The government sets a minimum wage above the current equilibrium wage. What effect does the minimum wage have on equilibrium in the labor​ market? What are its effects on consumer​ surplus, producer​ surplus, and total surplus in the labor​ market? ​(Hint: in the labor​ market, workers are​ 'producers' and firms are​ 'consumers'.)

Answers

Answer 1

Question Completion:

A binding minimum wage

does not change

raises

lowers

the market wage and

increases

decreases

does not change

the market employment level.

Answer:

A binding minimum wage

raises

the market wage and

decreases

the market employment level.

Explanation:

This action of the government of setting the minimum wage above the current equilibrium wage will disrupt the equilibrium of labor demand and supply.  Certainly, more labor will be available (the supply side will increase) while the demand for labor by firms or labor consumers will decrease.  This reflects the market dynamics caused by the increased price (in the form of increased minimum wage) and the quantities of labor supplied and demanded.


Related Questions

Do you think it would be worth it to hire an interior designer to decorate your home? Why or why not?

Answers

Answer:

Yes..... Because you wouldn't have to get all the equipment they come prepared

Of course, these engineering controls will cost $33,000 dollars. This is compared to a continuing hearing conservation program to include annual audiograms, or hearing tests, annual training, and providing noise protection for the welding department which is estimated to cost $9,000 per year. This amount would be saved each year if the engineering controls are installed. If the company takes out a loan for $33,000 at 5% interest, what will the payback period be for the loan? Please consult your unit lesson for the necessary formulas. What would be your recommendation to the employer with respect to the options available? Please show your work. Make sure you justify your reasoning and that you consider the hierarchy of controls in your discussion.

Answers

Answer:

Explanation:

As the loan amount is gradually written off by the cost saved , the interest saved is also considered

P= ( 1+ R)^n

F = 9,000

R = 5% , 0.05

Loan amount - $33,000

N=Number of years

Year 1 = 9000( 1+0.05)^-1= 8,571.43

Year 2 =9000(1+0.05)^-2 = 8,163.27=  16.734.70

Year 3= 9000(1+0.05)^-3= 7,774.54 = 24,509.24

Year 4 = 9,000(1+0.05)^-4= 7,404.32= 31,913.56

Year 5 = 9,000 (1+0.05)^-5= 7,051.74= 38,965.3

Payback period is 5 years.

The company has the option of $33,000 for a control that will be repaid over five years period or a continuing hearing conservation program that would have paid ($9,000*5) $45,000 for the five years.

Comparing the two option , The Engineering control is a cheaper option and even with benefits that will outlast the continuing hearing program.

Do you think that MTV’s future lies mostly in its international operations? Explain your

Answers

After careful consideration the answer to this problem looks to be

Manuel works for a very large company that sells stocks to shareholders. This is an advantage for which type of business structure? Choose the answer.

Partnership
Limited Liability Company
Sole Proprietorship
Corporation

Answers

Answer:

Corporation

Explanation:

A corporation is a business ownership structure where the business is considered a legal entity separate from the owners. A corporation is subdivided into small units known as shares. Owning a share implies owning part of the corporation. Shareholders own the shares and the corporation.

The shares of a public corporation can be acquired by purchasing them at the security exchange market.  Anyone can purchase shares and become a shareholder.

How do you determine opportunity cost

Answers

Answer:

See below

Explanation:

Opportunity cost is described as the foregone benefit by preferring one option over others. Opportunity cost arises when a choice is being made from several possible alternatives.  When the preferred option is selected, the benefits from the other alternatives are forfeited.

Opportunity cost is determined by evaluating the forfeited benefits. The benefits from the next best alternative are the opportunity costs. In other others words, the foregone advantages of the option ranked second is the opportunity cost.

An internal study by the Technology Services department at Lahey Electronics revealed company employees receive an average of 6.0 non-work-related e-mails per hour. Assume the arrival of these e-mails is approximated by the Poisson distribution.
a. What is the probability Linda Lahey, company president, received exactly 1 email between 4 P.M. and 5 P.M. yesterday?
b. What is the probability she received 5 or more emails during the same period?
c. What is the probability she did not receive any emails during the period?

Answers

Answer:

B.

