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patriot [66]
3 years ago
8

Assume we want to compare minimum wage workers in two different industries: fast food and agriculture. If the fast-food industry

has more substitutes available for labor compared with agriculture, then an increase in the minimum wage will lead to _______ layoffs in the fast-food industry compared to the agriculture industry.
Business
1 answer:
Free_Kalibri [48]3 years ago
7 0

Answer:

employment

Explanation:

many fast foods compared to labor unions is a more less substantial effect on the economy that would lead to layoffs and unemployment

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Service ________ means that a firm cannot store its services.
AleksandrR [38]
The answer is Perishability. It means that a firm cannot store its service. Service Perishability is used in marketing to describe the way in which service cannot stored in the future. The services in Perishability cannot be saved, resold, stored and return once they have been used.  
7 0
4 years ago
The claim is that the proportion of peas with yellow pods is equal to 0.25 (or 25%). The sample statistics from one experiment i
kobusy [5.1K]

Answer:

2.361

Explanation:

Calculation to Find the value of the test statistic

Based on the given information let our:

p=0.25

x = 159

n = 540

Since our p is 0.25 the first step is to find q using this formula

q = 1 - p

Let plug in the formula

q = 1-0.25

q= 0.75

Second step is to find the psample using this formula

psample= x/n

Let plug in the formula

psample= 159/540

psample = 0.294

Last step is to find the value of the test statistic

Using this formula

z= (psample - p) / √(pq/n)

Let plug in the formula

z = (0.294 - 0.25) / √(0.25×0.75/540)

z=0.044/√(0.1875/540)

z=0.044/√(0.000347222222)

z=0.044/0.01863389

z=2.361

Therefore the value of the test statistic will be 2.361

5 0
3 years ago
In the theory of consumer choice, when a person is choosing which good or service to consume, how does he or she select the unit
salantis [7]

Explanation:

The consumer choice theory corresponds to the variables that lead a consumer to consume a product or service instead of another.

The purchase decision-making process consists of several stages where the consumer identifies a need, searches for available options to satisfy that need and finally, evaluates and chooses the most appropriate purchase option.

This decision is linked to the benefits that the consumer will have with the product in relation to his budget.

7 0
3 years ago
Lucas Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two​ departmen
Inessa05 [86]

Answer:

Total cost= $2467

Explanation:

Giving the following information:

The Assembly Department uses a departmental overhead rate of $ 60 per machine​ hour.

The Sanding Department uses a departmental overhead rate of $ 20 per direct labor hour

Direct labor hours used

Assembly Department - 8

Sanding Department - 5

Machine hours used

Assembly Department - 10

Sanding Department - 7

The cost for direct labor is $32 per direct labor hour and the cost of the direct materials used by Job 603 is $1351.

Total cost= direct material + direct labor + MOH

Total cost= 1351 + (13*32) + (60*10 + 20*5)= $2467

7 0
4 years ago
What does liability insurance cover? A. Medical bills for yourself and anyone else in your car in case of an accident B. The bil
Elis [28]

Answer:

D. The medical and car repair bills for anyone else involved in an accident you caused .

Explanation:

Liability insurance covers the medical and car repair bills for anyone else involved in an accident you caused .

4 0
4 years ago
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