What happens when wages are set above the equilibrium level by law?
a. firms tend to try to break the law and hire people at the equilibrium level.
b. firms employ more workers than they would at the equilibrium wage.
c. firms employ fewer workers than they would at the equilibrium wage.
d. firms hire more workers but for fewer hours than they would at the equilibrium wage?

Answers

Answer 1
c. firms employ fewer workers than they would at the equilibrium wage.
Answer 2

Answer:

C: firms employ fewer workers than they would at the equilibrium wage.

Explanation:

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Related Questions

When evaluating a balance sheet, the two primary questions are ________?

Answers

In terms of evaluating balance sheet, the two primary questions that are being formulated are the following;

-          The assets are financially secure or stable

-          The firm has assets that are sufficient and are short term in means of having debts that are only short and temporary.

The term supply chain is considered limited because it ________.

Answers

The term supply chain is considered limited because, it SUGGESTS THAT PLANNING BEGINS WITH RAW MATERIALS AND FACTORY CAPACITY.
Supply chain refers to a system of organization network that is involved in moving a product or service from supplier to consumers.

What must be done prior to making forcible entry into a fire building?

Answers

The fire attack team must be ready

Oh no! someone stole your credit card and charged $2,500 worth of purchases before you even knew the card was missing. how much of the unauthorized charges can you be required to pay?

Answers

50 dollars back simple.

Suri is graduating from college soon and has been contemplating her career choices. She is graduating with a bachelor’s degree in Graphic Design and worked as an intern at a company that promotes concerts. Her strengths include creativity, working well as part of a team, and strong verbal and written communications.



Which would be the best fit for Suri?



Management


Sales


Advertising


Marketing

Answers

The best fit for Suri will be MARKETING.
To be an effective marketer, one needs certain skills which are crucial to success in the marketing field. These skills include: good interpersonal relationship, good writing skills, great creativity and expression, good team player, etc. Suri has these qualities; the qualities will make her a good marketer.

Answer:

marking

Explanation:

The fund whose main objective is growth is known as a(n) _____ fund.

Answers

I'm not sure about this, but I think it's just called a growth fund.

A prototype includes ________ in a category. an exemplar includes ________ in the category.

Answers

the answer to this question is  the most typical concept; all examples of concepts
A prototype is usually the fruit of the imagination of the final form of the product and not ready yet to be introduced to the market. An examplar on the other hand, already gone through several trial and error and might be ready for the market even though it may possess several defects
Final answer:

A prototype is the ideal or most representative example of a category, while an exemplar is a specific instance or example within a category based on personal experience. Prototypes are used as cognitive reference points, and can be physical or virtual for evaluating designs, including using computer-aided design and drafting. Exemplars are based on individual experiences and provide comparison points within a category.

Explanation:

A prototype includes the best example or representation in a category. An exemplar includes a specific instance within the category that a person has encountered in the past. Prototypes serve as a cognitive reference point that helps to categorize and identify new objects or concepts that belong to the same group. While exemplars are concrete examples collected from individual experiences that align with the prototype or may vary slightly from it, serving as a comparison point within a category. For instance, when considering the concept of a 'bird', a robin may serve as a prototype, as it embodies common features that people typically associate with birds. An exemplar of a bird, however, could be a particular peacock that one has seen.

Prototypes can be both physical or virtual. A physical prototype is a tangible representation made from materials, which could be the same as or different from the materials intended for the final design. This helps in evaluating the design in a tangible form. A virtual prototype, often created using computer-aided design and drafting (CADD) software, enables designers to simulate and evaluate their designs in a digital environment without physical implementation.

By understanding the difference between prototypes and exemplars, students can better grasp how concepts are formed, stored, and recalled within the cognitive processes of the human brain. This distinction also has practical implications in fields such as product design and engineering, where prototypes are crucial for design evaluation and refinement.

Together a swot analysis and a competitor analysis helps the organization determine if it can (select all that apply)

Answers

The answer is Complete. A SWOT analysis can be done for an organization, item, place, industry, or individual. It includes indicating the goals of the business wander or venture and recognizing the inside and outer elements that are ideal and troublesome to accomplish that target.

Effective managers often demonstrate ________ levels of task leadership and ________ levels of social leadership.

Answers

These managers demonstrate both high levels of task leadership and high levels of social leadership. They have to be skillful in the tasks that need to be done, but without being able to lead their employees, they wouldn’t be able to accomplish all of their goals.
Final answer:

Effective managers often strike a balance between high levels of task leadership and high levels of social leadership, indicating the importance of both task-oriented and people-oriented behaviors.

Explanation:

The behavioral approaches to leadership have outlined task-oriented and people-oriented behaviors as two critical dimensions of effective leadership. Task-oriented leadership focuses on the accomplishment of tasks and the achievement of objectives, whereas people-oriented leadership emphasizes interpersonal relations, the well-being of team members, and involves supporting and developing the team.

