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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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A foreign currency ___________ is a contract giving the purchaser (the buyer) the right, but not the obligation, to buy or sell
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The correct answer is: Option; premium or option price.

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Present value computation kerry bales won the state lottery and was given four choices for receiving her winnings. receive $400,
Mekhanik [1.2K]
Option 1: PV = $400,000
Option 2: Receive (FV) $432,000 in one year

PV = FV(1/(1+i)^n), where i= 8% = 0.08, n = 1 year

PV = 432,000(1/(1+0.08)^1) = $400,000

Option 3: Receive (A) $40,000 each year fro 20 years

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PV = 40,000{[1-(1+0.08)^-20]/0.08} = $392,725.90

Option 4: Receive (A) $36,000 each year from 30 years
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On the basis of present value computations above, option 4 is the best option for Kerry Blales. This option has the highest present value of $405,280.20

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