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
Bad White [126]
3 years ago
15

One effect of a minimum wage in the market for low-skilled labor is a a. surplus of low-skilled labor.

Business
1 answer:
fgiga [73]3 years ago
6 0

Answer:

a a. surplus of low-skilled labor.

Explanation:

Minimum wage is a form of price floor. A price floor is the minimum price that a good or service can be bought.

Price floors (minimum wage ) is usually set above equilibrium price. This increases the supply of labour but decreases the demand for Labour. As a result , there would be a surplus of low skilled labour.

I hope my answer helps you

You might be interested in
At a large department store, the number of years of employment for a cashier is a normally distributed variable with a mean of 5
Yakvenalex [24]

Answer:

0.0084

Explanation:

For this probability problem, we will have to make use of the normal probability distribution table.

to use the table, we will have to compute a certain value

z = (x- mean) /Standard deviation

z = \frac{(10 - 5.7)}{1.8} = 2.39

Probability he has worked in the store for over 10 years can be obtained by taking the z value of 2.39 to the normal probability distribution table to read off the values.

<em>To do this, on the  "z" column, we scan down the value 2.3. we then trace that row until we reach the value under the ".09" column. </em>

This gives us 0.99916

Thus we have P (Z < 2.39) = 0.9916

We subtract the value obtained from the table from 1 to get the probability required.

1 - 0.9916 = 0.0084

The Probability that the employee has worked at the store for over 10 years = 0.0084

4 0
4 years ago
1) The defect rate for your product has historically been about 2.00%. For a sample size of 300, the upper and lower 3-sigma con
Sphinxa [80]

Answer:

UCL= <u>0.044</u>

LCL=<u>-0.004</u>

Explanation:

Use following formula to calculate the UCL and LCL

UCL = p + z\sqrt{\frac{p(1-p)}{n}}

Where

P = defect rate = 2% = 0.02

z = sigma control chart limit = 3

n = samploe size = 300

PLacing values in the formula

UCL = 0.02+3\sqrt{\frac{0.02(1-0.02)}{300}}

UCL = 0.02 + 3 x 0.008082904

UCL = 0.02 + 0.024248711

UCL = 0.044248711

UCL = 0.044

Now calculate LCL using folllowing formula

LCL = p - z\sqrt{\frac{p(1-p)}{n}}

Where

P = defect rate = 2% = 0.02

z = sigma control chart limit = 3

n = samploe size = 300

PLacing values in the formula

LCL = 0.02 - 3\sqrt{\frac{0.02(1-0.02)}{300}}

LCL = 0.02 - 3 x 0.008082904

LCL = 0.02 - 0.024248711

LCL = -0.004248711

LCL = -0.004

4 0
3 years ago
Pleaseeeeee helppp!!!!!!!!!!
ivann1987 [24]

Answer:

D

Explanation:

They're recruiting people who have the same ideas.

7 0
3 years ago
Which is the​ fastest-growing digital marketing​ platform?
Elena-2011 [213]
<span>the​ fastest-growing digital marketing​ platform would be: 
</span>e. Mobile Marketing


5 0
4 years ago
Kelly works at an ice cream shop and observes that the number of people buying ice cream varies greatly from day to day.For a co
Murrr4er [49]

Answer:

B) use the observed data to form a hypothesis about ice cream buying behavior.

Explanation:

The scientific method is a research method where the first step is recognizing and identifying the problem ⇒ relevant information is obtained ⇒ a hypothesis is formulated ⇒ the hypothesis is tested.

In order for a research (that uses the scientific method) to be valid, the researcher must be able to duplicate the research process and obtain the same or similar results.

7 0
3 years ago
Other questions:
  • Columbia Gas Company’s (CG) current capital structure is 35% debt and 65% equity. This year CG has earnings after tax of $5.31 m
    13·1 answer
  • Phillip, owner of Technology Sales, said, "We have to focus on our customers and how can we beat the competition, so we have to
    9·1 answer
  • Four traits that will help you interact positively with others
    13·1 answer
  • Grand trunk inc., a furniture manufacturing company, does not manufacture furniture until an order is received. it coordinates a
    9·1 answer
  • what is a patent registration, design registration, NDA( non disclosure agreement, and a trademark registration
    5·1 answer
  • What are some tasks commonly performed in Environmental Service Systems jobs? Check all that apply. inspecting facilities measur
    14·2 answers
  • Aldricus is a shutterbug. He takes his camera everywhere he goes. He has hung hundreds of pictures on his walls. For Aldricus, p
    11·1 answer
  • Jane is willing to pay $4 for the first cup of coffee a day, $2.50 for the second cup, and $1 for the third cup, after which she
    8·1 answer
  • On 9 OT 25
    7·2 answers
  • HI EVERYONE HOW YALLL BEEN ON DA WEEKEND I SLEEPED XD
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!