Usually, a minimum wage that is set below a market's equilibrium wage will result in an excess demand for labor, which is, a shortage of workers.
<h3>What is a
market's equilibrium wage?</h3>
The equilibrium market wage refers to an intersection of the supply and demand for labor wage.
The minimum wage means the ceiling wage that must be paid to the labor.
Hence, when a minimum wage is set below a market's equilibrium wage, it will result in an excess demand for labor, which is, a shortage of workers.
Therefore, the Option B is correct
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it's half a year out of 5, so 1/10 of the useful lifetime of the van
$61,000 - $4,900 is $56.1000
one tenth of that will be what we are looking for, so option b. should be just right to fit here
Answer:
$38.78
Explanation:
The formula to compute the share price in one year is shown below:
Price of a stock = (Next year dividend) ÷ (Required rate of stock return - growth rate)
where,
Price of the stock = Next year dividend ÷ (Risk free rate + beta × (Market return - Risk free rate) - Dividend growth rate)
$35 = $0.80 ÷ (5.5% + 1.2 × (12% - 5.5%) - g)
So after solving this
The growth rate is 11.01%
Now the share price after one year is
= 0.80 × (1 + 11.01%) ÷ (13.3% - 11.01%)
= $88.81 ÷ 2.29%
= $38.78
Answer:
$6360
Explanation:
Contract value when the trader sold short = 76.98c * 50000 = $38,490
Contract value when he closed out his contract = 64.26c * 50000 = $32,130
Since the trader had sold short, he is speculating that the price of the futures contract will go down. The value of the contract did go down (in the traders favor) so the difference in value when he sold short and when he closed out his contract will be the profit gained in dollars. Please note that the initial futures prices are quoted in cents and would need to be converted to dollars by dividing by 100c i.e. 3,213,000c = $32,130
Therefore the profit made by the trader in dollars is $38,490 - $32.130 = $6360
Which four questions are used by economics to break down issues: Why aren't more people doing it? What are the compromises? What are the desires and limitations of the parties involved? How will other people react?
<h3>What are the main questions of economics?</h3>
The first of these three issues are addressed by economists: What products and services should be created to satisfy customer demand? (2) Who should generate them and how should they be produced? 3) Who should receive goods and services? The economic system of a nation determines the answers to these queries.
<h3>Which definition of economics is more accurate?</h3>
Economics is the study of how individuals divide up finite resources between individual and group uses for production, distribution, and consumption. Economics has two subfields: macroeconomics and microeconomics. Efficiency in exchange and production is the main focus of economics.
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