Question

Employers are willing to pay _____ and ______ to workers, because they expect to be able to sell the goods and services at prices high enough to cover the costs of production

First blank - revenue, wages , minimum wage
Second blank- salaries, profits , references

Answer 1

First blank: Wages
Second blank: Salaries

Answer 2

Answer: Employers are willing to pay wages and salaries to workers, because they expect to be able to sell the goods and services at prices high enough to cover the costs of production

Step-by-step explanation:

Wages refer to the money that is been paid by employers of labour to workers usually on hourly, daily, weekly, or piece work basis for the work they have done. Hence, casual workers, contract labourers, temporary workers and soon receive or earn wages.

Salaries refer to the money that is paid by employers of labour to employees or workers usually on monthly or annual basis for the work they have performed or done. Thus, it is usually paid to professionals, directors, white collar workers and so on.