Answer:
there will be a surplus of retail workers in this labor market.
Explanation:
In the attached diagram the scenario is illustrated.
When the minimum wage is above the equilibrium wage it means that the minimum wage is above what employees are willing to pay workers. So employees will be less wiling to pay this amount.
There will be a reduction in the number of available slots for workers.
On the other hand workers will receive higher wage than they expected but since the slots for work are now limited there will be a surplus of labour in the market
Answer:
O D $0
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Since the land is worthless, there is no next best use of the land. Thus, its opportunity cost is zero.
I hope my answer helps you
Answer:
$52,000
Explanation:
Bonus is 20% on annual net income, after deducting the bonus.
Let the annual income after deducting bonus be g
Then,
Bonus = 20% of g
= 0.2g
Annual income before bonus = annual income after bonus + bonus
312,000 = g + 0.2g
g = 312000/1.2
g = $260,000
Bonus = 0.2g
= 0.2 × 260,000
= $52,000
Amazon’s efforts to offer customers the option to return or purchase items in the physical world is a decision that most closely aligns with <u>Physical Evidence</u>.
This is because the retail marketing mix has seven elements.
These elements are usually known as the 7 Ps, including product, price, promotion, place, people, process, and physical evidence.
It is expected that the <u>Physical Evidence</u> should give the customers the sense of making a purchase.
This could be anything from collecting a physical receipt or having the opportunity to return a defective product.
The Physical Evidence gives the customers an impression of the value of what they purchase goods.
Hence, in this case, it is concluded that the correct answer is <u>Physical Evidence</u>.
Learn more here: brainly.com/question/15850455
