Minimum wage for young apprentices

Assignment Help Business Economics
Reference no: EM132790055

The UK government made a pledge to increase the number of apprenticeships to three million by 2020 as part of a broader initiative to encourage more young people into vocational training. An apprenticeship is a system for training a new generation of practitioners of a trade profession with the on-the-job training and often some accompanying study. The minimum wage for young (16-18) apprentices was increased significantly in October 2015, from £3.30 to £3.90 per hour. Explore the effect of such an increase? Please add graphs to represent the effect. What data would you need to measure the effect of an increase in the minimum wage for young apprentices?

Reference no: EM132790055

Questions Cloud

What were the effects of heavy border enforcement : Discuss the reasons for the growth in anti-immigrant sentiment in the United States and in particular in California. What were the effects of heavy border.
Calculating price elasticity of demand : Suppose that 50 units of a good are demanded at a price of $1 per unit. A reduction in price to $0.20 results in an increase in quantity demanded to 70 units.
What is your yield to call : A corporate bond that matures in 2040 can be called by the end of 2028. The potential call premium is 4.5% of par value. What is your yield to call
What was impactful about the speech : This week review the content and read Malcolm X's Message to the Grassroots and listen to the actual speech here: What was impactful about this speech?
Minimum wage for young apprentices : Please add graphs to represent the effect. What data would you need to measure the effect of an increase in the minimum wage for young apprentices?
Which curtin corporate governance arrangements : Assess the extent to which Curtin's corporate governance arrangements and situation fail to constitute governance best practice
What is meant by productivity : Suppose firms in the UK are losing productivity because of Facebook. Office staff are spending too long on the social networking site.
Find percentage of non-current liabilities to total assets : A firm has accounts payable of 30,000 and mortgage payable of 80,000 and owner's capital of 90,000. Find percentage of non-current liabilities to total assets
What are the types of subsequent events : What are the types of subsequent events? Provide at least three (3) examples of each. When are events considered to be subsequent events?

Reviews

Write a Review

Business Economics Questions & Answers

  Features of the definition of a global public

What features of the definition of a global public good make it difficult to identify very many items that everyone can agree are global public goods?

  What is the profit-maximizing quantity of output

The AAA Aquarium Co. sells aquariums for $20 each. Fixed costs of production are $20. The total variable costs are $20 for one aquarium, $25 for two units, $35 for three units, $50 for four units, and $80 for five units. In the form of a table, calcu..

  Qsuppose we have the following three projects up for vote a

q.suppose we have the following three projects up for vote a naval ship a hospital and a park. there are three

  What is the full quotation and what does it mean

The title Where Angels Fear to Tread is taken from Alexander Pope’s An Essay on Criticism. What is the full quotation and what does it mean? How does this phrase describe the events that take place in this novel? Is this a good title for the novel? W..

  How are present values affected by interest rates

Present and future values for different interest rates. Find the following values. Compounding/discounting occurs annually. Round your answers to the nearest cent. An initial $700 compounded for 10 years at 18%. Define present value. The present valu..

  Can he return the extra eight reams

Marty ordered 100 reams of colored construction paper for his after-school art workshops. Bulk construction paper is shipped in 12 ream bundles (the industry standard). The shipment comes and Marty opens the nine bundles (108 reams). Can he return th..

  What is the profit-maximizing price of e-books relating

The company has determined that it would earn zero economic profits if price were equal to average total cost, and in this case it could sell 20,000 copies. In the short run, what is the profit-maximizing price of e-books relating to do-it-yourself..

  Suppose the owner bears a monitoring cost

Suppose the owner bears a monitoring cost of m, which is subtracted from income, so that the owners utility is U (x^beta, y^beta-m). mLet the monitoring cost person be a function m(n) of the number n of team members, with m increasing as n increase. ..

  Prisoners dilemma is a game that has been and continues to

prisoners dilemma is a game that has been and continues to be studied by people from a variety of disciplines from

  What output is chosen in equilibrium

The market demand curve is Q = 38 -P. There are two firms: firm1 and firm 2. One has MC=2 and the other has MC= 5. They choose outputs simultaneously (the cournot model).What output is chosen in equilibrium

  Transfer pricing is one of the methods

Transfer pricing is one of the methods that MNCs use to move money around the world. This practice is still legal, but has been creating major problem in the world. Explain the problem and discuss how you would go about solving this problem.

  Consumer purchase in order to maximize her utility

Suppose a consumer's utility function is given by U(X,Y) = X*Y. Also, the consumer has $288 to spend, and the price of X, PX=16, and the price of Y, PY = 1. How much X and Y should the consumer purchase in order to maximize her utility? How much tota..

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