1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LenaWriter [7]
3 years ago
6

Assume that the labor market for retail workers is generally unskilled. If a minimum wage is set in the labor market for retail

workers and that this minimum wage is above the equilibrium wage in this particular labor market, then __________ . Select the correct answer below: there will be a shortage of retail workers in this labor market there will be a surplus of retail workers in this labor market. there will be a non-binding price floor there will be a non-effective minimum wage
Business
1 answer:
bazaltina [42]3 years ago
3 0

Answer:

there will be a surplus of retail workers in this labor market.

Explanation:

In the attached diagram the scenario is illustrated.

When the minimum wage is above the equilibrium wage it means that the minimum wage is above what employees are willing to pay workers. So employees will be less wiling to pay this amount.

There will be a reduction in the number of available slots for workers.

On the other hand workers will receive higher wage than they expected but since the slots for work are now limited there will be a surplus of labour in the market

You might be interested in
_______ achieves organizational change through business process changes and dilivery of supporting business systems with a minim
Natalka [10]

Answer:

The correct word for the blank space is: Business System Acquisition Testing & Deployment.

Explanation:

The Business Capability Acquisition Cycle is an approach used by the U.S. Department of Defense (<em>DoD</em>) to perform business acquisition processes efficiently. This is carried out as a cycle with five (5) steps: <em>Capability Need Identification, Business Solution Analysis, Business System Functional Requirements & Acquisition Planning, Business System Acquisition Testing & Deployment, </em>and<em> Capability Support. </em>

In the <em>Business System Acquisition Testing & Deployment</em>, the DoD supports business systems with the ultimate goal to generate a change without deploying too many specialized personnel.

7 0
4 years ago
CarsRUs factors $800,000 of accounts receivable with recourse. The factor (buyer of receivables) charges a 3% finance fee and ho
Dmitry [639]

Answer:

$50,000

Explanation:

Calculation to determine the amount of the loss on sale of receivables that CarsRUs would recognize at the sale of its receivables

Using this formula

Loss on sale of receivables=[(Recourse Accounts receivable*Finance fee charges)+Estimated recourse liability]

Let plug in the formula

Loss on sale of receivables=(3%*$800,000)+$26,000

Loss on sale of receivables=$24,000+$26,000

Loss on sale of receivables=$50,000

Therefore the amount of the loss on sale of receivables that CarsRUs would recognize at the sale of its receivables will be $50,000

4 0
3 years ago
Suppose that the global crude oil price has risen due to refinery breakdowns caused by middle-east politics and warfare. Crude o
Sergeu [11.5K]

Answer:

"Definitely increase" is the correct approach.

Explanation:

  • As fuel demand rises, consumption exceeds the amount, as manufacturers are unable to cope with either the surge in demand whenever the profit margin is still rising.
  • We could perhaps state precisely that consumption overtakes the output of petrol or the curve of availability to that same right as well as would therefore be at that same greater degree.

Thus the above is the correct answer.

8 0
3 years ago
what is mikes roi Mike Smith has the following financial data. Investment Assets at Year End $475,000 Investment Assets at Begin
antoniya [11.8K]

Answer:

Mike's return for the net worth of the year is 22.00%

Explanation:

Total Net Worth =  Assets  -  Liabilities

In the start,  

• Net Worth  =  600,000  -  200,000  =  400,000

At end of year,  

• Net Worth  =  700,000  -  180,000  =  520,000

The Contribution made (During the year)  =  27,000 +  5,000 =  32,000

Therefore,  

Return on the Net Worth =  ( 520,000  -  32,000 )  /  400,000  -  1 = 22.00%

3 0
3 years ago
What computer part will produce a soft copy? * 1 point A. Monitor B. Floppy Disk C. CD/DVD Disk Drive D. Printer
Triss [41]

Monitor, because soft copy is seen on the screen

6 0
3 years ago
Other questions:
  • The January 1, Year 1 trial balance for the Tyrell Company is found on the trial balance tab. The beginning balances are assumed
    14·1 answer
  • When marginal cost is greater than average​ cost, an increase in output up arrow average cost. When marginal cost is less than a
    12·1 answer
  • You are a loan officer at a bank. An applicant comes to
    10·1 answer
  • Schager Company purchased a computer system at a cost of $40,000. The estimated useful life is 10 years, and the estimated resid
    7·1 answer
  • A taxpayer pays __________ tax rate on additional income if the income tax structure is progressive, __________ tax rate on addi
    11·1 answer
  • Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $2,000 in investment expenses. T
    15·1 answer
  • I offer to borrow money from you for 90 days at the following interest rate quotations: a discount rate of 5%. a simple interest
    5·1 answer
  • Western Athletic Club International (WACI) owns and operates a chain of fitness clubs and is interested in estimating the CLV fo
    6·1 answer
  • Reporting Stockholders' Equity
    10·1 answer
  • Drag the tiles to the correct boxes to complete the pairs.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!