Explanation:

measure of how many times an event is likely to occur within "X" period of time. the closest answer is letter B. Example if the fastfood had an average of 500 customer every Wednesday what is the probability that 700 customers will come every Wednesday?.

The amount of goods and services consumers want is called?

Answers

Answer:

C. Demand

Explanation:

Have a nice day

The amount of goods and services that consumers want is called demand.

What is demand?

Demand is an economic concept that refers to a consumer's desire to buy goods and services as well as their willingness to pay a certain price for them. When the price of a good or service rises, the quantity demanded falls. Similarly, lowering the price of a good or service raises the quantity demanded.

Demand is a concept that both consumers and businesses are familiar with because it makes sense and occurs naturally throughout almost any day. For example, shoppers who have their eye on a product will buy more if the price is low. When prices rise, such as when the seasons change, shoppers buy fewer items, or none at all.

Therefore, demand is the amount of goods and services consumers want.

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10-10. Why does CrowdStrike’s appointment to the Forbes list of best places to work point to long-term success for the company?

Answers

CrowdStrike's appointment indicates long-term success because it suggests that the company has a positive workplace culture and values which can lead to higher employee retention rates and increased productivity.

How does CrowdStrike's inclusion contribute to long-term success?

As CrowdStrike's is recognized as top employer by a prestigious publication, Forbes can enhance its reputation and brand image which can help attract top talent and retain current employees.

This inclusion also indicates that the company is dedicated to providing a positive work environment and investing in its employees' well-being. All this can result in higher job satisfaction, increased employee engagement and improved productivity which can all contribute to the company's long-term success.

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Identify some of the ways that Starbucks ‘engages’ its consumers in customer relationships?

Answers

They keep the conversation going. They offer real value, meaning leading with content not products, building their communities

Answer:

1. Social media. Like many other companies, Starbucks tries to engage customers using social media.

2. Sale promotions. Sales promotion is a marketing strategy where the product is promoted using short-term attractive initiatives to stimulate its demand and increase its sales.

3. Advertisements.

Explanation:

what is accounting receivable?

Answers

Answer:

Is the balance of money due to a firm for goods or service delivered or not yet paid

Explanation:

Account are recorded on balance sheet on current account

why does a venue require an F&B minimum​

Answers

A food and beverage minimum is the amount you required to spend on food and beverage to use a space. It rarely includes taxes, fees or gratuities. It also often takes of a room rental fee
-I hope this helps!! Make me brainliest

Please Help!!!!

What are some reasons that companies might not be addressing Gen Y leadership development programs? Discuss

Answers

Due to the way they were taught, Generation Y really has a propensity to struggle with problem solving, failing, accepting and learning from errors, and having realistic expectations. Independence, accountability, and responsibility are all reduced.

What tactics should managers take when interacting with Generation Y workers?

What Every Manager Needs to Know About Managing Generation Y

Help them get used to working there without alarming or insulting them.Provide them trustworthy educational experiences that will enable them to be successful in their careers.Prevent them from self-destructing.

What can be a drawback for Gen Y workers?

The stereotypes about millennials include being too relaxed, impatient, and lazy. Employers of Generation Y workers say that these people have low standards for pay, a poor work ethic, and difficulty focusing and concentrating. They seem to be hopping jobs in an outrageous manner.

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Javier has documents to give to his tax preparer. He had not started his tax return for this year but is a prior client what services do you offer him

Answers

Tax preparers will compute, file, and offer assistance to Javier.

What is the role of Tax preparers?

The primary objective of these experts is to maximize tax returns for clients while abiding by all relevant rules.

Tax preparers can assist with tax return preparation as well as accounting, bookkeeping, and payroll services. Many tax preparers are employed full-time, part-time, or independently at private businesses or accounting firms. Although most of these specialists are employed year-round, tax season is often their busiest time.

Customer service, financial analysis, data input, and data management abilities are frequently used by tax preparers. Those who are good at problem-solving, communication, and critical thinking may excel in this position.

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. Write short note on any three (3) of the following a. Programme decision b. Non-Programme decision c. Decision matrix​

Answers

Programme decision: A program decision is a decision that affects or is affected by a program, and may be a decision to implement, modify, or terminate a program.

