cost Archives - Jeffrey Summers

4 Ways Employers Respond to Minimum Wage Laws (Besides Laying Off Workers)

John Phelan Economics, Minimum Wage Comments Off

Most of you will be familiar with a supply and demand graph. This shows a demand curve, which graphs the relationship between the price of something and [...]

Lost Opportunity Cost

Most operators consider the cost-benefit between two (or more) choices they want to consider. The problem lies in how they chose the options being considered and whether or not there were better alternatives.

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4 Ways Employers Respond to Minimum Wage Laws (Besides Laying Off Workers)

Lost Opportunity Cost

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