What’s the quesitos asking? Like I know it’s a quick sort but like about what?
<u>Solution and Explanation:</u>
1. MC = Cost of raw material + Cost of time
MC = 5 plus (10 divide by 2)
MC = $10
2. TFC = $300
Q = 300
, AFC = TFC/Q = 300 divide by 300 = $1
3. His profit maximizing output would be higher
Reason: P = MR = $15
, MC = $10
Since MR > MC, and at the profit maximizing point MR = MC, it is better for Nicholas to increase his output.
4. His profit maximizing output would be higher
Reason: P = MR = $15
, MC = $4 + $5 = $9
Since MR > MC, and at the profit maximizing point MR = MC, it is better for Nicholas to increase his output.
The answer is D. Imitable products and servicesd
"30" is the answer you're looking for.
Answer:
Explanation:
The main argument in favor regarding increasing minimum wage is that a higher wage will result into an increase in the standard of living of the people. Furthermore, a rise in the minimum wage can help in lifting people out I poverty. Due to higher wages and salaries, workers will have more money to cater for their families and meet their needs. Lastly, an increase in the minimum wage means that the government can reduce its expenditures on helping the low income earners and can therefore invest the money in other critical sectors of the economy.
The arguments against raising the minimum wage is that it can lead to inflation. Inflation in the rise in the price for goods and services. When there's an increase in minimum wage, sellers may increase the price of goods as there'll be more money to spend by households. Also, it can lead to losses of jobs as employersay have to cut down cost on order to be able to increase the wages of some workers and thereby may result in some workers being laid off.
Minimum wages lead to the reduction in the entry-level jobs that are available, and reduces the change of entry level graduates to get training, and lifetime income. According to Economists, minimum wages will result into decrease in the employment opportunities that are available for the youths and thereby create unemployment. Potential employees will miss out on the training that should have been done at the initial stage one is entering an organization.