Non-programme decision: A non-program decision is a decision that is not related to a program, and may include decisions related to policies, procedures, operations, staffing, and resources.

Decision matrix: A decision matrix is a tool that is used to evaluate and prioritize options based on a set of criteria.

Programme decision: A program decision is a decision that affects or is affected by a program, and may be a decision to implement, modify, or terminate a program. These decisions are often made at the strategic level, and have a significant impact on the organization's mission, goals, and objectives. Non-programme decision: A non-program decision is a decision that is not related to a program, and may include decisions related to policies, procedures, operations, staffing, and resources. These decisions are often made at the operational level, and have a direct impact on the day-to-day operations of the organization. Decision matrix: A decision matrix is a tool that is used to evaluate and prioritize options based on a set of criteria. The matrix provides a visual representation of the decision-making process, and can be used to compare options based on their relative strengths and weaknesses. The decision matrix can be used to facilitate group decision-making, and can help to ensure that decisions are based on objective criteria rather than personal biases or preferences.

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"Group decision making is better". Do you agree or disagree with the statement? Give 3 reasons why do you say so?​

Answers

Answer:

I agree because it make the group bring out more ideals

sometimes group decision make some people to voice out their problems

group decision help organization and firms to operate in good aims

Prepare a comparative income statement for any company extracting their P&L statement for the years 2020-21 & 2021-22. Analyse the incline and decline in the different elements in the P&L Statement and provide detailed insights.

Answers

Answer:

this is my own answer

Explanation:

hi

How to Prepare a Comparative Income Statement?

Step 1: Specify absolute figures of items like goods sold, net sales, selling expenses, etc., relating to the accounting period under consideration for analysis.

Step 2: Calculate the absolute change in the items mentioned in the income statement.

A bridge on a prominent public roadway in the city of Springfield, Ohio, was deteriorating and in need of repair. The city posted notices seeking proposals for an artistic bridge design and reconstruction. Bridges by Madison LLC, owned and managed by Madison Mason and his wife, May Mason, decided to submit a bid for a decorative concrete project that incorporated artistic metalwork. They contacted Pablo Hand, a local sculptor who specialized in large-scale metal designs, to help them design the bridge. The city selected their bridge design and awarded them the contract for a commission of $184,000. Bridges by Madison and Hand then entered into an agreement to work together on the bridge project. Bridges by Madison agreed to install and pay for concrete and structural work, and Hand agreed to install the metalwork at his expense. They agreed that overall profits would be split, with 25 percent to Hand and 75 percent going to Bridges by Madison. Hand designed numerous metal pig sculptures that were incorporated into colorful decorative concrete forms designed by May Mason, while Madison Mason performed the structural engineering. The group worked together successfully until the completion of the project. Suppose Hand had entered into an agreement to rent space in a warehouse that was close to the bridge so that he could work on his sculptures near the location at which they would eventually be installed. He entered into the contract without the knowledge or consent of Bridges by Madison. In this situation, would a court be likely to hold that Bridges by Madison was bound by the contract that Hand entered? Help please here is the multiple choices

A bridge on a prominent public roadway in the city of Springfield, Ohio, was deteriorating and in need

Answers

Answer:

Bridges by Madison and Hand

Agreement by Hand for a Warehouse:

1. Yes - when they agreed to work together, this implied that they would agree to be liable for each other's contracts.

Explanation:

This is especially as far as this joint project is concerned.  Since the purpose of the warehouse was to further and fulfill the project, the agreement entered into by hand for a warehouse affects Bridges by Madison.

In a joint venture, every aspect of the project's lifetime is shared: shared profits, shared losses, shared rewards, shared risks, shared obligations and responsibilities, shared rights and privileges until the end of the project, which also ends the joint venture, unless there is a binding agreement to the contrary.  In such a case, Hand would not have been a joint-venturer but a sub-contractor.

Which scenario describes the highest level of productivity?

