Minimum Wages Typically Apply to Unskilled Workers

question 53

Multiple Choice

Minimum wages typically apply to unskilled workers. Which of the following would lead unionized workers to push for higher minimum wages

• A)higher minimum wages mean union workers provide less effort
• B)excess supply in one market is accompanied by excess demand in another
• C)unionize workers try to do what's best for all workers
• D)higher minimum wages cause inflation and push- up union wages

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Definitions:

Direct Labor-Hours

The total hours of labor directly involved in the production of goods, a key factor in calculating labor costs.

Estimated Total Overhead

The projected total of all indirect production costs, including but not limited to utilities, rent, and administrative expenses.

Assembly Department

A section within a manufacturing facility where components are assembled into final products or where significant assembly work is performed.

Total Overhead Applied

The total amount of overhead costs allocated to products or services based on a predetermined overhead rate.