The increase in the minimum wage in the economy would cause employers to increase charges that they give to consumers by about 4 percent.
<h3>What is the impact of minimum wage on goods?</h3>
When minimum wage is raised in the economy, it means that the employers of labor would have to pay more operational cost for labor.
The effect that this would have on goods is that the people that consume the goods would have to pay extra for them.
Based on research, an increase in minimum wage raises prices by 4 percent in the economy.
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Answer:
E. All information systems support businesses.
Explanation:
All information systems do not support businesses because it's there's many types of information systems such as Executive Support Systems , Management Information Systems (MIS), Decision Support Systems , Knowledge Management Systems , Transaction Processing Systems and Office Automation Systems and it depends on the purpose of that information system in particular, whether it supports businesses or not
Answer:
Consider the following calculations.
Explanation:
Five companies in the core segment are Abby, Brat, Bat, Cent and Clack
Calculation Total Production Capacity :-
Consider the attached archive.
Total Production Capacity to determine the industry's Current Capacity to produce in the core
segment without Brat.
Production Capacity = 7025 - 1250 = 5775
The Companies can work in two shifts.
Total Production Capacity = 5775 * 2 = 11550
The Answer is "11550".
If a perfect competition firm is producing a quantity where mc < mr, then profit can be increased by increasing production.
Because competing businesses compel them to adopt the market's current equilibrium price, a perfectly competitive firm is referred to as a price taker. A company will forfeit all of its sales to rivals if it increases the price of its product by even a penny in a highly competitive market.
There are numerous buyers and sellers in a market with perfect competition, and prices always reflect supply and demand. The businesses can enhance profit by raising output if it is producing at a level where MR > MC, such as 40 or 50 packs of raspberries. This is because the marginal revenue is higher than the marginal cost
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