At the beginning of 1994, Congress enacted a 10% increase in the federal minimum wage. At that time, Charlesville Hotdog and Beef Company employed 4,000 employees, with over 90 percent of the workforce making minimum wage. Despite the fact that the increase in minimum wage increased the operating expenses of Charlesville Co., the company reported record profits at the end of 1994.
Which of the following, if true, most helps to resolve the apparent paradox?
A. Charlesville Co. spends more money procuring cows for their Hotdog and Beef products than they do paying their 4,000 workers.
B. Charlesville Co. also saw an increase in expenses other than its wages in 1994.
C. Before 1994, the company had considered giving its employees a 10% raise, but ultimately decided not to do so.
D. The company's customer base is made up primarily of families that rely on minimum wage incomes.
E. The majority of the company's 4,000 employees work in the company's meat-packing facilities.
Answers: 1
History, 21.06.2019 18:30
Explain in detail why hitler had over 6 million jewish people killed during the holocaust and why
Answers: 1
History, 22.06.2019 01:30
The religious scholar believes that the universe is so complex that it could not be created and directed by a signal god. which of these religions would best reflect the scholars beliefs
Answers: 1
History, 22.06.2019 04:30
Iron making developed in china almost a thousand years later than in the middle east. true false
Answers: 1
History, 22.06.2019 07:00
Based on the excerpt, what does the war powers resolution do?
Answers: 1
At the beginning of 1994, Congress enacted a 10% increase in the federal minimum wage. At that time,...
Biology, 30.03.2020 17:04
Computers and Technology, 30.03.2020 17:04
Mathematics, 30.03.2020 17:04