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Allisa [31]
4 years ago
11

When a minimum-wage law forces the wage to remain above the equilibrium level, the result is a. both surplus of labor and a surp

lus of jobs. be. a shortage of labor and a surplus of jobs. c. a surplus of labor and a shortage of jobs. d. both a shortage of labor and a shortage of jobs.
Business
1 answer:
prohojiy [21]4 years ago
6 0

Answer:

The answer is C. a surplus of labor and a shortage of jobs.

Explanation:

When the wage is above the equilibrium level, the quantity of labor supplied exceeds the quantity of labor demanded, this makes workers to be surplus in relative to the available jo vacancies. The surplus of labor being experienced is called unemployment.

And if the quantity of labor exceeds labor demanded, businesses will demand more of workers.

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What does the region between the lines to the left of the​ break-even point​ represent? A. The number of riding mowers that must
JulsSmile [24]

Answer:

B. The loss when x riding mowers are manufactured.

Explanation:

The Left shade of the break-even point​ on the Cost Volume Profit (CVP) Chart, shows the Loss incurred. This is because the Total Revenue Line is below the Total Cost Line(Fixed Costs + Variable Cost). So any number of units manufactured in this area provides a loss.

7 0
3 years ago
Which of the following should be included in the acquisition cost of a piece of equipment?
Mkey [24]

The correct answer is choice d, all are correct.

When calculating the acquisition cost of a piece of equipment it should be the all inclusive cost of the equipment. The cost should include all transportation, installation, site preparation, sales or other taxes and testing costs prior to placing the equipment into production.

6 0
3 years ago
Leigh has information on how many customers purchase bagels at her coffee shop. With the bagel sales numbers from the past four
pshichka [43]
<span>Predict trend
--------------------


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5 0
4 years ago
Read 2 more answers
You expect KT Industries (KTI) will have earnings per share of $5 this year and expect that they will pay out $1.25 of these ear
sleet_krkn [62]

Answer:

9.75%

Explanation:

EPS = Earning per share = $5

DPS = Dividend per share  $1.25

ROI = return on investment = 13%, or 0.13

RR = Retention rate = (EPS - DPS)/EPS = ($5 - $1.25)/$5 = 0.75, or 75%

Growth = RR * ROI = 13% * 75% = 9.75%

Therefore, the expected growth rate for KTI's dividend is closest to 9.75%

7 0
4 years ago
Under which type of policy does the government reduce its expenditures and increase tax rates? A. contractionary monetary policy
zloy xaker [14]

Answer:

B. contractionary fiscal policy

Explanation:

The government influences economic direction through fiscal policy measures of increasing or decreasing its expenditure and taxation. Therefore, fiscal policies involve the government's actions of adjusting its spending and taxation to achieve desired economic objectives.

Fiscal policies can either be contractionary or expansionary. Contractionary measures are applied to control rising inflation and moderate the rate of growth. These policies aim at reducing liquidity in the market, thereby achieving stable prices. A reduction in government spending and an increase in taxation reduces liquidity or money circulation.

4 0
3 years ago
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