I think the answer may be information utility
Choices that is part of this question:
A. a shortage of housekeepers
B. no change in the market for housekeepers
C. a surplus of housekeepers
D. an increase in the qty. of housekeepers supplied
E. unemployment of housekeepers
Equilibrium wage rate is the wage rate wherein the demand meets the supply. However, it does not automatically imply that it is the actual rate given to the housekeeper.
For me, an increase in the minimum wage rate will lead to a <span>D. an increase in the qty. of housekeepers supplied</span>
Answer:
$1,114.86
Explanation:
$1,000 in a 3 year CD
total amount received if CD cashed on maturity = $1,000 x (1 + 4%)³ = $1,124.86
total interest = $1,124.86 - $1,000 = $124.86
penalty = interest for 3 months = 4% x 3/12 = 1% ⇒ $1,000 x 1% = $10
total money received = principal + earned interest - penalty = $1,000 + $124.86 - $10 = $1,114.86