A. Producing 50 chairs using resources that cost $400
B. Producing 15 chairs using resources that cost $150
C. Producing 5 chairs using resources that cost $100
D. Producing 100 chairs using resources that cost $200

Answers

The scenario that describes the highest level of productivity is option D. Producing 5 chairs using resources that cost $100. Calculating the highest productivity:

For A. The cost should be $400 for 50 chairs so per chair should be = $400 ÷ 50 = 8. For B. The cost should be $150 for 15 chairs so per chair should be = $150 ÷ 15 = 10. For C. The cost should be $100 for 5 chairs so per chair should be = $100 ÷ 5 = 20. and For D. The cost should be $200 for 100 chairs so per chair should be = $200 ÷ 100 = 2

What is productivity?

Productivity is the efficiency of production of goods or services expressed by some measure. Measurements of productivity are often expressed as a ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time.

Therefore, the correct answer is option D.

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Assigning common fixed costs to segments impacts ______. Multiple choice question. neither segment margin nor total corporate profit segment margin only total corporate profit only both segment margin and total corporate profit

Answers

Both the segment margin and total corporate profit are affected by the assigning of common fixed costs to segments.

What is a Common Fixed cost?

A common fixed cost refers to a fixed cost which supports the firm activities of the different business segments.

Usually, it is very hard to separate the common fixed cost from each segment or unit.

Hence, the segment margin and total corporate profit are affected by the assigning of common fixed costs to segments.

Therefore, the Option D is correct.

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Select the correct answer from each drop-down menu.
Which sector dominates developed economies such as the United States?
In developed economies such as the United States, the
sector dominates the economy, Examples include legal firms,
v , and so on?

Answers

A highly developed and technologically advanced services sector makes up around 80% of the U.S. economy's output. The American economy is dominated by service based enterprises in industries including technology, banking, healthcare, and retail.

Which industries predominate in developing nations?

In emerging nations compared to developed nations, the primary sector typically makes up a bigger share of the GDP.

What can be done by the government to boost the economy?

The total amount that businesses and individuals must spend, or the overall supply of cash in the economy, can be altered by taxation as well as government spending. In a downturn, either increasing spending, lowering taxes, or doing both is the wisest course of action.

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I need some help please and thank you branliest to correct answer no guessing please

I need some help please and thank you branliest to correct answer no guessing please

Answers

Answer:

A career explanation tool...

Explanation:

Hope i helped u

In the United States, what is the average age range of CEOs?

A.
30s

B.
40s

C.
50s

D.
60s

Answers

Answer:

Explanation:

The average age range of CEOs in the United States is in their 50s. (Option C)

Joan filed her individual income tax return 4½ months after it was due. She did not request an extension of time for filing. Along with her return, Joan remitted a check for $750, which was the balance of the taxes she owed with her return. Disregarding interest, calculate the total penalties that Joan will be required to pay, assuming the failure to file was not fraudulent

Answers

Answer:

$187.50

Explanation:

Calculation to determine the total penalties that she will be required to pay

Based on the information if she remitted a check for the amount of $750 the total penalties that she will be required to pay, if it was assumed that the failure to file was not fraudulent will be calculated as:

Total penalties=[$750*(5%*5)]

Total penalties=$750*0.25

Total penalties= $187.50

Therefore the total penalties that she will be required to pay is $187.50

Animal and Plant Cells Review

Answers

Answer:

i got my answer

Explanation:

So now that i got explanation cell C and B wall menas cytoplasm also which which animal does. u hope this helpd.

What can people do better to make a better place in this earth

Answers

Answer:

not be so selfish and quit worrying about materialistic things and worry about the better being of others but be kind n respectful to your self at the same time

We can always recycle ♻️. A clean environment can help animals.

Felicia owns a harvesting machine that she uses to harvest wheat. She operates her harvester on many different
farms each year. Her job is best described as a(n)
Oscar orders, stocks, and sells parts for tractors and other farming equipment. He works for a tractor dealership and
frequently visits different farms to meet customers and show them his products. Oscar's job is best described as a(n)
Jodi is a mechanic who specializes in fixing broken truck and tractor engines. She sometimes works at a tractor
dealership and sometimes visits farms to fix broken-down equipment. Jodi's job is best described as a(n)

Answers

Answers :

1.Agricultural Equipment Operator

2. Parts Salesperson

3. Farm Equipment Mechanic

Answer:

Agricultural Equipment Operator

Parts Salesperson

Farm Equipment Mechanic

Explanation: correct

Osage Corporation issued 2,000 shares of stock. Prepare the entry for the issuance under the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,650.)
(a) The stock had a par value of $5 per share and was issued for a total of $52,000.
(b) The stock had a stated value of $5 per share and was issued for a total of $52,000.
(c) The stock had no par or stated value and was issued for a total of $52,000.
(d) The stock had a par value of $5 per share and was issued to attorneys for services during incorporation valued at $52,000.
(e) The stock had a par value of $5 per share and was issued for land worth $52,000.

