Find that it has broken federal wage law

Assignment Help Business Economics
Reference no: EM131385837

If a firm in a competitive labor market offers less than the market wage rate, it will:

A. be able to attract a large number of employees because the marginal revenue product is low.

B. find that it has broken a federal wage law.

C. attract too few employees.

D. find that the supply is greater than the demand.

Reference no: EM131385837

Questions Cloud

Find the competitive equilibrium price-industry output : Suppose 100 identical firms produce in an initial competitive market: P=10-Q/200 and P=1+Q/200. Find the competitive equilibrium price, industry output, and firm output.
Examine your figure or character from the perspective : Examine your figure or character from the perspective of Jung's theoretical approach to personality and describe your chosen figure or character based on the dichotomous facets of personality as defined by Jung. Evaluate the current Myers-Briggs ..
Proposing side has weakly dominant strategy : In class we saw that when Deferred Acceptance is used, the proposing side has a weakly dominant strategy of being truthful. Use this result to show that serial dictatorship has the same properties. Serial Dictatorship - each agent gets a different nu..
Implement the machine using either a d flip-flop : (Parity Checker) Redesign the odd parity checker FSM of Section 7.2.1 to make it check for even parity (that is, assert the output whenever the input contains an even number of 1s). Show your state diagram and implement the machine using either a ..
Find that it has broken federal wage law : If a firm in a competitive labor market offers less than the market wage rate, it will: find that the supply is greater than the demand. find that it has broken a federal wage law.
Define professional boundaries and boundary crossings : What are at least two cultural limitations associated with assessment and treatment? In your response, discuss the use or misuse of assessment instruments, therapy techniques, research results, or any other facet of clinical practice that could ha..
Maslow theory of human motivation : Maslow's Theory of Human Motivation is considered a classic in the study of Human Behavior. However, this article was written in 1943!
What is the binary code appearing on the inputs : ECET-230: When a HIGH is on the output of the decoding circuit below, what is the binary code appearing on the inputs? Perform the following computation using 2's complement notation and binary addition.
Conducting business research on countries : What are some examples of external sources that you use in conducting business research on both countries? Name at least four factors that will heavily influence your recommendation to Mr. Tobias. Explain why these factors are important. Which count..

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd