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mestny [16]
3 years ago
10

Suppose a senator introduces a bill to legislate a minimum hourly wage of $6. This type of price control is called a

Business
2 answers:
Alekssandra [29.7K]3 years ago
7 0
Legislative movement from the 1980’s
-Dominant- [34]3 years ago
6 0

Answer:

Price Floor

Explanation:

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What is contract theory
lapo4ka [179]

Answer:

the study of how people and organizations construct and develop legal agreements. It analyzes how parties with conflicting interests build formal and informal contracts, even tenancy.

5 0
3 years ago
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Cullumber Products plans to produce 10200 units in January. Each unit requires 6 pounds of plastic, which costs $5 per pound. Wh
yKpoI14uk [10]

Answer:

Standard direct material cost= $306,000

Explanation:

Giving the following information:

Cullumber Products plans to produce 10,200 units in January. Each unit requires 6 pounds of plastic, which costs $5 per pound.

<u>First, we need to calculate the standard pounds needed:</u>

Standard pounds of plastic= 10,200*6= 61,200 pounds

<u>Now, the standard cost:</u>

Standard direct material cost= 61,200*5

Standard direct material cost= $306,000

3 0
3 years ago
Marigold Inc. reported total assets of $2391000 and net income of $318000 for the current year. Marigold determined that invento
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Answer:

Total Assets = $2391000

Net Income = $318000

Explanation:

The corrected amount for total assets and net income for the year :

Total Assets = $2391000

Net Income = $318000

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3 years ago
The Economic Landscape of Oceania World Geography Unit 7:__________Australia, New Zealand, and the Pacific Islands
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The Economic Landscape of Oceania World Geography are catching seals and whales, Trading wood and meats.

5 0
3 years ago
An increase in the real interest rate results in which of the​ following? A. an increase in the demand for loanable funds B. a d
irakobra [83]

Answer:

B. a decrease in the demand for loanable funds.

Explanation:

An increase in the real interest rate will result in a decrease for the loanable funds.

Loans act as a fund that is an amount of money borrowed by the companies to be utilized for the running of the business. Interest is the amount payable at a certain rate on the amount borrowed in the form of loans. Loans are generally provided by either the banks or the financial institutions to the public or even companies.

The higher the rate of interest the lesser the demand for loans is there. Interest is charged on loans because it is a facility given.

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3 years ago
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