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AfilCa [17]
3 years ago
15

How will employers respond to an increase in the minimum wage?

Business
1 answer:
kherson [118]3 years ago
4 0

Answer:

C

Explanation:

Increasing minimum wage increases the cost of hiring labour. As a result, firms would reduce the amount of labour skilled labour employed in order to reduce cost of hiring labour.

Another option, is for firms to hire more skilled labours

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Please determine which economic feature is described by the statements below. A __________ occurs as the result of a significant
Dafna11 [192]

Answer: Recession; Depression; Peak ; Trough

Explanation:

The business cycle is the short-term movement of the economy as it goes in and out of recession.

A recession is the significant decline in the national output. Die to recession, there are less consumption by consumers and this negatively affects the national output.

A depression is a lengthy and deep decline in the output of an economy. When there's a long time contractions in economic activities, depression has taken place.

A peak is the highest point of output before the start of a recession. It is when growth and reached its maximum rate in an economy.

Trough is the lowest point of output when there is a recession. It is the lowest point when there's a decline in economic activities.

4 0
3 years ago
Read 2 more answers
Which of the following statements is FALSE? I. If the demand curves are different, it is more profitable to set a single price t
Amanda [17]

Answer:

1st & 3rd are False, 2nd is True .

Explanation:

Price Discrimination is pricing strategy - involving firms charging different prices from different customers, for same goods & services.

If demand curves of different markets (customer groups) are different it is profitable for firms to do price discrimination - i.e selling at different prices, rather than single price. This enables firm charging maximum of their paying capacity from each customer group. Hence 1st statement is False

Markets having customers with more elastic (more price sensitive) demand should be charged lower prices. Markets having customers with less elastic (less price sensitive) demand should be charged higher prices. So, 2nd statement is True.

Arbitrage is ability of buying goods from low priced markets, selling them in high priced markets. In presence of arbitrage, it is difficult for firms to discriminate. So, 3rd statement is False.

3 0
4 years ago
If the company uses the horizontal linkage model, how can the software development department expect to do its work? Check all t
Lyrx [107]

Answer:

A)Software development employees will receive customer feedback about whether the products are helpful to students.

B)Software development employees will have opportunities to tell the research and marketing departments if a new product idea cannot be brought to market in a timely or cost-effective manner.

C)Instead of getting orders from the top management about what products to make, based on what the research department recommends, software development employees will participate on teams that collect data and make decisions.

Explanation:

Horizontal linkage model, gives room to departments in an organization to have relationship in working out new product such as commercial products.horizontal linkage model gives room for a good relationship between worker/employee within a particular organization.

If the company uses the horizontal linkage model, the software development department are expected to do its work by taking actions such as;

✓Receiving feedback from customers about how helpful the product is to the consumer of it.

✓ the relationship the model create will allow the software development employees to communicate with research and marketing departments

if new product ideals cannot be brought to market in a timely or cost-effective manner.

✓development employees will

have a team parformance, to collect data and make decisions.

4 0
4 years ago
In January 2020, Sunland Company, a newly formed company, issued 10300 shares of its $8 par common stock for $13 per share. On J
balu736 [363]

Answer:

The correct option is the acquisition of these treasury shares decreased total stockholders' equity.

Explanation:

Initially the total stockholders' equity is $133,900 ($13*10,300) which comprised of $82,400  common stock ($8*10,300) $51,500 paid in capital in capital in excess of par value.

By repurchasing 1,030 treasury stock at $10,the total stockholders' equity decrease by $10,300,which leaves a balance of $123,600 ($133,900-$10,300).

In other words,the first option is the correct choice of answer

4 0
3 years ago
The nominal rate of interest is comprised of: both the real rate of interest and compensation for inflation. compensation for in
Alexandra [31]

Answer:

The correct answer is both the compensation for inflation as well as the real rate of interest.

Explanation:

Nominal rate of interest is the one which is described as the rate of interest before taking or considering the inflation into the account. The nominal could also defined as to advertised or state the rate of interest on the loan, without considering the account of any fees or any interest which is compounding.

So, the nominal rate of interest is the one which involve or comprise of the compensation for inflation and the real interest rate of the interest.

8 0
3 years ago
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