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Oliga [24]
4 years ago
13

Suppose that the equilibrium wage for teachers in Michigan is $15/hour. Also suppose that Michigan raises its minimum wage to $1

6/hour. Because the equilibrium wage for teachers is (a) lower than or higher than the new minimum wage, we would expect the number of teachers employed to (b) increase, decrease, or stay the same at the new minimum wage. There will be (c) a shortage, a surplus, or no change in the number of teachers.
Business
1 answer:
Iteru [2.4K]4 years ago
4 0

Answer:

a. Lower b. Decrease c. Surplus

Explanation:

The equilibrium wage rate is $15.

The minimum wage is fixed at $16.

a. The equilibrium wage is lower than minimum wage.

b. The higher minimum wage will lead to reduction in the number of teachers employed as the cost of hiring goes up.

c. There will be a surplus in the number of teachers, as with increased wages, the supply of teachers will be higher than demand.

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What is a form in computer?​
sp2606 [1]

In a database context, a form is a window or screen that contains numerous fields, or spaces to enter data. Each field holds a field label so that any user who views the form gets an idea of its contents. A form is more user friendly than generating queries to create tables and insert data into fields.

7 0
3 years ago
The following lots of a particular commodity were available for sale during the year Beginning inventory 7 units at $52.00 First
ycow [4]

Answer:

$986.39

Explanation:

Given :

Value of items in inventory :

(7 * $52) + (19 * $53) + (25 * $28) + (18 * $65) = $3241

Number of items in inventory :

(7 + 19 + 25 + 18) = 69 units

Weighted average inventory cost :

$3241 / 69 = $46.971014

Number of commodity in hand at year end = 21 units

Amount of inventory at year end using average costing method :

Number of commodity * Average inventory cost

(21 * $46.971014) = $986.39

The amount of inventory at the end of the year according to the average costing method is $986.39

6 0
3 years ago
A magazine's _________ department is responsible for selling space in the magazine.
BaLLatris [955]
A magazine's <u>c</u><span><u>irculation</u></span><u> </u>department is responsible for selling space in the magazine.


7 0
4 years ago
A bond pays $80 per year in interest and has a $1,000 par value. The market rate of interest is 6%. What is the coupon rate for
wariber [46]

Answer:

8%

Explanation:

The coupon is the amount of periodic cash payable to bondholders which is usually a percentage of the bond's face value.

The coupon of $80 is payable annually in this case, hence, based on the face value( par value) of $1,000 per bond, the coupon rate is computed as shown thus:

annual coupon=face value*coupon rate

annual coupon=$80

face value=$1000

coupon rate=unknown

$80=$1000*coupon rate

coupon rate=$80/$1000

coupon rate=8%

5 0
3 years ago
3.12. Retirement Planning Your uncle has $90,000 that he wishes to invest now in order to use the accumulation for purchasing a
Bumek [7]

Answer:

$12106

Explanation:

Below are the possible return options, and investment options given the schedule and period of investment.

REFER TO ATTACHED FILE FOR THE CHAT

According to this chart, Uncle can get maximum return only from option C. So he should invest everything there, however he needs to pay off 24,000 loan at the end of Year 3. Therefore, he needs to invest an amount that will yield him 24000 at then end of year 3, in Plan B.

That can be calculated by 24000/1.36 = 17647

The balance amount can wait till the beginning of year 2, and then all the amount can be invested in Plan C.

The maximum return at the end of 5 years available will be:

Amount invested in Plan C = 90000 - 17647 (amount saved for the loan payment) = 72353

Return from Plan C at the end of 5yrs = 72353 x 1.66 = $ 12106

6 0
4 years ago
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