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tangare [24]
3 years ago
7

"" On April 1, 2009, in the middle of a recession, the government of the province of Ontario, Canada increased the provincial mi

nimum wage from $8.75 to $9.50. What will the likely effect of this policy be?
Business
1 answer:
Digiron [165]3 years ago
8 0

Answer:

Explanation:

The effect of this policy will lead to both the leftward shift in the labor demand curve and the higher minimum wage will

lead to an increase in the unemployment rate because once the minimum wage increases, firms will have to pay higher salaries and this will lead to higher costs and therefore firms will retrench employees

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I believe private property rights are e) the rights individuals but not firms have to the exclusive use of​ tangible, physical property and intellectual property.

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5 0
3 years ago
West Corp. issued 20-year bonds two years ago at a coupon rate of 8.6 percent. The bonds make semiannual payments. If these bond
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Explanation:

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What are the penalties for lenders violating The truth lending act
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4 0
2 years ago
A taxicab was involved in a fatal hit-and-run accident at night. two cab companies, the green and the blue, operate in the city.
Molodets [167]
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7 0
3 years ago
Jane Spring maintained this record of vehicle expenses for last year: gas, $845.96; oil, lube, miscellaneous, $68.85; insurance,
allochka39001 [22]

Answer:

Depreciation: $4,000.00

Variable costs : $914.81  

Explanation:

The value of the car when new = $19,860.00

Values after two years =$11,860.00

Accumulated depreciation for two years

= $19,860.00 - $11,860.00

=$8,000.00

Assuming straight depreciation method, depreciation each of the two years

=$8,000.00/2

=$4,000.00

Variable costs are the cost that changes with usages. In this case, variable costs are gas and oil, lube, and miscellaneous.

Variable costs =  $845.96 +  $68.85

Variable costs =  $914.81    

 

7 0
3 years ago
Read 2 more answers
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