O O The firm should hire 50 workers and pay a wage rate of $14.00. The firm should hire 50 workers and pay a wage rate of $13.00. The firm should hire 40 workers and pay a wage rate of $13.50. The firm should hire 55 workers and pay a wage rate of $13.50.

Q: Define consideration. Can consideration be illegal for a binding contract? Can consideration be…

A: Consideration is a concept of English not unusual place regulation and is a want for easy contracts…

Q: do you think the possession of marijuana should be decriminalized?

A: As many states are decriminalizing the possession of limited amount of marijuana for medicinal…

Q: what are the condition in granting a franchised?

A: In a market, a franchise refers to an economic activity performed by a business in which it decides…

Q: Use the midpoint method to calculate the price elasticity of demand. 1. Suppose the price of a large…

A: Since you have posted multiple questions, we will provide the solution to only the first question as…

Q: In a market with two goods, tea and coffee, an increase in the price of coffee leads to a 5%…

A: If the price(P) of a substitute good decreases, the demand(DD) for the original good decreases.…

Q: What is a corporate merger What is an acquisition

A: Merger refers to a process whereby two companies combine together to act as a single entity. The…

Q: The MPC is Group of answer choices the change in consumption divided by the change in income.…

A: MPC is stated as marginal propensity to consume.

Q: Your friend has recently started her own business producing water bottles. The water bottles have a…

A: In Economics, different types of industries are classified based on the nature of competition…

Q: Why the contract can lower transaction costs?

A: Transaction costs are the costs associated with purchasing or selling a product or service. The…

Q: what accounts appear on the postclosing trial balance?

A: The trial balance is a list of all the ledger accounts' closing balances for a business. These…

Q: Define conditions and warranties and distinguish between both under the relevant provision of Sale…

A: In an economy, different acts are made by the regulating authorities to distinguish the market…

Q: Most societies are driven to make a profit. What is profit?         Profit is the…

A: The objective of the question is to define the term 'profit' in the context of economics.

Q: In the U.S. legal system, the judge's role is to uncover the true facts pertaining to the issues in…

A: FALSE Judge decides the ruling.  It is the jin of the lawyers and investigator to uncover the facts…

Q: method of bargaining impatience measurements

A: Bargaining is the mechanism that the player tries to fix a contract by. This method is usually…

Q: Are there any drawbacks to bimetallism?

A: A monetary system that is also known by the name bimetallism is the system in which the value of a…

Q: There are several hamburger shops around you. You are trying to find ways to make your hamburger…

A: A monopolistically competitive firm will look to differentiate its product from its competitors as…

Q: If there is no money, what is the number of barter prices we need if there are 1,000 goods? Add your…

A: In a scenario where money is absent, the barter system requires individuals to directly exchange…

Q: ow poorly regulated markets can cause harm to third parties not involved in exchange?

A: The economic condition described by the inefficient distribution of products and services in the…

Q: Which of the following involves signaling? Choose one answer. a. high wage rates attracting a larger…

A: The objective of the question is to identify which of the given options involves signaling.…

Q: What is trade dress? Explain how it is similar to and/or different from a trademark, including…

A: Trade is an activity in which the parties exchange goods an services.