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Degger [83]
3 years ago
11

You live in a community with many teenagers, and you work during the summer bagging groceries for a low hourly wage. How might l

iving in a community with fewer teenagers looking for grocery bagging jobs affect your hourly wage?
A. Your wages would probably be lower because demand for baggers would be higher.
B. Your wages would probably be higher because the supply of baggers would be higher.
C. Your wages would probably be lower because the supply of baggers would be higher.
D. Your wages would probably be higher because demand for baggers would be higher.
Business
1 answer:
mario62 [17]3 years ago
4 0

Answer:

D. Your wages would probably be higher because demand for baggers would be higher.

Explanation:

If I live in a community with fewer teenagers looking for grocery bagging jobs, the supply of labour would be lower. This would lead to an excess of demand over supply, wages would rise as a result.

I hope my answer helps you

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A monopolistic firm has a sales schedule such that it can sell 10 prefabricated garages per week at $10,000 each, but if it rest
Wewaii [24]

Answer:

option (D) $1,000

Explanation:

Data provided in the question:

Sales when 10 prefabricated garages per week are sold = $10,000 each

Sales when 9 prefabricated garages per week are sold = $11,000 each

Now,

Marginal revenue is given as Change in revenue with 1 unit change in production

Thus,

Marginal revenue = ( $10,000 × 10 ) - ( $11,000 × 9 )

= $100,000 - $99,000

= $1,000

Hence,

The answer is option (D) $1,000

7 0
3 years ago
Sanchez Company has 48,000 shares of 7% preferred stock of $100 par and 92,000 shares of $50 par common stock issued and outstan
galina1969 [7]

Answer:

Check Explanation.

Explanation:

The following parameters are given for dividends of three years;

Year 1 = $497,000, Year 2 = $490,000 Year 3 = $524,000.

The number of shares= 48,000 of 7%, preferred stock = $100 par and 92,000 shares of $50 par common stock issued and outstanding.

Therefore,

Year one:

=> Amount Distributed = $497,000.

=> Preferred dividend = 48,000 × 7% × $100 = 336,000.

=> Common dividend = 497,000 - 336,000 = 161,000.

=> Preferred divided per share = 336,000/ 48,000 = $ 7.

=> Common dividend = Common dividend/ 92,000 shares = 161,000/ 92,000 shares =$ 1.75.

Year Two:

=> Amount Distributed = $490,000.

=> Preferred dividend = 48,000 × 7% × $100 = 336,000.

=> Common dividend = 490,000 - 336,000 = 113,000.

=> Preferred divided per share = 336,000/ 48,000 = $ 7.

=> Common dividend = Common dividend/ 92,000 shares = 113,000/ 92,000 shares =$1.23.

Year Three:

=> Amount Distributed = $524,000.

=> Preferred dividend = 48,000 × 7% × $100 = 336,000.

=> Common dividend = $524,000 - 336,000 = 188,000.

=> Preferred divided per share = 336,000/ 48,000 = $7.

=> Common dividend = Common dividend/ 92,000 shares = 188,000/ 92,000 shares =$2.04

6 0
3 years ago
What will be its effect on trade if business gets expands​
MatroZZZ [7]

Answer:

Countries that are open to international trade tend to grow faster, innovate, improve productivity and provide higher income and more opportunities to their people.

Explanation:

Trade is central to ending global poverty.  Open trade also benefits lower-income households by offering consumers more affordable goods and services.

Hope this helped!!!

5 0
3 years ago
Henry Ford once said, "If I had asked people what they wanted, they would have said faster horses." The invention of the car is
Shkiper50 [21]

<u>Answer: </u>

The invention of the car is an early example of disruptive technologies.

<u>Explanation: </u>

  • The technologies that successfully break a certain long-running trend to start another successfully can be termed as disruptive technologies.
  • The rate of acceptance of such technologies is initially the lowest but they thrive very soon to completely replace the existing methods in use.
  • Disruptive technologies are often more efficient than their older alternatives and that is why they are deemed as profitable.
5 0
2 years ago
Long Beach, Inc., a lessor, charges Applewood Corp., a lessee, a $10,500 nonrefundable fee to enter into a five-year operating l
N76 [4]

Answer:

Rent expense= $30,900

Explanation:

Non-refundable fee expense for year 2016 = $10,500 / 5

Non-refundable fee expense for year 2016 = $2,100

Annual rent expenses = Monthly rental * 12 month

Annual rent expenses = $2,400 * 12

Annual rent expenses = $28,800

Rent expense for year ended June 30, 2016 = Annual rent expense + Non-refundable fee expense for the year

Rent expense  = $28,800 + $2,100

Rent expense = $30,900

7 0
3 years ago
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