Select the correct location on the graph. Choose the point on the graph that shows an excess supply of labor at minimum wage.
Tabor supply
- minimum wage
$18
1
.
equilibrium wage
Wages
$12
bor demand
18 33 45
Number of workers
Rese
NEX

johnson, inc. has just ended the calendar year making a sale in the amount of $10,000 of merchandise purchased during the year at a total cost of $7,000. although the firm paid in full for the merchandise during the year, it is yet to collect at year end from the customer. the net profit and cash flow from this sale for the year are