1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
A company uses proprietary computer software to offer services that other companies have not been able to emulate. These service
kirill115 [55]

Answer:

Distinctive competence

Explanation:                  

Distinctive ability relates to a certain market trait which it does differently than its rivals. Since the company can do more than most other companies, it has a competitive edge over all other companies.

An organization's competitors cannot imitate this competence (at least in the short term), allowing an organization to gain an advantage over others. An organization must protect its distinctive competence to retain its competitive edge.

Thus, from the above we can conclude that the given case illustrates distinctive competence.

3 0
3 years ago
Private enterprise is run mainly to?
saw5 [17]
Most private enterprise mainly run to gain profit
8 0
3 years ago
Data concerning Bedwell Enterprises Corporation's single product appear below: Selling price per unit $ 185.00 Variable expense
worty [1.4K]

Answer:

5,069 units

Explanation:

The computation of the units sales to achieve monthly target profit is shown below:

Unit sales is

= (Fixed cost + target profit) ÷ (contribution margin per unit)

= ($437,240 + $24,000) ÷ ($185 - $94)

= ($461,240) ÷ ($91)

= 5,069 units

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0
3 years ago
A portfolio is a document
mamaluj [8]
A PORTFOLIO<span> is a collection of </span>documents<span> and writing that you assemble in order to demonstrate that you have the appropriate prior and experiential learning to earn university level credit. ... Compile a word </span>document<span>, with or without embedded links, and submit it on a disk or a jump drive.</span>
5 0
3 years ago
Read 2 more answers
A startup jewelry company wants to research designs from its potential new jewelry line. It has little money to devote to the re
ser-zykov [4K]

Answer:

Mail and online research.

Explanation:

Since in the given situation, it can be seen that the company does not have much amount to be incurred on the research so the best option is to do online research and mail as the person research and the telephone research becomes expensive as compared to the mail and online research

Therefore the above should be the answer

6 0
3 years ago
Other questions:
  • Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500 Cash Allowance straight off
    7·1 answer
  • Gordon Driving School’s 2014 balance sheet showed net fixed assets of $4.8 million, and the 2015 balance sheet showed net fixed
    10·1 answer
  • W2 Corp. needs capital to finance a new product line. It borrows money in the form of long-term bonds underwritten by an investm
    12·1 answer
  • Henry​ Crouch's law office has traditionally ordered ink refills 50 units at a time. The firm estimates that carrying cost is 40
    10·1 answer
  • Until the 2003 playoffs, NBA had used a best-of-five format for the first-round series, that is, the series would end as soon as
    12·1 answer
  • The employee credit union at State University is planning the allocation of funds for the coming year. The credit union makes fo
    11·1 answer
  • Baby boomers are and example of what type of trend
    9·1 answer
  • I need help!!!
    7·1 answer
  • Calculate the monthly payment for a 5-year car loan of $23,570 at 10. 43% interest, compounded monthly. A. $247. 44 b. $337. 56
    6·1 answer
  • What business should be undertaken is a part of the planning conducted as part of a single use plan?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!