A major effect of government raising the minimum wage is that:
A. It strengthens the business cycle by stimulating supply
B. The government will be criticized by business and the media for being too compassionate
C. The poorer working class get government-mandated pay raises
D. It increases unemployment among workers who had been paid the least
E. Prices will increase by the same percentage as the minimum wage increase
Answer: D. It increases unemployment among workers who had been paid the least
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Divine Foods produces a gourmet condiment that sells for $24 per unit
Variable cost is $6 per unit, and fixed costs are $8,000 per month. If Divine expects to sell 1,500 units, compute the margin of safety in units. (Round any intermediate calculations and your final answer to the nearest whole unit.) A) 444 units B) 1,056 units C) 1,500 units D) 19 units
Why do firms benefit from prompt payments?
What will be an ideal response?