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2 years ago

Suppose the equilibrium wage for fast food restaurant workers is $12 per hour. What does that mean?

Business

1 answer:

beks73 [17]2 years ago

4 0

Answer:

This means that the wage of $12 per hour is the wage in which labor supply (the workers) and labor demand (that is demanded by firms) meet and reach market equilibrium.

If the wage was raised, for example to $13 or $14 per hour, there would be an oversupply of fast food workers, leading to unemployment. And if the wage was lowered, for example to $12 or $11 per hour, there would be a higher demand for workers than the supply, leading to a labor shortage for some fast food restaurants.

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Which two forms of financial aid require the student to bear the costs of college education??

Oxana [17]

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3 years ago

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ollegr [7]

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3 years ago

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Piercy, LLC, has identified the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 −$ 68,000 −$ 68,00

den301095 [7]

Answer:

IRR for A= 35.33%

IRR for B = 31.88%

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

IRR can be calculated using a finacial calculator :

IRR for cash flow A

Cash flow in year 0 = −$ 68,000

Cash flow in year 1 = $44,000

Cash flow in year 2 = $38,000

Cash flow in year 3 = $25,000

Cash flow in year 4 = $15,600

IRR = 35.33%

IRR for cash flow A

Cash flow in year 0 = −$ 68,000

Cash flow in year 1 = $30,200

Cash flow in year 2 = 34,200

Cash flow in year 3 = $40,000

Cash flow in year 4 = $24,200

IRR = 31.88%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button

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3 years ago

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2 years ago

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Mona sets up a business consulting firm in which the employees are motivated because they find their work interesting and creati

gayaneshka [121]

Answer:

Letter C is correct. A firm that relies on high output controls to tap into intrinsic motivation.

Explanation:

By carefully selecting the employees of his consulting firm, Mona ensures that each employee's expected competency and skills profile has been met through rigorous selection, which enhances the chances that operational strategies will be more widely deployed and accepted effective.

By setting the expected results, but letting the employees themselves define how to achieve them, it generates an intrinsic motivation, one that generates internal feelings in the individual to want to achieve personal goals, objectives and projects that motivate and stimulate them.

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3 years ago