Answers

Answer:

A. Dr Cash 52,000

Cr Common Stock 10,000

Cr Paid-in Capital in Excess of Par-Common Stock 42,000

B. Dr Cash 52,000

Cr Common Stock 10,000

Cr Paid-in Capital in Excess of Stated Value-Common Stock 42,000

C. Dr Cash 52,000

Cr Common Stock 52,000

D. Dr Organization Expense 52,000

Cr Common Stock10,000

Cr Paid-in Capital in Excess of Stated Value-Common Stock 42,000

E. Dr Land 52,000

Cr Common Stock 10,000

Cr Paid-in Capital in Excess of Stated Value-Common Stock 42,000

Explanation:

Preparation of the entry for the issuance

A. Dr Cash 52,000

Cr Common Stock 10,000

(2,000 x 5 )

Cr Paid-in Capital in Excess of Par-Common Stock 42,000

(52,000 – 10,000)

B. Dr Cash 52,000

Cr Common Stock 10,000

(2,000*5)

Cr Paid-in Capital in Excess of Stated Value-Common Stock 42,000

(52,000 – 10,000)

C. Dr Cash 52,000

Cr Common Stock 52,000

D. Dr Organization Expense 52,000

Cr Common Stock10,000

(2,000*5)

Cr Paid-in Capital in Excess of Stated Value-Common Stock 42,000

(52,000-10,000)

E. Dr Land 52,000

Cr Common Stock 10,000

(2,000*5)

Cr Paid-in Capital in Excess of Stated Value-Common Stock 42,000

(52,000-10,000)

Computing investing cash flows
Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a minus sign.) Sold a truck costing $48,000, with $25,200 of accumulated depreciation, for $11,200 cash. The sale results in a $11,600 loss. Sold a machine costing $13,800, with $9,600 of accumulated depreciation, for $8,200 cash. The sale results in a $4,000 gain. Purchased stock investments for $17,600 cash. The purchaser believes the stock is worth at least $33,200.

Answers

Answer: Please refer to Explanation

Explanation:

The Cash Flow Statement was created to ensure that businesses would know just how much hard cash they actually have. This Statement is therefore different from others in that in only records cash when it has been received and/or disbursed thus making it easier for a company to know how much cash it has.

The Investing Section of the Cashflow statement deals with fixed assets as well as transactions involving securities and bonds of other entities as those are investments.

When cash is spent on these transactions it is a Cash Outflow and is therefore subtracted.

When cash is received from such transactions it is considered a cash inflow and is added.

Effects of Above Transactions.

Sold a Truck for $11,200. This will INCREASE the Investing Cash Flow by $11,200.

Sold a Machine for $8,200. This will INCREASE the Investing Cash Flow by $8,200.

Purchased stock investments for $17,600 cash. This will DECREASE the Investing Cash Flow by -$17,600 as it was a cash Outflow.

The Investing Section of the Cash Flow Statement will look like,

Sold a Truck $11,200

Sold a Machine $8,200

Purchased stock investments -$17,600

Net Cashflow from Investing Activities $1,800

What are the keys to being an agile manufacturer?

Answers

some of the key to being an agile manufacturer are Product design that is flexible and customer-focused, information technology, corporate partners, and a knowledge culture.

What is  an agile manufacturer?

Agile manufacturer are the extremely strong on changing their features while keeping an eye on the competitors. They ensure the customer turning speed and agility to get the competitive advantage. it is the best approach in today's world.