An example of a task-oriented leader could be Bill Gates, who is known for his focus on innovation and reaching corporate goals, while a people-oriented leader example could be Richard Branson, who emphasizes employee satisfaction and company culture.

Balancing these two aspects of leadership, according to research by Herold et al. (2008) and others, can foster creativity, improve team performance, and enhance commitment to organizational change. However, it's important for leaders to avoid overly passive management styles and to adapt their approach to the size of the company and the specific context to maximize effectiveness.

Which county office has responsibility for determining the value of real estate?

Answers

The county office responsible for determining the value of real estate is the Assessor

________ is the process of receiving, storing, handling, and tracking of everything in a company's stock.

Answers

The answer is inventory control.
Inventory control is the process of receiving, storing, handling, and tracking of everything in a company's stock.
Inventory frequently makes up a substantial part of an operational expense's and therefore, proper inventory management is an approach to minimize expenses while guaranteeing that every single vital material are in stock and put away in the correct spots. The systems which are used for managing inventory are:Inventory control Reserve stock system and just-in-time (JIT) inventory

Suppose the price of a tie rises from $45 to $55. using the midpoint method, what is the percentage change in price?

Answers

By midpoint formula, the percentage change in the price of a tie = {( $55 - $45) / [($45 + $55)/2]} * 100 = (10/50) * 100 = 20 percent

The policing strategy that utilizes data analysis to drive decision-making in order to prevent crime is known as:

Answers

The policing strategy that utilizes data analysis to drive decision-making in order to prevent crime is known as intelligence-led policing.
Intelligence-led policing or ILP is the policing model that construct around throughout the assessment and management of risk, it follows a managerial model.

Which of these expressions should an american businessperson avoid in a meeting with foreign business representatives?

Answers

1. Avoid being ironic or sarcastic.This is because not all humorous statements could be understood or could be humorous to all other cultures in the world. There is some humor which cannot be explained or understood well by other foreign people. 2. Do not use complicated languages for reasoning or for giving concepts.This is to avoid any miscommunication between two parties and also to provide them access to use their own languages. 3. Avoid being discourteousIf you are in doubt, don't rush or panic. Make sure to call people using their first names if you don't have any idea if he or she is a male or female.

What is the major source of revenue for most state governments?

A: Sales and individual income taxes.
B: Property and gasoline taxes.
C: Alcohol and tobacco taxes
D: Business income and licensing taxes.

Answers

b: sales and individual income taxes

Answer:

A: Sales and individual income taxes.

Explanation:

States collect taxes from individuals and organizations to maintain the state government operation and public services and they are different in each state as the states define their tax system. State governments collect taxes from 3 major sources that are sales, income and property taxes. According to this, the answer is that the major source of revenue for most state governments is sales and individual income taxes.

Describe how bargaining may be different in the business and professional setting as opposed to other interpersonal interactions.

Answers

Bargaining may be different in business setting compared to interpersonal because of many different reasons. In business you can bargain with purchasing power of a company. you can use future large purchases to lower the cost, where a person wouldn't have the funds to do so.
Final answer:

Bargaining in business is structured and result-oriented with higher stakes, driven by market data, and affected by cultural nuances. Interpersonal interactions may consider emotions or personal relationships and involve less significant decisions.

Explanation:

Bargaining in a business and professional setting is typically more formal, structured, and result-oriented compared to interpersonal interactions. This is the nature of business negotiations where the primary focus is often on monetary advantage or beneficial terms of a contract, as compared to interpersonal interactions where emotions or personal relationship considerations may equally or more critically influence the conversation. For example, bargaining tactics in a business context may involve leveraging strategies driven by data and market analysis, whereas in interpersonal interactions, such strategies might be viewed as manipulative or insincere.

In addition, the stakes are generally higher in the business world. Business and professional bargaining often involve significant financial implications, potential shifts in power relations, or strategic directional changes for an organization. In contrast, interpersonal bargaining could involve simpler decisions, like where to go for dinner or who gets the television remote.

Furthermore, cultural nuances also have a significant bearing on the bargaining styles across business, professional, and interpersonal settings. For example, directness is valued in some business cultures, whereas a more nuanced, indirect approach might be favored in others.

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Although passion is needed to run a busniess, it must be tempered with logical and rationality a business plan does this by

Answers

putting goals into concrete words which will be a guide to running a successful business and also listing the company mission which will give more strength to the passion required to be able to stick with meeting goals. By creating a list of objectives, this helps keep a person on track to eventually have a thriving,vibrant business.

The tragedy of the commons occurs because
a. people consider the value of resources in the future more than in the present.
b. markets do not account for the presence of property rights.
c. common resources are rival in consumption.
d. government does not efficiently allocate society's scarce resources.

