Begin by locating a scholarly article regardingthe effects of increases on minimum wages anddiscuss its findings. Does a minimum wageincrease lead to reductions in employment, or isthe overall effect on employment net positive?Do you agree or disagree with the results of thestudy? What do you think are other vitalconsiderations that should be taken into accountin the study? Discuss how conscious capitalismwould approach a minimum wage increase.Provide examples to support your rationale.NOT AN ESSAY200 words MAXIMUM

2021 Guide to the Australian Minimum Wage for Employers. (2021). Square. Retrieved 2021, from…

Answered: Begin by locating a scholarly article…

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 3P

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The owner of Barb’s Burgers has suggested the firm should invest in more moderntechnology and created a list of potential changes she thinks may be helpful as aninvestment. She has asked you to analyze the four potential choices and comment onwhat this would change in terms of cost: Hire a firm to create an online system to allow customers to order even when theyare not physically at Barb’s Burgers. This would allow for people to ensure theirorders were input correctly for those who are pickier eaters. The online systemwould need to be integrated into the point of sales system to track orders for thekitchen Question: Argue how each of these is likely to change the cost of the firm once implemented (i.e. are any of these a fixed cost or a variable cost). How this adjust theamount of labour and/or capital currently necessary for the firm? Would the technology be a general technology, labour-saving, or capital-saving?
Recently NJ chose to increase the minimum wage, who are the winners andlosers? Why? Make sure to draw a graph to support your answer. What is analternative solution?
The owner of Barb’s Burgers has suggested the firm should invest in more moderntechnology and created a list of potential changes she thinks may be helpful as aninvestment. She has asked you to analyze the four potential choices and comment onwhat this would change in terms of cost: Allow Barb’s Burgers to be delivered via the pre-existing food delivery systems.For example, allow people from Doordash/Uber Eats to pick-up orders and deliverthem. This would require the firm to make some minor changes and result in fewerparking spaces for customers dining at the restaurant. Question: Argue how each of these is likely to change the cost of the firm once implemented (i.e. are any of these a fixed cost or a variable cost). How this adjust theamount of labour and/or capital currently necessary for the firm? Would the technology be a general technology, labour-saving, or capital-saving?
The way the workers’ compensation system works now, employees permanently injured on the jobreceive a payment of $X each year whether they work or not. Suppose the government were toimplement a new program in which those who did not work at all got $0.5X but those who did work got$0.5X plus workers’ compensation of 50 cents for every hour worked (of course, this subsidy would bein addition to the wages paid by their employers). What would be the change in work incentivesassociated with this change in the way workers’ compensation payments are calculated?
Zagreb International Review of Economics & Business, Vol. 10, No. 1, pp. 33-66, 2007Â© 2007 Economics Faculty ZagrebAll rights reserved. Printed in CroatiaISSN 1331-5609; UDC: 33+65Outsourcing to China: Opportunities, Threats, and StrategicFitIlan Alon*Theodore T. Herbert**J. Mark Munoz***Abstract: China is a prominent outsourcing destination in Asia. International labour outsourcing,specially in the IT sector, has grown rapidly in recent years. This article defines outsourcingthrough an extensive review of the literature and discusses the opportunities and challengesfor outsourcing to China. Seeking strategic â€˜fitâ€™ among the disparate elements that influencethe firmâ€™s outsourcing decision is recommended. The authors explore the IT and businesslandscapes in China and propose strategies for outsourcing success there.Keywords: labour outsourcing, China, information technology, international business,…
The nation of Ectenia has 20 competitive appleorchards, all of which sell apples at the world priceof $2 per apple. The following equations describethe production function and the marginal product oflabor in each orchard:100100 2 ,2 5 25 2Q L LMPL Lwhere Q is the number of apples produced in a day,L is the number of workers, and MPL is the marginalproduct of labor.a. What is each orchard’s labor demand as a functionof the daily wage W? What is the market’s labordemand?b. Ectenia has 200 workers who supply their laborinelastically. Solve for the wage W. How manyworkers does each orchard hire? How much profitdoes each orchard owner make?c. Calculate what happens to the income of workersand orchard owners if the world price doubles to$4 per apple.d. Now suppose that the price is back at $2 perapple but a hurricane destroys half the orchards.Calculate how the hurricane affects the income ofeach worker and of each remaining orchard owner.What happens to the income of Ectenia as a whole?
Consider an economy consisting of traditional cottage industry with perfect competition andincreasing returns to scale manufacturing industry where urban dweller's demand may be moreconcentrated in manufactured goods in which a minimum of workers has to be employed givingrise to a different production functions for both industries. Wage rate may significantly varybetween cottage and manufacturing industry along with identical market price.How does industrialization create market failure so that public policy should initiate toswell the process of economic uplift? Even if there is homogeneity of wage rate betweentraditional cottage and manufacturing industries, Is there any way multiple equilibria may existwhen many product sectors invest at a time. Why or why not?
Need good explanation and no plagiarism
Describe what benefits may come from a reproductive policysuch as China’s. Now describe several problems that mayresult.Do you think a government should be able to enforcestrict penalties for citizens who fail to abide by such a policy?Why or why not? What alternatives to China’s policy can yousuggest for dealing with the resource demands of a rapidlygrowing population?
You are given the information of three sector economic model: C=300+0.8YD 1 = 100 G=200 T=50 What is the income equilibrium? Select one: O O A. RM2000 B RM1000 CRM2800 D. RM1300
The acceleration Principle describes an accelerating demand for a good or service resulting in considerable increase in entrepreneurial activity and capital accumulation. The resulting investment in producers goods is large and significant but is followed by a decrease ind emand resulting in a disproportional amount of idle investment relative to the reduced demand for a good or service. As a boom progresses the harder it becomes to buy machines and equipment plants are overloaded with orders for these things their customers must wait a long time before machines are delivered. this generally argues against the acceleration principle. Yet the utility use of the acceleration principe is very positive because A. The level of inventory investment can be explained very well with it B. all of the above C. Investment spending is proportional to the change in output D. It is not affected by the cost of capital
what specific educational reforms should be made to ensure that thepoor and middle-income students would have a greater chance to be admitted in thestate universities and colleges in the country?

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