Answer:
a) The demand curve for unskilled labor is vertical.
Explanation:
Someone says, "Even though the equilibrium wage rate is $8 an hour in the unskilled labor market, if we impose a minimum wage of $10 an hour, no one currently working will lose his or her job." This person must believe that the Group of answer choices demand curve for unskilled labor is vertical.
Response to prices depend on the elasticity of demand because elasticity of demand relates to how quantity demanded will fall as a result of increase in price or in this case wage rate.
A vertical demand curve is a pictorial demonstration of a perfectly inelastic demand which means that no matter how much to you increase the price no change will occur in quantity demanded as such a good is most essential to the consumers.
Therefore if the demand for labor is perfectly inelastic, it means nobody will be laid off with increase in wage rate as firms will not change their quantity demanded for labor.
Answer:
Jenny pays Abe $300 to give the dog to his parents who live on an isolated farm
Explanation:
The answer is already stated within the question, but I'll provide the explanation.
In order to reach a solution, Jenny would have to offer Abe an amount to get rid of the dog that is more than Abe's benefit of owning the dog, which is $200.
On the other hand, since Jenny bears a cost of $400 from the bark, she would only be willing to spend as much as $400 to resolve the situation. Therefore, the acceptable range for the amount of the agreement for both parts is:
$200 < X < $400.
Since $300 is within that range. Jenny paying Abe $300 to give the dog to his parents is a possible solution.
In the district courts there are... pleadings, motions, scheduling conference and order, discovery, pretrial conference and order, trial, and appeal. A plaintiff commences a civil case by filing a complaint with the court
Answer:
Yes she should purchase this preferred stock.
Explanation:
Return on investment as a percentage = return/capital invested * 100
For Aeryn to decide whether she should purchase this preferred stock, its return on investment should be higher than or equal to 8%. The return on investment of this preferred stock is $40/$475 * 100 = 8.42%, which is higher than her required return therefore she should purchase the preferred stock.
Answer:
Disaster recovery plan
Explanation:
Disaster recovery plan (DRP), it is a plan or approach which is structured as well as documented, states how the organization or business could resume work after the unplanned incident happen.
It is the vital part of the business as depend on the functioning of IT, it aims to resolve the loss of data and also recover the system functionality so that the could perform well after incident.
So, DRP, could help in recognizing the steps required to restore the failed system in the business.
