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nata0808 [166]
2 years ago
11

At what wage rate will there be excess labor supplied in the market?

Business
2 answers:
Ksivusya [100]2 years ago
6 0
If the wage<span> is free to adjust in response to </span>market<span> forces it </span>will<span> move to We, where the demand for</span>labour<span> equals the </span>supply<span>. When the </span>wage<span> is above We, more </span>labour will<span> be presented for employment than firms in the industry </span>can<span> profitably hire. It </span>will<span> pay workers to lower </span>their wages<span> to obtain employment in the industry.
</span>
choli [55]2 years ago
4 0

Answer:At $25 per hour there will be excess of labor supplied as more laborers are willing to work at high wages but not enough coffee shops are willing to hire at that wage

Explanation: PLATO

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The difference between the small business owner and the entrepreneur is that the entrepreneur:A. manages the businessB. files ta
Oksanka [162]

Answer:

E. is accurately described by all of the above

Explanation:

  • The main difference is that the entrepreneurs took at the big picture and are more ideal,  innovative and risk-takers and focuses more on the startups and growth and spread of business and attempts to make profits
4 0
3 years ago
7. Liqin fixes up old cars and sells them to supplement his retirement income. Liqin came across a beat-up 1955 Corvette that sh
ruslelena [56]

Answer:

a. 8%

Explanation:

Expected Return = [(Return*Probability)+(Return*Probability)+(Return*Probability) * 100%]

Expected Return = [{(15%*0.2)+(10%*0.2)+(5%*0.6)} * 100]%

Expected Return = [{(0.15*0.2)+(0.1*0.2)+(0.05*0.6)} * 100]%

Expected Return = [{0.03+0.02+0.03} * 100]%

Expected Return = [{0.08 * 100}]%

Expected Return = 8%

So, Liqin's expected return for fixing up and selling the Corvette is 8%.

7 0
3 years ago
Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2010. Demers reported common stock of $300,000 and retain
natulia [17]

Answer:

$74,400

Explanation:

Pell Company

Pell's income from Demers for the year ended December 31, 2010

Controlling Interest Share of Net Income for 2010- Excess Fair value Annual Amortization

Controlling Interest Share of Net Income for 2010= ($100,000 × .80) $80,000

Less Excess Fair Value Annual Amortization =($7,000 × .80) $5,600

Pell Income= $74,400

8 0
3 years ago
Companies such as​ p&amp;g, walmart, and levi strauss have recognized the growing​ ________ in the u.s. population by targeting
Misha Larkins [42]
Hi, thank you for posting your question here at Brainly.

Since this pertains to ethnicities, race and lifestyles, these companies must have targeted the diversity in the U.S population. The diversity is a result of modern technology and modern views of the social norms. Because of this, lifestyles and personalities vary from one person to each other. To a businessman, he must cater to everyone's taste if he wants more profit.
6 0
3 years ago
In 2019, Whispering Winds Corp. had net sales of $973,000 and cost of goods sold of $570,900. Operating expenses were $220,300,
tester [92]

Answer:

Whispering Winds Gross profit is $402,100

Explanation:

Multi step income statement differentiate the the operating revenue and expenses from non operating revenue and expenses. It shows the gross profit, operating profit and net profit separately.

     Whispering Winds Corp.

 Income statement for the year 2019

Net sales                               $973,000

Less: Cost of goods sold     <u>$570,900</u>

Gross Profit                                            $402,100

Less:Operating expenses                     <u>$220,300</u>

Operating Profit                                     $181,800

Less: Interest expense                          <u>$14,600  </u>

Profit before Tax                                    $167,200

7 0
3 years ago
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