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3 years ago

Briefly explain 3 arguments for and 3 against a national minimum wage.

Business

1 answer:

serious [3.7K]3 years ago

7 0

FOR:

increased income for workers
more workers attracted to the workforce
less strain on federal resources for those in poverty

Against

more costly for businesses
possible unemployment due to job automation
higher prices for consumers.

Here are some basic arguments. You will need to explain these a bit more for your assignment though.

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Suppose that an increase in a nation's income causes the nation's residents to buy more domestic and foreign goods. Given this,

S_A_V [24]

Answer:

B: Both the US dollar and the Mexican peso will appreciate.

Explanation:

There are many causes of currency appreciation. In this context, an increase in income of American workers will result in a higher demand for local goods and foreign goods coming from Mexico. This means that the higher demand for Mexican currency by Americans to purchase Mexican goods will result in currency appreciation. The Dollar will also appreciate due to higher demand.

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3 years ago

the standards for the new galaxy phone specify 4.1 direct labor-hours per unit at $12.10 per direct labor-hour. last month 1,600

hammer [34]

a.The labor rate variance for the month $2,640 (Favorable).

b.The labor efficiency variance for the month $484 (Unfavorable).

<h3>Solution:</h3>

The following is a calculation of labor rate variation and labor efficiency variance:

Variation in labor rates = Actual cost - (Actual hours x Standard rate)

= $77,220 - (6,600 × $12.10)

= $77,220 - 79,860

= $2,640 Favorable

Variation in labor efficiency = Standard rate (Actual hours - Standard hours)

= $12.10 × (6,600 - 1,600 × 4.1)

= $12.10 × 40

= $484 Unfavorable

<h3 /><h3>Direct Labor:</h3>

Direct labor (DL) expenses in accounting are the costs connected with paying people to produce a product or perform a service. Workers must be explicitly involved in the production or delivery of the product or service. One of the costs associated with manufacturing a product or delivering a service is direct labor expenditures. Furthermore, direct labor costs differ from indirect labor expenses.

The following are some examples of direct labor costs:

1.Wages paid to assembly line workers in a manufacturing context.

2.Wages given to restaurant kitchen staff in a service setting.

Learn more about labor-hours:

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1 year ago

Sweetmeats Inc., a deli, produces its own grains, such as corn, wheat, rice, and oats. The employees create different types of b

Minchanka [31]

Answer:

Cost advantage.

Explanation:

In this scenario, Sweetmeats Inc., a deli, produces its own grains, such as corn, wheat, rice, and oats. The employees create different types of breads without having to buy the grains from other sources. This has helped them sell their bread items to customers at much lower prices than other neighboring delis. This scenario best illustrates a cost advantage.

Cost advantage can be defined as the factors, benefits or edge which an organization has to produce its goods and services at a cheaper rate and better quality, over its competitors or rivals in the same industry. Some of these factors include availability of raw materials, branding, skillful workforce, intellectual property, quality distribution channels, favorable location, great customer services, superior technology, etc.

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3 years ago

A monopoly that is maximizing profits operates in the ________ portion of the demand curve.

Alekssandra [29.7K]

In the elastic portion of the demand curve.

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3 years ago

Question 13 of 20

KATRIN_1 [288]

Answer:

he answer is : He likely did not cite his research, and committed plagiarism. Todd's manager has asked him to write a report on ways to increase safety in the warehouse. Todd used the Internet to research statistics and recommendations for improving safety in the workplace. He feels like he pulled together a really strong document and that his manager will be pleased. However, when he is called into his manager's office, his manager is concerned and tells him that he has been unethical in his work. He likely did not cite his research, and committed plagiarism. It is the practice of taking someone else's work or ideas and passing them off as one's own.

Explanation:

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3 years ago

Briefly explain 3 arguments for and 3 against a national minimum wage.​

Briefly explain 3 arguments for and 3 against a national minimum wage.