Author Question: An employer faces a higher minimum wage control where it cannot pay its workers any less than 10.25 ... (Read 49 times)

genevieve1028 · **on:** Jul 1, 2018

An employer faces a higher minimum wage control where it cannot pay its workers any less than 10.25 an hour. The employer may react by
a. Doing nothing-it cannot violate the regulation
b. Offering the employees fewer fringe benefits
c. Increasing spending on workplace amenities
d. Hiring additional workers

Question 2

On average, if demand is unknown and costs of underpricing are _______ than the costs of overpricing, then _________.
a. Smaller; overprice
b. Smaller; underprice
c. Larger; underprice
d. None of the above