What happens when wages are set above the equilibrium level by law?.
Answers
When wages are set above the equilibrium level by law, it causes a surplus of labor. This surplus occurs because there are more individuals who are willing to work than there are job vacancies available.
The equilibrium level is the point at which the demand for labor equals the supply of labor, and the market for labor is in balance. The equilibrium price is determined by the supply and demand curves intersecting each other at a particular point on the graph. The law of supply and demand is an economic theory that explains how the interaction between buyers and sellers in a free market determines the price of a product or service. It states that the price of a product or service will increase when demand exceeds supply, and decrease when supply exceeds demand. Wages are payments made to employees by employers in exchange for their services. They are typically paid on an hourly, daily, or weekly basis and can be either fixed or variable. Wages can also include benefits such as health insurance, retirement plans, and paid time off.
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Related Questions
The paid/owned/earned media categorization would classify social media sharing of a company's content as Select one: O a. paid media O b. owned media Oc.earned media
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The paid/owned/earned media categorization classifies social media sharing of a company's content as earned media.
Earned media refers to publicity and promotion generated through word-of-mouth, customer reviews, or social media sharing, which is not directly controlled or paid for by the company.
In this case, when users share a company's content on social media, it is considered earned media because it is generated by the users themselves and not the company. This type of media is valuable as it indicates genuine interest from the audience and often leads to increased brand exposure, trust, and credibility.
In contrast, paid media involves direct payment for advertisement placements, while owned media consists of channels controlled by the company, such as its website or social media profiles.
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A company is currently using its two inputs L and K, where MPL - 3.2K^0.4 L^-0.2, and MPK - 1.6K ^-0.6 L ^0.8 The firm pays a wage (W) of $80 per L and pays a rental rate of capital (R) of $40 per K. unit(s) of K for every -- The optimal (cost minimizing) combination of labor and capital is to employ unit of L (K should be times L). Answer as a whole number.
Answers
To find the optimal combination of labor (L) and capital (K) that minimizes costs, we need to equate the marginal product of labor (MPL) to the wage rate (W) divided by the marginal product of capital (MPK) to the rental rate of capital (R).
Given MPL = 3.2K^0.4 L^-0.2 and MPK = 1.6K^-0.6 L^0.8, we can set up the following equation:
3.2K^0.4 L^-0.2 = (W/R) * 1.6K^-0.6 L^0.8
Substituting W = $80 and R = $40, we get:
3.2K^0.4 L^-0.2 = (80/40) * 1.6K^-0.6 L^0.8
3.2K^0.4 L^-0.2 = 2 * 1.6K^-0.6 L^0.8
Simplifying the equation, we have:
K^0.4 L^-0.2 = 3.2K^-0.6 L^0.8
Taking the ratio of the exponents, we get:
0.4/-0.2 = -0.6/0.8
2 = -0.75
Since the equation does not hold true, there is no feasible solution that satisfies the condition for cost minimization.
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only people who own property need insurance
true or false
Answers
Answer:
false
Explanation:
pretty sure that is false as one can have life insurance without property.
Still double check...
If you were a restaurant manager, what kinds of policies would you put in place to create a positive work environment?
Answers
Answer
Clean areas
Explanation:
Identify the term for unsold goods, raw materials, Or work-in-progress that a company has.
Answers
Answer:
Inventory
Explanation:
Inventory refers to
The finished products in the warehouse or store that is ready for sale. Raw materials used in the production of goodsGoods that in the production process, also known as work in progress.Inventory is held with the intention of selling. It is classified as current assets. Income realized from the sale of inventory is revenue to the business.
The definition of competitiveness is how effectively ______. Multiple choice question. an organization can meet customer needs/wants compared to others with similar products/services
Answers
Answer:
an organization can meet customer needs/wants compared to others with similar products/services
Explanation:
The Affordable Care Act provides that individuals and families may take a tax credit called the ______ to help them purchase health insurance through a health insurance exchange. A. Health insurance tax deduction B. Modified Adjusted Gross Income (MAGI) Credit C. Health Insurance Premium Tax Credit D. American Opportunity Tax Credit
Answers
The Affordable Care Act provides that individuals and families may take a tax credit called the Health Insurance Premium Tax Credit to help them purchase health insurance.
What is Affordable Care Act?The Affordable Care Act was enacted to reduce the cost of health insurance coverage for people who qualify for it.
