Discuss the implications of legislation

Assignment Help Business Economics
Reference no: EM132785952

You are the manager of a large but privately held online retailer that currently uses 17 unskilled workers and 6 semiskilled workers at its warehouse to box and ship the products it sells online. Your company pays its unskilled workers the minimum wage but pays the semiskilled workers $12.75 per hour. Thanks to government legislation, the minimum wage in your state will increase from $10.25 per hour to $10.75 per hour on July 24, 2017. Discuss the implications of this legislation on your company's operations and in particular the implications for your optimal mix of inputs and long-run investment decisions.

Reference no: EM132785952

Questions Cloud

What was du bois interest in communism : What was Du Bois interest in communism and other international issues and how he hopes to pursue his interests in those areas while being a leader in the NAACP
Reducing the uninsured in georgia : What is the effectiveness of this proposal in reducing the uninsured in Georgia, and the Georgia Specific cost of the proposal.
Calculate the initial equity investment : Given the following information calculate the initial equity investment: Purchase Price = $20,000,000; LTV = 75%; Upfront Loan Fees = 2% of Loan Amount
Describe poor listening habit may have personally experience : Describe 2 poor listening habits you may have personally experienced before in your life when you are listening to a talk, speech or when someone is saying
Discuss the implications of legislation : Discuss the implications of this legislation on your company's operations and in particular the implications for your optimal mix of inputs and long-run investm
Counter the union officials argument : As a representative for one of the automakers, how would you counter the union officials' argument?
What changes would you recommend to improve effectiveness : In this weeks discussion question, you are asked to examine strategies, theories, and models of organizational power and influence in order to understand.
What is the effectiveness of proposal : What is the effectiveness of this proposal in reducing the uninsured in Georgia, and the Georgia Specific cost of the proposal.
Calculate the opportunity cost to the factory owner : For each scenario, calculate the opportunity cost to the factory owner of producing one extra door.

Reviews

Write a Review

Business Economics Questions & Answers

  Hypervisor and para-virtualization

Explain the differences between hypervisor and para-virtualization and give one example VMM (virtual machine monitor), that was built in each of the two.

  The various types of vehicles that can be used by clients

the various types of vehicles that can be used by clients to reduce the various kinds if taxation.

  How much will the new certificate be worth 2 years from now

How much will the new certificate be worth 2 years from now?

  Ricardian models of comparative advantage

Outline the Hecksher-Ohlin, Specific Factors, and Ricardian models of Comparative Advantage. How do they differ? Which do you think is more empirically attractive?

  Logistical nightmares are one of the worst scenarios for mnc

Logistical nightmares are one of the worst scenarios for MNCs that outsource. What are some of the strategies that are used to get matters corrected in case of this.

  Local construction cost index

The community of Upper Snowshoe has expanded its winter tourism very rapidly. Three years ago, it built a new 16,000 kW power plant for $4,500,000. The local construction cost index was 157 at that time and has risen to 170 now. What is the estimated..

  Improvements in production technology

" The price of compact fluorescent light bulbs fell because of improvements in production technology. As a result, the demand for incandescent light bulbs decreased. This caused the price of incandescent light bulbs to fall; as the price of incandesc..

  Feeding the deficits of the now wounded global minotaur

Varoufakis argues that surplus producing countries like Japan and Germany were key pillars of the success of the “Global Plan” for many years. After a long period of seeming prosperity (“the Japanese economic miracle”) Japan experienced a slowdown in..

  Offer pros and cons regarding form of corporate structure

Offer pros and cons regarding this form of corporate structure. If possible, give examples of successful and not-too-successful conglomerates.

  What are the names of other firms in this industry

What market structure would this industry fall under? What are the names of other firms in this industry? Is it monopolistic competition, oligopoly, monopoly, or perfect competition?

  Illustrate what would you advise this firm to do

A firm is currently operating where the MC of the last unit produced is $64, and the MR of this unit is $70. Illustrate what would you advise this firm to do.

  What are the four modern sentencing options

What are the four modern sentencing options? Under what circumstances might each be appropriate, for example?Explain the differences between indeterminate sentencing and the various types of sentencing within the structured sentencing model and Descr..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd