Discuss the implications of this legislation on your company

Assignment Help Managerial Economics

Reference no: EM13538992

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 $7.75 per hour. Thanks to government legislation, the minimum wage will increase from $6.55 per hour to $7.25 per hour on July 24, 2009. 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: EM13538992

Questions Cloud

The change in the correlation coefficient : What was the security's beta before the change in the correlation coefficient?

Explain what were the concentrations of nitrogen gas : At equilibrium the concentrations are [H2]=5.0 M, [N2]= 8.0M, [NH3]=3.0M. What were the concentrations of nitrogen gas and hydrogen gas that were reacted initially.

What is the tension in the left rope : Two ropes are pulling upward on a large crate. The weight of the crate is 420. N. The tension in the left rope is the same as the tension in the right rope. If the crate is moving upward at a constant speed, what is the tension in the left rope?

What is the present value of the net cash flows : What is the present value of the net cash flows from the company's operations?

Discuss the implications of this legislation on your company : 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.

Estimate how high the pinada will swing : A pinada, practically in a shape of a slender thin rod of length mass 4.0 kg is hanging from the tree branch after being hinged at one end. Estimate how high the pinada will swing

Explain the boling point of benzene on top pf mt : The normal boiling point of benzene is 80.1 c, and the heart of vaporization is H = 30.8KJ/mol. What is the boling point of benzene (in c) on top pf Mt. Everest, where P = 260 mmHg

Managers at the dew drop inn are concerned about : Managers at the Dew Drop Inn are concerned about the increasing number of guests who make reservations but fail to show up. They have decided to institute a policy of over-booking like larger hotel chains

Determine what is the density of the fluid : An aluminum cylinder is suspended in an unknown fluid by a spring scale. Outside the fluid, the object weighs 20N. In the fluid it weighs 10N. what is the density of the fluid

User Account

All Pages