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larisa [96]
2 years ago
5

A law passed increasing the minimum wage by 10%.

Business
1 answer:
MatroZZZ [7]2 years ago
6 0

The increase in the minimum wage in the economy would cause employers to increase charges that they give to consumers by about 4 percent.

<h3>What is the impact of minimum wage on goods?</h3>

When minimum wage is raised in the economy, it means that the employers of labor would have to pay more operational cost for labor.

The effect that this would have on goods is that the people that consume the goods would have to pay extra for them.

Based on research, an increase in minimum wage raises prices by 4 percent in the economy.

Read more on minimum wage here:brainly.com/question/1461885

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A manufacturing company applies factory overhead based on direct labor hours. at the beginning of the year, it estimated that fa
slamgirl [31]

Answer:

The amount of underapplied manufacturing overhead at the end of the year is $1200.

Explanation:

Total estimated $360,000/est

direct labour hours 45000 = $8x (Actual Dl hours) 47000

                                             = $376,000

Actual Overhead worked = $377,200 - $376,000

                                           = $1200 underapplied

Therefore, The amount of underapplied manufacturing overhead at the end of the year is $1200.

7 0
3 years ago
The shadow banking system refers to Group of answer choices nonbank financial institutions such as investment banks and hedge fu
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Answer: nonbank financial institutions such as investment banks and hedge funds

5 0
3 years ago
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Jeremy was interested in science and math in school. In college, Jeremy studied to become an ecologist who studies the effect of
Amanda [17]

Answer:

The ways Jeremy can use math and science in his career are:

  • Perform scientific research.
  • In the evaluations and analyzes, he makes of his data collection.

Explanation:

Ecology is the branch of science that studies the interrelationships between organisms and their environment; ecology is an extensive branch by which ecologists can work in the field or laboratories.

Ecologists aim to study the diversity of the ecosystem and study how to make less impact on the environment.

In the case of Jeremy, who was interested in mathematics and science at school, now, being an environmentalist, he would use this knowledge in his scientific research when collecting data from his research. And how to calculate the effect of fertilizer on wildlife this through the analysis and evaluation of its collected data.

I hope this information can help you.

5 0
3 years ago
If national pride in the local capability to make a complex product is the objective of government policy, the best policy strat
Helga [31]
It is always the aim of the government that people take pride with the things that the locals in their land are able to produced. If this is the main aim of the government then, it should be a policy that one should buy the local products first. In line with this, the government may limit the amount of imported goods reaching their area as these imported good may jeopardized the aim to take pride in the local ones. 
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3 years ago
Classify each of the following based on the macroeconomic definitions of saving and investment:1. Saving Investment Kyoko borrow
r-ruslan [8.4K]

Answer

The classification is shown below:

Explanation:

The saving refers to the amount i.e above its consumption expenditure let us take an example if an individual salary is $100,000 and its expenditure assumes $50,000 then it saves $50,000 so the $50,000 is the savings.  While the investment is the amount that is spent to buy some assets in terms of building, machinery, home, etc.

So the classification is presented below:

a. Kyoko borrows money to build a new lab for her engineering firm.  = Investment

b. Rina purchases stock in Nano Speck, a biotech firm.  = saving

c. Musashi takes out a mortgage for a new home in Detroit. = investment

d.Jacques purchases a corporate bond issued by a car company. = saving

6 0
3 years ago
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