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olganol [36]
3 years ago
14

Under what elasticity conditions would the following be true? "Increasing the minimum wage will result in a decrease in employme

nt for workers who now earn less than the new minimum wage."
Business
1 answer:
nydimaria [60]3 years ago
5 0

Answer:

The elasticity of labor is elastic (low elastic).

Explanation:

The given situation or condition, the rise in minimum wage will lead to decrease the employment for the person who earns lower than new minimum wage shows that the labor demand is elastic or elasticity for the labor is low because the increase in the minimum wage lead discourages to the producer to hire unskilled labor. Therefore, employment will decrease with an increase in the minimum wage.

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Which level of PPE uses APR/PAPR and also includes a chemical/splash over garment, double gloves and chemical resistant boots?
irina [24]

Answer: Level D

Explanation: Level D protection is primarily a work uniform and is used for only nuisance contamination. It requires only coveralls and safety shoes/boots. Other PPE is based upon the situation (types of gloves, etc.). It should not be worn on any site where respiratory or skin hazards exist.

6 0
3 years ago
Sterling Company paid $1,200 for 3 months of rent on April 1 of the current year. On April 30, Sterling Company made an adjustin
irina [24]

Explanation:

the rent start on February first and paid 400 the expense rent are for 29 days on 13.7 USD per day

3 0
2 years ago
Two companies share a market, in which they currently make $5,000,000 each. Both need to determine whether they should advertise
snow_tiger [21]

Answer: Please refer to Explanation.

Explanation:

Two Companies. We shall call them A and B.

If A and B decide not to advertise, they both get $5,000,000.

If A advertises and B does not then A captures $3 million from B at a cost of $2 million meaning their payoff would be,

= 5 million - 2 million + 3 million

= $6 million.

A will have $6 million and B will have $2 million as $3 million was captured from them. This scenario holds true if B is the one that advertises and A does not.

If both of them Advertise, they both reduce their gains by $2 million while capturing $3 million from each other so they'll essentially both have just $3 million if they both decide to advertise.

With the above scenarios, it is better for both companies to ADVERTISE if there is NO COLLUSION. This is because it ensures that they do not get the lowest payoff of $2 million if the other company decides to advertise and they do not.

However, if they DO COLLUDE. They must both decide that NONE of them SHOULD ADVERTISE and this would leave them with their original $5 million each which is a higher payoff than the $3 million they will both receive if they were both advertising.

3 0
3 years ago
indicators that the local currency is also the functional currency include all of the following except:
Alchen [17]

Indicators that the local currency is also the functional currency include all of the following except the parent typically provides the financing or provides a guarantee.

A functional currency is one that is utilized in the main economic setting in which a company conducts business. This is the setting in which an entity generates and spends money most frequently. When defining the functional currency of an entity, the following key considerations should be taken into account:

The principal currency influencing retail prices (usually the currency in which prices are denominated and settled).

The money of the nation whose laws and competition have the biggest impact on retail pricing.

The principal currency affecting labor expenses and other costs of goods sold (usually the currency in which prices are denominated and settled).

The currency in which an entity keeps its operating receipts and the currency in which debt and equity instruments are issued are less important deciding factors.

Know more about functional currency here:

brainly.com/question/28013130

#SPJ4

6 0
1 year ago
price quantity total cost $10 40 $374 $10 41 $376 $10 42 $360 $10 43 $365 $10 44 $390 $10 45 $400 $10 46 $412 $10 47 $425 refer
MrRa [10]

The firm's MRP when it produces 44 units of output (from top to bottom) MRP, Regulated: 200, 160, 120, 80, 40.

<h3>What is output?</h3>
  • Output is the quantity of goods or services produced in a given period of time.
  • For a firm that produces a good, the output may simply be the number of units of that good produced each period.
  • Months or Years in production.
  • Input is the process of taking in something.
  • For example,  a company receives inputs when it takes  raw materials to make a final product.
  • Output is the complete opposite as it is the process of sending something.
  • Service is the productive outcome of  marketing channels that consumers value and desire.
  • By identifying the services to offer for each  target buyer segment, marketers can optimize their sales strategy for each key segment.

To learn more about output from the given link :

brainly.com/question/13736104

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6 0
1 year ago
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