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MrRissso [65]
3 years ago
13

Suppose that the minimum wage was increased to $10 per hour. Which of the following would be most likely to result from the mini

mum wage increase?
a) an increase in the employment of low-skill workers previously employed at wage rates of less than $10 per hour
b) an increase in the number of jobs providing low-skill workers with on-the-job training
c) a reduction in the number of teenagers unemployed
d) an increase in the demand for high-skill workers providing services that are a good substitute for those whose wages were pushed up by the higher minimum wage
Business
1 answer:
VARVARA [1.3K]3 years ago
8 0

Answer:

The answer is D,

Explanation:

The above selected answer is so because as a typical business owner, if i could get the service of a more skilled individual at almost the same rate as a low-skilled worker, i will definitely go for the services of a high skilled worker considering the fact that the difference in wages in negligible.

Example: Lets say company A recruits lower skilled laborers whom they have to train to drive their machine on a regular basis and they pay them a minimum wage of  $5 per hour.

All of a sudden, the government declares a law that the minimum wage must be increased to $10 per hour

There is also a pool of highly skilled laborers who do the same job at $14 per hour.

The increment in minimum wage will cause company A to recruit more of the highly skilled laborers in place of the low skilled laborers whom they don't have to train and yet do the same job because of the negligible difference in the wages.

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Answer:

D.

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Answer:

Step 1: Identify and define the problem

Explanation

This is the first goal to achieve for the company in order to select an alternative upon a rational decision-making process.

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4 years ago
Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 7
guapka [62]

Answer:

1. a. 81,500

2. $38,481

3. $461,382

Explanation:

<u>The equivalent units for conversion costs during February.</u>

Conversion Costs = 15,700 x 65% + 62,900 x 100% + 10,100 x 85 %

                              = 81,690 units

Material Costs = 15,700 x 0% + 62,900 x 100% + 10,100 x 100 %

                        = 73,000 units

<u>The amount of direct materials cost assigned to ending work-in-process inventory at the end of February.</u>

Step 1 : Determine Cost per Equivalent unit

Conversion Costs = $168,000 ÷ 81,690 units = $2.06

Material Costs = $278,000 ÷ 73,000 units = $3.81

Total Cost = $2.06 + $3.81 = $5.87

Step 2 : Direct Material Cost assigned to ending work-in-process

Ending work-in-process (Material Cost) = 10,100 x $3.81

                                                                 = $38,481

<u>The cost of the goods transferred out during February.</u>

Cost of the goods transferred out = $5.87 x 78,600

                                                        = $461,382

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kow [346]

Answer:

False

Explanation:

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Master Production Schedule (MPS) gives a formal detail of the production plan and converts this plan into specific material and capacity requirements. The requirements with respect to labor, material and equipment are then assessed.

Master production scheduling helps keep customer delivery promises through delivering in a timely and cost-effective manner.

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Answer: monkey

Explanation:

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