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3 years ago

Should the Minimum Wage increase to $11 an hour instead of $15? Why?

Business

1 answer:

Alik [6]3 years ago

4 0

Answer:

I think you mean increase to $15 instead of $11.

In one recent poll, 67 percent of small business owners support the minimum wage increase to $15 an hour. They say it would spark consumer demand, which would enable them to retain or hire new employees. And raising the wage doesn't seem to compel employers to cut jobs.

It would help 900,000 people out of poverty. Raise income for 17 million people (one in 10 workers), to the tune of $509 billion over 10 years. Potentially increase wages for another 10 million people.

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The tax treatment of corporate distributions at the shareholder level does not depend on: the character of the property being di

Anna11 [10]

Any distribution of cash or property to the owners of a corporation is known as a corporate distribution. 
The tax treatment of corporate distributions at the shareholder level does not depend on: The character of the property being distributed.
But it depends on the earnings and profits of the corporation, the basis of stock in the hands of the shareholder and whether the distributed property is received by an individual or a corporation.

4 0

4 years ago

A 12-year capital lease specifies equal minimum annual lease payments. Part of this payment represents interest and part represe

Andre45 [30]

Answer:

More than in year 8

Explanation:

A capital lease is a type of lease in which the lesser financed only the asset and all other ownership rights would be transferred to the lessee

In the given situation, the 12-year capital lease is equivalent to the annual lease payment at minimum cost

This payment involves the interest and the reduction amount

Now in the year 10 the reduction made to the lease liability should be more than in the year 8

6 0

3 years ago

1. What is Trade-Off (Conjoint) analysis? What does it consist of?

Feliz [49]

Answer:

Trade-off analysis is a group of methods that calculate the preferences of respondents of different product attributes (usually including price).

To calculate consumer preferences, understand how price changes influence product or service demand, and predict a product's likely acceptance when brought to market.

The benefits are calculated indirectly in certain situations.

They are one of marketing research's most commonly used quantitative methods.

5 0

3 years ago

Indicate how each of the following would shift the (1) marginal-cost curve, (2) average-variable-cost curve, (3) average-fixed-c

Ivanshal [37]

Answer:

a. A reduction in business property taxes.

MC - No Change

AVC - No Change

AFC - Shift down

ATC - Shift down

Because business property taxes are a fixed cost, a reduction of this type would shift down bouth the AFC and ATC cost curves.

b. An increase in the nominal wages of production workers.

MC - Shift up

AVC - Shift up

AFC - No Change

ATC - Shift up

Production workers are direct labor, and as direct labor, their cost depends on the level of production. In other words, the wages of production workers are a variable cost, and an increase in their nominal wages would shift up the AVC, and the ATC.

The MC curve would shift up as well because now each additional unit of input (the production workers), becomes more expensive due to the wage increase.

c. A decrease in the price of electricity.

MC - Shift down

AVC - Shift down

AFC - Shift down

ATC - Shift down

Electricity can be both a fixed cost, and a variable cost. For example, the electricity used in the administrative offices is a fixed cost, while the electricity used to power machinery is a variable cost. As a result, a reduction in the price of it would shift down all the cost curves.

d. An increase in insurance rates on plant and equipment.

MC - No Change

AVC - No Change

AFC - Shift up

ATC - Shift up

Insurance rates on plant and equipment are a fixed cost, for this reason, an increase in the rates would shift up both the AFC and the ATC.

e. An increase in transportation costs.

MC - No Change

AVC - Shift up

AFC - No Change

ATC - Shift up

Transportation costs are mostly a variable cost: the more output, the more goods have to be delivered, the higher the transportation costs. An increase in these costs would shift up both the AVC and the ATC curves.

7 0

3 years ago

Until recently, hamburgers at the city sports arena cost $ 2.50 each. The food concessionaire sold an average of 1750 hamburgers

Artyom0805 [142]

Answer:

(A) p = -0.002x +6; 0 ≤ x ≤ 3000

(B) R(x) = x(6 -0.002x); 0 ≤ x ≤ 3000

(D) (550, 2695), (1730, 4394.20)

(E) P(x) = -0.002x^2 +4.56x -1903

(F) increasing at $2.16 per hamburger

Explanation:

(A) The two-point form of the equation for a line can be used.

y = (y2 -y1)/(x2 -x1)(x -x1) +y1

The two points we have are ...

(x, p) = {(1750, 2.50), (1450, 3.10)}

so the equation is ...

p = (3.10 -2.50)/(1450 -1750)/(x -1750) +2.50

p = 0.6/-300(x -1750) +2.50

p = -0.002x +6

The domain of this function is where x and p are greater than 0. That will be for ...

0 ≤ x ≤ 3000

(B) Revenue is the product of burgers sold (x) and their price (p).

R(x) = xp

R(x) = x(6 -0.002x)

The domain of R(x) is 0 ≤ x ≤ 3000. This is the same as the domain of p(x).

___

(C) The cost function is the sum of fixed costs and variable costs:

C(x) = 1.44x +1903

(D) See the attachment for a graph of cost and revenue. The break-even points are (x, revenue) = (550, 2695), (1730, 4394.20).

(E) Profit is the difference between revenue and cost.

P(x) = R(x) - C(x) = x(6 -0.002x) -(1.44x +1903)

P(x) = -0.002x^2 +4.56x -1903

(F) The marginal profit is the derivative of the profit function:

P'(x) = -0.004x +4.56

P'(600) = -0.004(600) +4.56 = -2.40 +4.56 = 2.16

At a production level of 600, the profit is increasing at a rate of $2.16 per hamburger.

6 0

3 years ago