3 years ago

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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Capital brought into a business in exchange for a percent of ownership in the business is called

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D: Equity financing

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Equity is ownership in the business - equity financing means giving up ownership in order to secure financing.

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Which of the following is NOT a fall protection method? A. Guardrails B. Personal fall arrest systems C. Safety belts D. Safety

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Estimate the value of a share of Intel common stock using the residual operating income (ROPI) model as of December 25, 2010; as

wariber [46]

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Turrubiates Corporation makes a product that uses a material with the following standards: Standard quantity 7.5 liters per unit

Julli [10]

Answer:

Direct material quantity variance= $1,400 unfavorable

Explanation:

Giving the following information:

Standard quantity 7.5 liters per unit Standard price $ 2.00 per liter

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<u>To calculate the direct material quantity variance, we need to use the following formula:</u>

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (7.5*3,400 - 26,200)*2

Direct material quantity variance= (25,500 - 26,200)*2

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"Harold and Maude are married and live in a common-law state. Neither has made any taxable gifts and Maude owns (holds title to)

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Answer:

$5528000

Explanation:

Solution

Given that:

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