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Andrei [34K]
3 years ago
15

Assume the minimum wage exceeds the market-clearing wage. If there is an increase in the supply of labor then the number of work

ers who are unemployed will _____________, and the number of workers who are employed will _____________.
Business
1 answer:
MakcuM [25]3 years ago
5 0

Answer:

Increase, Not change

Explanation:

The market-clearing wage is the equilibrium wage rate. The market-clearing wage is, therefore, the intersection point of the supply and demand curves for labor. It is the prevailing market wage rate acceptable by both the employers and employees.

If the minimum wage rate exceeds the market-clearing wage, it creates a surplus in the labor market. At a high wage rate, employers are not willing to hire workers because labor is inefficient. The marginal costs of labor exceed its marginal gains. An increase in the supply of labor means more workers are entering the job market. Should the wage rate remain above the equilibrium price, then more people will be jobless. Those already employed will not be affected by the increase in the supply of labor.  

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In a "Dutch auction" for new stock, individual investors place bids for shares directly. Each potential bidder indicates the pri
aivan3 [116]

Answer:

a

Explanation:

A Dutch auction is a method for pricing shares (often in an initial public offering) whereby the price of the shares offered is lowered until there are enough bids to sell all shares. All the shares are then sold at that price. The goal of a Dutch auction is the find the optimal price at which to sell a security.  

For example, let's assume Company XYZ wants to sell 10 million shares using a Dutch auction. To participate in a Dutch auction, an investor typically opens an account with Company XYZ's underwriter (usually an investment bank), obtains a prospectus, and obtains an access code or bidder identification code (Dutch auctions often occur online).  

During bidding, investors indicate how many shares they're willing to buy and the price they're willing to pay. The underwriter, who acts as the auctioneer, usually starts the auction by offering a prohibitively high price for the security (say, $40 per share in this case). It then lowers the price gradually to say, $36 per share, where two bids come in for 500,000 shares. The underwriter then lowers the price again, this time to $35, and attracts 4,000,000 shares worth of bids. After lowering the price to $34, the underwriter gets another 5,000,000 shares worth of bids; then the underwriter lowers the price to $33 and gets another 3,000,000 in bids before the auction ends.

6 0
3 years ago
If more capital is produced in a given year, what can be expected to happen?
anzhelika [568]

Answer:

A

Explanation:

More money, more demand

people wouldn’t want to work long hours short pay

and with more money the Money has less value

4 0
3 years ago
Assume that eggs and cereals are substitute products for breakfast. If a disease kills a large number of chickens, what will hap
larisa [96]

Answer:

The correct answer is letter "D": the quantity demanded of cereal will increase.

Explanation:

According to the demand theory, as long as the quantity demanded increases, the price would decrease (the demand curve shifts to the right). The quantity demanded decreases when the price would increase (the demand curve shifts to the left).

In the example, as eggs and cereals are substitute products, if a disease kills a large number of chickens there will be fewer eggs supply in the market. Consumers will start looking for substitutes. Then, <em>the quantity demanded for cereal will increase</em> moving the <em>demand </em><u><em>curve</em></u><em> to the right</em>.

6 0
3 years ago
The Operations Manager for Shadyside Savings &amp; Loan orders cash from her home office for her very popular "BIG BUCKS" automa
notsponge [240]

Answer:

3,000 $100 bills equivalent to $300,000

Explanation:

The economic order quantity (EOQ) is the optimum quantity of a good to be purchased or required at a time in order to minimize ordering and carrying costs in inventory.

EOQ = the square root of [(2 times the annual demand in units times the incremental cost to process an order) divided by (the incremental annual cost to carry one unit in inventory)]

  • annual demand in units = 12,500 x 12 = 150,000
  • incremental costs to process an order = $300
  • incremental annual cost to carry one unit in inventory = 10% x 100 = $10

EOQ = √[(2 x 150,000 x $300) / $10] = √($90,000,000 / $10) = √9,000,000 = 3,000 bills

8 0
3 years ago
Which market structure is most prevalent in reality? Explain.​
kaheart [24]

Answer:

Perfect competition is an ideal type of market structure where all producers and consumers have full and symmetric information, no transaction costs, where there are a large number of producers and consumers competing with one another. Perfect competition is theoretically the opposite of a monopolistic market.

Explanation:

Pls mark me the Brainliest..pls..

5 0
2 years ago
Read 2 more answers
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