer
  • During January, the production department of a process operations system completed and transferred to finished goods a total of
    15·1 answer
  • Where the combined strength of two items is greater than the sum of their individual strengths. In the media business, this term
    12·1 answer
  • First to answer gets Brainliest
    13·1 answer
  • Concord Corporation financed the purchase of a machine by making payments of $28000 at the end of each of five years. The approp
    13·1 answer
  • Finished goods ______. Multiple choice question. is the same as cost of goods manufactured consists of completed, unsold goods c
    6·1 answer
  • A skilled nursing facility chain is considering building a new facility on a piece of property that it currently owns. The prope
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!