Usually, a minimum wage that is set below a market's equilibrium wage will result in an excess demand for labor, which is, a shortage of workers.
<h3>What is a
market's equilibrium wage?</h3>
The equilibrium market wage refers to an intersection of the supply and demand for labor wage.
The minimum wage means the ceiling wage that must be paid to the labor.
Hence, when a minimum wage is set below a market's equilibrium wage, it will result in an excess demand for labor, which is, a shortage of workers.
Therefore, the Option B is correct
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Answer:
Hi there <u>the correct answer will be is C. Distribution</u>
<u>hope it helps to your question!</u>
Answer:
The business is demonstrating ethical environmental practices.
Explanation:
The business is being mindful of the environment. Reduced carbon emissions are the remedy for global warming. Owners of these factories care about future generations. Workers in the factories will be healthier as a result of more fresh air.
Explanation:
A company stakeholder can be either an individual group of people or an institution whose actions can affect a business or can be affected by the actions of that business. examples of those stakeholders include government, business, competitors, media groups.
Answer:
separates costs into fixed and variable component
can assist with management decision making
Explanation:
The contribution margin may be defined as when we deduct the expenses of the variable from sales. Where contribution margin shows the organization revenue is contributing to net income and fixed cost.
The statement of contribution margin income tells of the earnings at various stages of operations.
This report of income is not used for external reporting purposes but rather for internal decision making by the management.
Therefore according to the above description, the last two statements are correct.