The law of the Affordable Care Act make provision for premium tax credits and cost-sharing reductions to help the lower-income group.
Hence, the Act provides that individuals and families may take a tax credit called the Health Insurance Premium Tax Credit to help them purchase health insurance through a health insurance exchange.
Therefore, the Option C is correct.
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On March 1, 2017, Carla Vista Co. Acquired real estate, on which it planned to construct a small office building, by paying $79,000 in cash. An old warehouse on the property was demolished at a cost of $8,000; the salvaged materials were sold for $1,660. Additional expenditures before construction began included $1,160 attorney's fee for work concerning the land purchase, $4,400 real estate broker's fee, $8,660 architect's fee, and $13,800 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land.
Answers
Answer:
The reported cost of the land = $99,560
Explanation:
In order to calculate the cost of the land, it is important to note that the amount recorded as cost of the land, includes the actual amount paid as the market price of the land, including all the necessary costs incurred to make the land ready for use. These include: attorney's fees, cost of demolition of old properties, broker's fees etc.
To calculate the net cost of the land, let us identify all the transactions done in the purchase of the land. This is done as follows:
market value of land = $ 79,000
cost of demolition = $ 8,000
additional expenses = $ 1,160
attorney's fee = $ 4,400
broker's fee = $ 8,660
salvaged materials = $ 1,660 (minus)
Total = $ 99,560
Note that the amount gotten from sale of salvaged materials is subtracted from the cost of land, because it is an income, not expenditure, while the architect's fee is not used in the calculation because, it doesn't meet the criteria for cost of land, instead it is part of the cost of building after the acquisition of the land.
which of the following tools is typically used to investigate how others have solved similar problems? (select the best answer) A. Cause-and-effect diagramsB. BenchmarkingC. 5 whys/why-why analysisD. Brainstorming
Answers
The tool that is typically used to investigate how others have solved similar problems is Option B. Benchmarking.
The goal of benchmarking is to identify areas where improvements can be made and to learn from others' successes and failures. Benchmarking can be done in several ways, including internal benchmarking, competitive benchmarking, and functional benchmarking. Internal benchmarking compares different departments or processes within an organization to identify best practices and improve performance.
Competitive benchmarking compares an organization's processes and performance metrics to those of its competitors to identify areas where improvements can be made. Functional benchmarking compares processes and performance metrics of similar functions across different industries or companies to identify best practices and improve performance. Benchmarking is a useful tool for any organization looking to improve its performance and efficiency.
By studying how others have solved similar problems, organizations can learn from their successes and failures and improve their own processes. It also helps organizations to stay competitive and relevant in the market. Therefore, the correct option is B.
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If your firm establishes a defensive plan to prevent the firm's weaknesses from making it highly susceptible to external threats, that would be an example of an s-t strategy.
a. True
b. False
Answers
The given statement "If your firm establishes a defensive plan to prevent the firm's weaknesses from making it highly susceptible to external threats, that would be an example of an s-t strategy." is true.
An s-t (strengths-threats) strategy involves using a firm's strengths to mitigate external threats. One way to implement this strategy is by establishing a defensive plan to prevent the firm's weaknesses from making it highly susceptible to external threats. For example, if a firm has a weak financial position, it could establish a defensive plan to reduce expenses and improve cash flow, which would help it weather economic downturns or changes in the market.
This approach allows the firm to leverage its strengths and minimize the impact of external threats, making it more resilient and better able to compete in the market. By taking a proactive approach to managing weaknesses and external threats, a firm can position itself for long-term success and sustainable growth. Overall, the s-t strategy is an important tool for firms to use in developing their overall strategic plans and ensuring that they are well-positioned to meet the challenges of the market.
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During Program Increment (PI) Planning, a scrum of scrums occurs just before the draft planreview. The Scrum Master from one team raises an issue that one of the Product Managers justshowed up to the planning area with a priority wish list of items. These items do not align with theFeature prioritization.What is the most likely planning anti-pattern causing this sudden impediment?
A. There is strong alignment between business and marketing
B. Planning decisions have been centralized
C. Prioritization by Product Management was performed autonomously not collaboratively
D. There is no social network that Solution development relies on
Answers
"Last-Minute Changes" is the planning anti-pattern most likely to be responsible for this unexpected obstacle. This anti-pattern happens when late-arriving requirements from stakeholders, such as product managers, cause the planning process to be disrupted. In this instance, a last-minute adjustment that would not fit with the Feature prioritisation on the Product Manager's priority wish list would be disruptive to the PI Planning process.
