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vivado [14]
2 years ago
3

A toy manufacturing company currently produces 100 toys each day. The workers at that company earn $15 per hour. however, the go

vernment establishes a minimum wage of $24 per hour. The company cannot afford to keep all its workers, so jt lays off some employees. How many people lose their jobs?
14
18
23
41
Business
2 answers:
lawyer [7]2 years ago
7 0
Given: produces 100 toys each dayworkers at that company earn $15 per hourminimum wage of $24 per hour
Required: How many people lose their jobs?
Solution:assuming that in a day, 8 hours of work is required,100 toys per day (1 day/ 8 hours) = 12.5 toysworkers at that company earn $15 per hour (8 hours) = $120minimum wage of $24 per hour (8 hours) = $192120/192 x 100% = 62.5%100 - 62.5 = 37.5about 37.5% would lose their job41

Schach [20]2 years ago
6 0

Answer: 41 people lose there jobs.

Explanation:

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