Answers

c. common resources are rival in consumption. In the tragedy of the commons, William Forster Lloyd presented the example of a common resource being over used and destroyed because for any individual abusing the resource, they gained a benefit while the damage to the resource was paid by everyone. So let's look at the available options and see what makes sense, or doesn't make sense. a. people consider the value of resources in the future more than in the present. * If this were true, the there wouldn't be a tragedy of the commons. So this is an incorrect answer. b. markets do not account for the presence of property rights. * The tragedy of the commons doesn't involve property rights. EVERYONE in the community is allowed to use the commons. The problem is irresponsible overuse of the common resource. So this is also an incorrect answer. c. common resources are rival in consumption. * This is the correct answer. The concept of Rivalry is where a common resource can not be simultaneous consumed by multiple users, or if the consumption of a resource decreases its utility to another consumer. In the tragedy, if one person grazes (consumes) more than their fair share, the commons gets over grazed and over time stops producing. Each person who's overgrazing does get a tangible short term benefit for doing so, but everyone has to pay the cost. d. government does not efficiently allocate society's scarce resources. * This is also a wrong answer. It's true that the commons could be regulated by the government, but then it would no longer be the commons.

Look at the withholding table below. if you earn $426 in gross income every week and get to keep $348 of it after tax withholding, how many allowances have you claimed?

Answers

The answer you are looking for is.. A) 1

The answer would be A

Organized ____________ has a broad definition in north america ranging from community organizations to both interscholastic and club programs.

Answers

Organized youth sport has a broad definition in North America ranging from community organizations to both interscholastic and club programs. There are 4 types of youth sport in North America which are classes, instructional leagues, competitive leagues, and after-school programs.

A food truck is an example of which kind of distribution channel?

a. E-commerce
b. Over the counter
c. Vending machine
d. Street vendors

Answers

Answer is street vender

A food truck is an example of kind of distribution channel are Street vendors. Therefore, option (d) is correct.

What is food?

The term “food” means it is an eatable and consumable item to provide nutrition and vitamins to maintain the organism. The consumption of food usually involves plants, the human body, birds, and animals. Nutrient-rich foods like fruits, vegetables, pulses, and dairy products.

The Street vendors are they sell food on the rode sided and the footpath in the street. It is illegal, but the poor people are no money to purchase the shop that's why they're selling the vegetables and fruits to the   Street vendors. The street vendors are the most popular in the country of India.

As a result, the food truck is an example of Street vendors is the kind of distribution channel. Therefore, option (d) is correct.

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Managers pursuing a ________ seek to make their product or service different from those of competitors on dimensions valued by customers.

Answers

The answer is differentiation strategy.

Brenda purchased a total of five computers for $3,300. she received a 20% trade discount. what did brenda pay for the computers? $2,640 $2,460 $2,440 $3,750 none of these

Answers

A trade discount is the amount or percentage which a manufacturer deducts from the retail or advertised price of a product when it sells to a reseller or end customer. When Brenda bought a total of five computers for $3,300, a trade discount of 20% was already deducted. So in this particular question”what did Brenda pay for the computers? $2,640 $2,460 $2,440 $3,750 none of these” the answer is none of these. She paid the amount of $3,300.

Consider the stock of ocean tuna which is massively overfished. it is rational for an individual to exploit the resource rather than to conserve the stock because

Answers

Ocean Tuna is massively overfished even though there is already an abundant supply. The reason for this is that it cost less to harvest the fish than it does to maintain a stock of the fish. This answer however, is still debated by some experts who argue that this method is not healthy for our oceans.

An overstatement of earnings can inflate a​ company's stock price and may also be used​ to:

Answers

If a company overstates their earnings, it will also likely increase the upper management's bonus amounts at the end of the year. When the public realizes that the earnings are overstated, it's likely that the stock will drop significantly due to accounting fraud.

Using an adjustable wrench can save time when you are working with _____.

Answers

Using an adjustable wrench can save time when you are working with different types of sizes of nuts/bolts.
nuts and bolts is the official answer

Mike sells navel oranges in a market where there are a lot of other sellers and faces a perfectly elastic demand curve for oranges. he hires 10 workers in a perfectly competitive market to help him with picking oranges. given this information, it can be said that:

Answers

it can be said that the demand for workers is a positive function of the prevailing market wage rate.
Under the current market which had a lot of competitors with similar products, the most important factors that could improve mike position in the market is the amount of workers that could improve his customer service and productivity.

Which of the following correctly arranges market structures in order from easiest entry to hardest entry?

Answers

Pure competition, monopolistic  competition, oligopoly, monopoly 

The lowest school dropout rate in the united states in 2008 occurred for:

Answers

The status dropout rates measures the percentage of individuals who are not enrolled in a certain class or who does not have any school credentials. In the U.S by the year 2008  there was approximately 3.0 million drop out at ages 16 through 24 years old, all were living in United States. 

Diminishing returns set in after the ________ truck is purchased.

Answers

The answer in the space provided is second. The diminishing returns set happens when there is an increase with the input variable and by this, it will likely cause the output to decrease as the marginal increase and in the same time, other inputs remains to be in constant.

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