Select two U.S. states and compare the national average salary and cost of living factors in each state. Discuss the impact of child care and daily life needs (for example, groceries).  Also, discuss the demographics for each state and how they may contribute to the cost of living and wages.

Q: Use the following table to answer the following questions: Labor Hours Output 0. 1. 10 18 3. 25 4 30…

A: Answer - Need to find- How many labors to employ  Given in the question-…

Q: position about Salaries of uninformed personnel have to be the same with that of teachers and…

A: The pay and allowances are the basic cost that is incurred by any firm. But the salaries vary…

Q: What happens to hours of work when wage rate decrease

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Q: All people who have equivalent formal education earn similar incomes." Do you agree or disagree with…

A: Equivalent formal education The term formal education refers to an organized and uniform education…

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A: The term "wage" describes the remuneration or money that an employer gives to a worker in return for…

Q: Which law sets out minimum standards for employment in Ontario?

A: The term "minimum standards for employment" refers to the minimal legal requirements that must be…

Q: A married couple together earns 110,000 a year. The wife earns 16,000 less than twice what her…

A: Let y be the wife's earning Let x be the husbands earning So, x + y = 110,000however, it says the…

Q: According to the BLS, wage rates in Mexico are only about 10% of those in the US. What factors would…

A: Labor cost differentials refer to the differences in wage rates among various nations. This idea…

Q: discussing factors of production. How would you determine the demand for a factor of production?…

A: Factors of production:- a) Capital. b) Land. c) Labor. a) The demand for a production factors is…

Q: There are many reasons why women earn less than men. One is attributed to the education and work…

A: There are many reasons why women earn less than men. One is attributed to the education and work…

Q: Esmeralda is content in her current job. She doesn’t look for a better job even though she could…

A: Psychological inertia, which refers to a lack of intervention in the current course of events,…

Q: 10. Minimum-wage laws and unemployment Consider the market for labor depicted by the demand and…

A: Minimum wages lessen business valuable open doors for young people and make unemployment. Labourers…

Q: Identify the market in which labour is bought and sold

A: Labor refers to the physical and mental effort exerted by individuals to produce goods or services.…

Q: The following graph shows the relationship between a worker’s years of education and the salary he…

A: Variables are labelled as salary and education. Scales are proper and also data is there. But there…

Q: The demand for skilled workers in the United States has been increasing. To increase the supply for…

A: Wages are reduced because of excess supply of workers About 4.7 million low-skilled immigrants…

Q: The New York Times cost $0.15 in 1970 and $2.00 in 2011. The average wage in manufacturing was $3.36…

A: wage rate in 1970 = $3.36 /hour  Wage rate in 2011 = $23.09 /hour

Q: Average Product 13 Labor Total Product 1 13 31 15.5 51 17 4 67 16.75 79 15.8 6. 86 14.33 7 86 12.29…

A: Profit maximization is a process that companies go through to ensure that they have the highest…

Q: would the equity and efficiency effects of raising the minimum wage to $20/

A: Raising the legal minimum wage should, in theory, benefit both the representative and the loser.…

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Q: How does the firm adjust its employment if it is costly to hire and fire workers?

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Q: A carpenter quits his job at a furniture factory to open his own cabinetmaking business. In his…

A: Given, Average sales per year= $100,000 Average operating cost per year= $70,000

Q: Brad Edwards is earning $36,000 a year in a city located in the Midwest. He is interviewing for a…

A: Given:

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A: Technology advancement helps in producing the good more efficient due to new available technology…

Q: Boeing created, and recently expanded, an airplane manufacturing center in Charleston, South…

A: A right-to-work (RTW) law provides workers the freedom on selecting whether or not joining labor…

Q: During last summer you agreed with your neighbors to mow their lawn for $20 per hour of work. This…

A: The wages are the payment made by the employer to the temporary labor who works according to hours…

Q: How might a company continue to do business without paying higher wages?

A: Some of the jobs are really underpaid and there have been many reasons to it which is why laws such…

Q: how does the demand and supply for labour affect the wage rate of workers?

A: The labor market determines how the interaction between the workers and the employers determines the…

Q: Give three reasons a worker’s wage might be above the level that balances supply and demand

A: Three reasons that a worker's wages might be above the level that balances supply and demand are…

Q: factors that could cause an increase in the wage rate of workers.

A: Wage rate refers to the remuneration paid to the workers. Wages are considered as expenses by the…