Answer:
does not apply to unpaid internships.
Explanation:
Minimum wage is the least price that can be paid to labour. It is an example of price floor.
To be binding, minimum wage is set above equilibrium price.
Minimum wage isn't applicable to unpaid internships because they aren't paid.
Minimum wage would affect the quantity of labour demanded and supplied.
I hope my answer helps you
Answer:
Increase.
Explanation:
The question above refers to auto insurance premium, which is a system that, through a monthly payment, allows an insurer to provide financial support to car owners as a form of security in case of accidents or injuries during driving. .
Many people do not know, however, under contracts with car insurers, smaller deductibles cause the premium to increase, making the individual responsible for insurance need to pay a higher monthly amount. A higher deductible, on the other hand, would reduce the value of the premium. In this case, we can say that if Deon chooses a lower deductible, he will have the high premium.
Answer:
2.38%
Explanation:
In January 2017 the average house price in an area was $279,400
In January 2002 the average house price was $196,300
Therefore the annual increase in selling price can be calculated as follows
t = 15
= ($279,400/$196,300)^1/15 -1
= 1.42333^0.06666 -1
= 1.02378 -1
= 0.02378 ×100
= 2.38%
Hence the annual increase in selling price is 2.38%
Answer:
The depreciation cost of the bus per unit is $ 1.4 which is purchased on January 1, 2019.
Explanation:
The depreciation cost per unit is computed as:
Depreciable asset = Cost - Salvage Value
= $205,860 - $7,900
= $197,960
Depreciation per unit = Depreciable asset /Useful life expected value
= $197,960 / 141,400
= $1.4
Therefore, the per unit cost is $1.4
Answer:
b. Electricity usage over a 24 hour period
Explanation:
Seasonality pattern of demand refers to the want or desire for a good which fluctuates as per the seasonal requirements. For example the demand for air conditioners is most during summers and almost nil during winters.
In the given case, Electricity represents seasonal demand in the sense that during day time, when several tasks are to be performed which are dependent on electricity, the usage is most and such usage falls as one moves towards the evening.
Thus, electricity usage over a 24 hour period represents seasonality pattern of demand.
