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.
Answer:
Total equivalent units= 135,000 units
Explanation:
<u>The weighted average method blends the costs and units of the previous period with the costs and units of the current period.</u>
<u></u>
Conversion costs:
Units completed and transferred out= 133,000 units
Ending WIP= 10,000*0.2= 2,000 units
Total equivalent units= 135,000 units
Answer: a. 2
b. $200
c. Should not
Explanation:
a. The new employee's marginal product of labor is ______.
This will be:
= 5 - 3
= 2 moving jobs
b. The value of that marginal product is ______..
Since the company charges $100 for a moving job, the value of the marginal product will be:
= 2 × $100
= $200
c. The moving service should moving jobs ______- hire another worker
Marginal cost of moving 2 jobs will be:
= $30 × 4 × 2
= $240
Since the marginal cost is more than the marginal product, the company should not hire another worker.
Answer:
Shortening the duration of critical path tasks.
Explanation:
The critical path method is relevant for achieving effective project management. By visualizing the project's activities, it is possible to analyze the time needed to complete the tasks and avoid possible delays. The possibility of calculating the duration of completion time, the longest or the shortest, for each activity, also helps in reducing uncertainties, as it helps in reducing the unexpected surprises that may occur in the project.
This method also guarantees the advantage of helping to reduce project time by the possibility of visualizing which tasks can be reduced, as the method generates a greater understanding of the project's deadline as a whole, allowing a clearer view on which tasks can be changed and which should remain unchanged.