Missed commitments, scope creep, and lower productivity can all be consequences of this anti-pattern. Establishing a clear methodology for prioritising features and making sure that stakeholders submit their opinion within the designated timescales are crucial for preventing this anti-pattern. In order to ensure that changes are considered and accepted, communication and collaboration between teams and stakeholders should also be encouraged.
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The tendency for managers to compare the performance of divisions within a company to each other using the same metrics regardless of each division's unique characteristics is known as _____ bias. a.surrogation b.division c.metrics dmon measures
Answers
Answer:
Metrics Bias.
Explanation:
Metrics is defined as a standard of measurement while bias can be explained to occur when there is lack of fairness in arriving at a decision.
Using the same metrics within a company to evaluate the performance of different divisions where each division has its own unique characteristics will not give a fair decision and due to metrics bias as the metrics used may tend to favor some divisions more than others.
Conducting an effective performance appraisal meeting is always easier if the rater begins the meeting with a criticism of the employee and moves forward from there. is always easier if the rate limits the number of opportunities the employee has to speak. is facilitated if the rater has empathy for the employee. is easier if they rater completes the performance appraisal form as he talks to the employee during the actual performance appraisal meeting.
Answers
Answer:
is facilitated if the rater has empathy for the employee.
Explanation:
A performance evaluation is a tool of the HR department used in organizations with the objective of evaluating how an employee or a team conducts their work, how their actions affect positively or negatively in the achievement of organizational objectives and goals, that is, it is a way of analyzing whether a collaborator's work meets the company's expectations.
Therefore, there are some issues that can hinder this evaluation, such as some existing bias due to some situation, which may cause the performance evaluation to not be fully consistent with reality.
So when the appraiser has empathy for the employee, the assessment is facilitated, as there is greater understanding and search for solutions for the employee to develop and improve situations that were not so positive in the assessment.
Which of the following statements is NOT true about the services trade today?
A) Trade in services makes up about 20 percent of total world trade.
B) Trade in services tends to be more important for emerging markets.
C) The United States is a top exporter of services in the world.
D) Trade in services is growing for many nations.
Answers
The statement that is NOT true about the services trade today is A) Trade in services makes up about 20 percent of total world trade.
While trade in services has been growing in importance over the years, it currently makes up more than 50 percent of world trade, according to the World Trade Organization. This is a significant increase from the past, where services were often overlooked in discussions of international trade. Trade in services tends to be especially important for emerging markets, as these countries often have more developed service sectors than they do manufacturing or agricultural sectors. The United States is also a major player in the services trade, being one of the world's top exporters of services. As trade in services continues to grow, many nations are looking for ways to better integrate services into their economies and increase their share of this important market.
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How can you take effective notes during a classroom lecture? Check all that apply.
Write down everything I hear.
Use the Cornell method.
Listen for keywords.
Pause to take notes when needed.
Write down notes without pausing.
Sit where I can see the speaker.
Answers
Answer:
bcdf
Explanation:
Sarah's dog had purebred puppies that she decided to sell on www.puppyfind.com. She ships them using an airline. If a puppy dies, to
whom is the carrier liable?
O It is liable to Sarah's enterprise, her sole proprietorship.
O It is liable to the third party, the buyer.
O It is liable to Sarah, the principal
O Both the first and second answers only.
Answers
If a puppy dies, then the airline carrier is liable. The transportation provider is in charge of providing accommodations for the animals while on a trip.
The airline carrier is liable for the puppy's death. Since the airline carrier did not maintain the proper temperature in the cargo space, which they were supposed to do, they are the ones who are responsible for the death of the puppy.
Sarah, as the seller, is not liable as she fulfilled her responsibility by selling a healthy puppy. The buyer is also not liable for the puppy's death as they were not responsible for the transportation of the puppy. Therefore, the airline carrier is the party responsible for the puppy's death.
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Probably the full options are:
The airline carrier is liable.The buyer is liable.What things receive a Priority Level B?
Answers
Answer:
How to prioritize your tasks (and your time)
Capture everything on a Master List and then break it down by monthly, weekly, and daily goals.
