The new ordinance will make a difference when the new wages will be binding.
<h3>How to depict the information?</h3>
It should be noted that the supply curve shows the relationship between the price and the quantity supplied.
Based on the information given, when the equilibrium wage is above the minimum wage, the ordinance won't make a difference.
On the other hand, when the equilibrium wage is below the minimum wage, it'll make a difference for the worker.
Therefore, joining the lowest of the two points will give the equilibrium.
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I guess the correct answer is traditional.
The way the 19th-century Inuit divided the “spoils of the hunt” demonstrates a traditional economy.
I’ll take the 42000 please
Answer:
results of business activities should be reported in an appropriate monetary unit
Explanation:
Answer:
Option (a) is correct.
Explanation:
EBIT:
= Revenues - Fixed operating costs - (variable cost ratio × revenues)
= $32.2 - $20.8 - (0.30 × 32.2)
= 1.74 million
KH's degree of total leverage:
= (EBIT + Fixed cost) ÷ (EBIT - Interest)
= (1.74 + 20.8) ÷ [(1.74 - (9% × 10)]
= 26.83
Therefore, the KH's degree of total leverage is 26.83.
