Answer: Good Y = 14
Explanation:
utility function
U(x,y) = Utility
Good X = 10
Good Y = 12
U(x,y)= 10x + 5y
U(x,y) =10(10) + 5(12)
U(x,y) = 160
when good a drops by 1 Good X will 9
160 = 10(90) + 5y
5y + 10(90) = 160
5y = 160 - 90
5y = 70
y = 14
When Good X is lowered by 1 to maintain the level of 160 utility Good Y must be 14
Given statement:
If the minimum wage from 1961 had been adjusted for inflation, it would be $22 per hour today. The Massachusetts minimum wage will rise to $15 an hour over five years, and a new paid family and medical leave program will be introduced, under a bill Gov. Charlie Baker signed into law. Massachusetts is now the third state — after California and New York — with a pay floor on the way to $15 an hour. The Massachusetts Budget and Policy Center, which advocates for higher minimum wages, has estimated that a quarter of the Massachusetts workforce — about 840,000 workers — would see raises as a result of a $15 minimum wage by 2023. Opponents of higher minimum wages say they just increase labor costs, which force employers to then raise prices and/or cut other wages, benefits or jobs. Some proponents of higher pay floors also worry about the untested $15 minimum in locations outside high-cost labor markets. The new law will also raise the minimum wage for tipped workers, over five years, to $6.75. In addition, the measure — over the same five years — phases out time-and-a-half pay for Sunday and holiday hourly workers. Massachusetts and Rhode Island are the only states that mandate time-and-a-half for Sunday workers.
Explanation:
NEED OF INCREASE IN THE MINIMUM WAGE PER HOUR IS BASICALLY FOR :
- Most skilled workers— which are widely considered middle-class jobs are struggling today to get by with less than $15 an hour and gaining from a minimum wage of $15.
- A 35-year-old woman with certain high-school courses, who is fully active, would benefit from a minimum wage of $15.
- The advantages of gradually reducing the minimum wage by $15 by 2024 are broad, raising wages for the tens of million workers and reversing increasing inequality in terms of pay for decades.
Raise in the minimum wage because,
- Grading the national minimum wage to 15 dollars by 2024 would increase the pay of nearly 40 million workers, representing 26.6% of U.S. staff.
- Affected workers who work every year earn 3000 dollars per year extra— enough to make an enormous difference in the lives of an early teacher, accountant, or fast-food workers who are unable to get to 20,000 dollars per year today.
- The minimum wage in America would be risen to $15 by 2024 for 2/3 (67.3 percent) of the working poor of America.
- A $15 minimum wage will start reversing the increasing pay gap between low-paid and middle class decades. Growing disparity between women at the middle and the bottom of the wage distribution since 1979 reflects, for example, the inability to increase the minimum wage sufficiently since 1979.4 .
- In 2024, a minimum salary of 15 dollars would provide employees with $120 billion in higher pay and help their neighborhoods too. As lower-paid workers spend a large proportion of the extra revenues, this wage injection will help boost the economy and stimulate increased business activity and growth in employment.
The principal benefit is that the country's economy as a whole will gradually grow. In all opportunities and in all changes, the country must rise together.
The answer to this question is Informational roles
Informational roles refers to the role to collect, analyze, and distribute all information that is essential/necessary for the company to achieve its goal.
This role is really important to ensure that company will be able to make every necessary precaution for potential threat/problems when it's tyring to accomplish its goal
The answer to this question is <span>if one parent stays home, it does not make a difference whether it is the mother or the father.
According to the survey, all the children need was a loving yet dependable figure to guide them in the household. The existtence of parent willl be really crucial to the personal development of the children, whether it's behavioral or their skill set development.</span>
Answer: ¥15575
Explanation: if $1----¥89
$175- = 175*89 =15575
The explanation of the maths above is , since I am travelling to Japan and I am interested in buying a new kimono at a cost of $175 that means I don't want to spend more than $175 for a new kimono in Japan. Since the exchange rate for yen in Japan is ¥89 to $1, then converting my $175 which I have in budget to yen will be the multiplication of 175*89= 15575. I.e $175 that I am willing to pay for a new kimono is ¥15575 in Japanese yen.