Thus, product design that is flexible and customer-focused

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Guji company had the following amounts of assets and liabilities at the beginning and end of last year:
Assets Liabilities
Beginning of the year………………Br.75,000 Br. 30,000
End of the year….……………………120,000 46,000
Determine the net income or net loss of Guji for the year under each of the following unrelated assumptions:
Owner made no additional investment and withdrew no amount during the year
Owner made no additional investment but withdrew Br.17,500 to pay for her personal expenses
Owner withdrew no amount during the year but made additional investment of Br. 32,500 cash.
Owner withdrew Br.17,500 and invested Br.25,000 cash during the year.​

Answers

$32300 is the net income of Guji for the year under each of the following unrelated assumptions.

Explanation:

Total assets=Total liabilities +Total equity

Beginning equity=(231,000-96500)=$134500

Ending equity=(262,000-78400)=$183600

Ending equity=Beginning equity+Issue of common stock+Net income-Dividends

183600=134500+23500+Net income-6700

Net income=(183600+6700-134500-23500)

=$32300.

Thus, $32300 is the net income.

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Other Questions
Use part one of the fundamental theorem of calculus to find the derivative of the function. W g(w) = = 60 sin(5 + +9) dt g'(w) = Will make BRAINLIEST Convert -11F into degrees Celsius, and then into kelvins. Please help and show your work 1. (04.02 MC)On a coordinate grid, point A is located in the first quadrant. Point B is located at -1/2, 1. Point C is a reflection of point B across the y-axis. Which graph shows these three points? (5 points)A. A coordinate grid from negative 3 to positive 3 on both axes is drawn in increments of 1 over 2. Point A is plotted with 2 grid lines to the left of the y-axis and 4 grid lines above the axis. Point B is plotted at 1 grid line to the right of the y-axis and 2 grid lines above the x-axis. Point C is plotted at 1 grid line to the left of the y-axis and 2 grid lines below the x-axis.B. A coordinate grid from negative 3 to positive 3 on both axes is drawn in increments of 1 over 2. Point A is plotted 2 grid lines to the left of the y-axis and 4 grid lines above the axis. Point B is plotted at 1 grid line to the right of the y-axis and 2 grid lines above the x-axis. Point C is plotted at 1 grid line to the right of the y-axis and 2 grid lines below the x-axis.C. A coordinate grid from negative 3 to positive 3 on both axes is drawn in increments of 1 over 2. Point A is plotted 2 grid lines to the right of the y-axis and 4 grid lines above the axis. Point B is plotted at 1 grid line to the left of the y-axis and 2 grid lines above the x-axis. Point C is plotted at 1 grid line to the left of the y-axis and 2 grid lines below the x-axis.D. A coordinate grid from negative 3 to positive 3 on both axes is drawn in increments of 1 over 2. Point A is plotted 2 grid lines to the right of the y-axis and 4 grid lines above the x-axis. Point B is plotted at 1 grid line to the left of the y-axis and 2 grid lines above the x-axis. Point C is plotted at 1 grid line to the right of the y-axis and 2 grid lines above the x-axis.WHICH ONE DO I PICK HELP Write a report comparing the two shirts, keeping in mind the elements and principles of design. if a 120v feeder for nonmotor loads feeds a continuous load rated at 20a and a noncontinuous load at 25a, what size overcurrent protective device should be selected? i will mark you brainlyest What is the greatest common factor of 18 and 50 A group of engineers is preparing a satellite to land by moving it 10% closer toEarth in each rotation. Which statement is correct about the rotational inertia ofthe satellite? (1 point)O Rotational inertia does not change because it is conserved.Rotational inertia increases proportional to the decrease in theradius of rotation.Rotational inertia first decreases and then increases as thesatellite is ready to land.ORotational inertia decreases proportional to the decrease in theradius of rotation. lhamo said to pema ,"leave me alone " ( use command) Your yacht sails in the direction S 71 W for 141 miles. It then turnsand sails in the direction N 63 E 213 miles. Find its distance fromthe starting point. Round answer to nearest hundredth. What causes/what is wrinkles on back hands. provide an answer in the text box Editorial for a Daily Magazine on the Importance of Religious Tolerance in Nepal. 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Each game costs $1.25 and each ride costs $2.25. Sydney spent $24.25 altogether at the carnival and the number of rides she went on is 3 more than the number of games she played. Determine the number of games Sydney played and the number of rides Sydney went on 25 POINTS !! CER: Should schools take a more active part in teaching Women's History during Women's History Month? ( I need at least 5 sentences)