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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

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Cool Beans is a locally owned coffeeshop that competes with two large coffee chains, PlanetEuro and Frothies. Alicia, the owner,
erma4kov [3.2K]

Answer:

0.9717 per unit sold (approx)

Explanation:

Here, we are assuming 52 weeks in a year.

Contribution margin:

= (Sales revenue - variable cost) ÷ sales revenue

= [(3.52 × 10 + 3.52 × 0.18 × 540 × 52) - (3.52 × 0.26 × 551)] ÷ (3.52 × 10 + 3.52 × 0.18 × 540 × 52)

=  [(35.2 + 17,791) - (504)] ÷ (35.2 + 17,791)

= [17,826.2 - 504] ÷ 17,826.2

= 17,322.2 ÷ 17,826.2

= $0.9717 per unit sold (approx)

5 0
3 years ago
What are the main components of money in the United States​ today? The main components of money in the United States today are​
Komok [63]

Answer:

The answer is option B.

Explanation:

The main components of money in the United States today are the physical cash in the form of currency, and also the deposits that are made in the form of savings in various banks and other depository institutions. This is to take into account that, the asset that can be converted into cash is not considered under these components of money in the US.

7 0
3 years ago
On October 1, year 1, Kirby Corp. purchased equipment for $100,000. The equipment has a useful life of 5 years with no residual
NNADVOKAT [17]

Answer:

5000 partial depreciation

Explanation:

straight line formula is = <u>cost  - scrape value</u>

                                          useful life in years

since there is no residual value (scrape value) therefore, we divide <u>100,000 </u>

                                                                                                                     5        

the answer we get 20000 per year depreciation. but the equipment is bought on 1st oct, and if assume that the year ends on Dec, 31 so  it is measure for 3 month depreciation which is 5000.                                                                                                                                                                                                                                                                                            

4 0
3 years ago
Joe sells his business to Shirley. During the negotiations, Joe negligently tells Shirley that the business has earned a profit
Dmitry [639]

Answer:

"Shirley did not actually rely on Joe's misstatement" is the correct answer.

Explanation:

  • Reliance means that the individual adopts a way to proceed due to various his/her confidence in a statement that she has established.
  • For lack of understanding to occur, a causal relationship may well have been formed between some of the claims as well as the determination of the authority concerned to implement the arrangement.
  • Because Shirley wasn't really conscious that someone had presented an argument, there would be no dependency. Therefore, she can't extrapolate a rescission upon this.

4 0
3 years ago
In contemporary Japanese society, a group is associated with:______
ElenaW [278]

Answer:

d. the company a person works for.

Explanation:

In contemporary Japanese society, a group is associated with the company a person works for.

A group typically comprises of two or more people who share some things in common such as identity, aims, interest and are willing to work in an accord.

Hence, the company or organization an individual works for, is usually considered to be a group in the contemporary Japanese society.

This is so because employees are blinded by a common goal, aim, interest to allow them work effortlessly, effectively and efficiently together.

3 0
3 years ago
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