Separate the urgent from the important tasks with the Eisenhower Matrix.
Rank your daily tasks by their true priority with the Ivy Lee Method.
The Italy can produce 20 Gas turbines and 60 Tyres. France can produce 80 Gas turbines and 30 Tyres.
a). What is the opportunity
cost of producing Gas turbines in Italy? ______ tyres.
b). What is the opportunity cost of producing Tyres in
France ? _______ Gas turbines.
Answers
Answer:
1. 60 Tyres
2. 80 Gas Turbines
Explanation:
Given that the Opportunity cost is an economics term that is used in describing the cost of an alternative that must be forgone to continue or proceed with a certain activity.
Hence, in this case, considering the available information in the question, the correct answer is that the opportunity cost of producing Gas turbines in Italy is 60 Tyres.
At the same time the opportunity cost of producing Tyres in France 80 Gas turbines.
Consider the following trend models estimated from 20 observations. Use them to make a forecast for y at t=22. a. Linear Trend: y
^
=13.62+1.26t Note: Do not round intermediate calculations. Round final answers to 2 decimal places. b. Quadratic Trend: y
^
=19.38+0.95t−0.03t 2
. Note: Do not round intermediate calculations. Round final answers to 2 decimal places. c. Exponential Trend: ln(y)=1.3+0.09tu e
=0.03 Note: Do not round intermediate calculations. Round final answers to 2 decimal places.
Answers
Models estimated from 20 observations, the following steps can be followed:
a) Linear trend:
y^ = 13.62 + 1.26t
Forecast for y at t = 22 is required, which means t = 22, we get:y^ = 13.62 + 1.26(22) = 41.10
So, the forecast for y at t = 22 from the linear trend is 41.10.
Given, Linear Trend: y^ = 13.62 + 1.26t
To forecast for y at t = 22, we substitute t = 22 in the given equation of the linear trend: y^ = 13.62 + 1.26t = 13.62 + 1.26(22)
Now, we solve for y^ to get the forecast for y at t = 22.
b) Quadratic Trend: y^ = 19.38 + 0.95t - 0.03t2
Forecast for y at t = 22 is required, which means t = 22, we get:
y^ = 19.38 + 0.95(22) - 0.03(22)2 = 46.90
So, the forecast for y at t = 22 from the quadratic trend is 46.90.
Given, Quadratic Trend: y^ = 19.38 + 0.95t - 0.03t2To forecast for y at t = 22, we substitute t = 22 in the given equation of the quadratic trend: y^ = 19.38 + 0.95t - 0.03t2 = 19.38 + 0.95(22) - 0.03(22)2
Now, we solve for y^ to get the forecast for y at t = 22.
c) Exponential Trend: ln(y) = 1.3 + 0.09tue = 0.03 Forecast for y at t = 22 is required, which means t = 22, we get:
ln(y) = 1.3 + 0.09(22) = 3.08y = e3.08 = 21.70
So, the forecast for y at t = 22 from the exponential trend is 21.70.
Given, Exponential Trend: ln(y) = 1.3 + 0.09tue = 0.03To forecast for y at t = 22, we substitute t = 22 in the given equation of the exponential trend: ln(y) = 1.3 + 0.09t = 1.3 + 0.09(22)
Now, we solve for y to get the forecast for y at t = 22. We use the inverse of natural logarithm, e to solve for y.
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plz look at photo and help plzz!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Answers
answer: i would guess the second one
In photography where ur light source comes from makes a big difference because it will invariably create certain effects on ur subject
Answers
Answer:
Yes, when doing photography you want to make sure the light is in a certain place. The light can effect everything. You also want to make sure that the light shining on the camera, but somewhere on the thing u are taking a photo of.
Explanation:
Write any three differences between indigenous or local technology and modern technology.
Answers
The following five distinctions exist between modern and local technology:
Local technology
1. Local technology refers to the tool that people utilized in the past to facilitate their tasks.
2. The environment wasn't harmed by the use of conventional technology.
3. No energy crisis was noticed when conventional technology was used.
4. Local technology was predicated on guesswork and constraints.
5. The use of conventional technologies supported social cohesion and independence.
It was discovered that people once used water mills, steam engines, and ploughs for farming.
Modern technology:
1. Modern technology refers to the technological innovation used in the modern world.
2. The environment is polluted by the use of contemporary technology.
3. The energy crisis resulted from it.
4. The foundation of contemporary technology, in fact, experience, and analysis.
5. People are becoming more reliant on contemporary technology.
Modern technology includes, among other things, computers, powerful machinery, and automobiles.
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How has the Internet changed entertainment marketing?
Answers
Explanation:
The evolution of the internet has made it possible for artists to target and grow fan followings all over the world. This means that the typical type of venue has also shifted. Instead of targeting one city or area, artists can advertise their new releases, concerts, and merchandise via social media posts.
17. Identify TWO aspect that may be an indication that you do not have time
management skills.
Answers
Bad time management causes low productivity since tasks aren't planned out or given priority. It may cause individuals to miss out on time from routine duties and finally result in burnout. Setting attainable goals is one of several strategies for enhancing time management abilities.
What contributes to students' bad time management?Some of the most common effects of poor time management among college students include lack of sleep, decreased academic performance, continuous procrastination, poor nutrition, and a higher risk of dropping out. Students frequently miss class, rush through tasks, and submit subpar work as a result.
How much does poor time management cost?You can end up working longer and longer hours to do your task as a result of poor time management, which will leave you exhausted, stressed, burnt out, and unwell with less time for your personal life.
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What country is better for international business? Spain, Pakistan, Bangladesh or Brazil
Answers
Answer: Brazil
Explanation:
با ما
Outline two reasons why a business such as AEC could not be
Successful without other firms providing natural resources
Answers
Answer:
Because of product's use of natural resources in its input (1) and dependence on the supply chain system of other companies.
Explanation:
The reason is that all of the companies rely on natural resources that the companies are processing and making it available for the other companies to utilize it to control its cost and complete the production of the products. The energy is a natural resource which every company utilizes and due to this its production is largely dependent on the firms that are processing natural resources to make it available for companies to utilize it.
The next most important thing is supply chain system of natural resource companies that helps the companies like AEC and even an individual to make the use of these natural resources in an efficient and effective manner. If I don't have access to fuel, then I cann't travel and traveling by using horses would be expensive and time consuming. So supply chain system of the other businesses play key role here.
Which of the following should employers prevent in order to ensure the safety and health of workers in regards to machine guarding?
A) Providing employees with safe tools and equipment
B) Providing employees with personal protective equipment
C) Allowing workers to use a machine without training
D) Ensuring employees are trained in hazard recognition
———————————————
Which of the following types of machine guard is generally preferred because of its simplicity and durability?
A) Interlocked
B) Fixed
C) Self-adjusting
D) Adjustable
Answers
Answer:
1st C 2nd one B
Explanation:
Answer:
1.) C 2.) B
Explanation:
A restaurant worker earns a set amount per hour from their employer. They also receive tips from customers. Their earnings most closely resemble those of which of the following? a. An employee working on straight commission b. An employee working on commission plus salary c. An employee working on a piece-rate basis d. An employee working on a fixed salary Please select the best answer from the choices provided A B C D.
Answers
The restaurant worker's earnings closely resemble that of an employee working on commission plus salary.
What is commission?Commission is additional compensation that's earned based on job performance.
It is an extra payment that is accrued during the course of work and are paid in addition to a base salary.
Hence, the restaurant worker's earnings closely resemble that of an employee working on commission plus salary.
Therefore, option D is the correct answer.
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What amount of capital could be raised
Answers
The amount of capital a firm could raise is dependent on its nature of business and the opportunities available for raising funds
What is capital?
Capital is the amount of finance or funding a company or business required to inject into its operations, for acquisition of assets or financing a specific investment project.
The size of funding available to a company is a function of many factors as highlighted below:
The size of the company plays a major on its financing needs, a one-man business that does not employ anyone else would require a fraction of the financing needs of a partnership business with 10 partners.
Also, the opportunities available to a firm based on its size or the its formation processes is also critical, for instance, the fact that limited companies have access to capital markets means they are well scrutinized for being given approval or license to operate
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giving 100 point s away
How are ribbons worn on the female Class A and Class B uniforms?
Answers
Answer:
The nameplate will be worn in a comparable position on the Class B uniform. Ribbons: Ribbons are to be aligned with the bottom row of the ribbons centered horizontally on the wearer's left side and even with the top of the first exposed button and spaced 1/8 inch between each row.