Atoy manufacturing company currently produces 100 toys each day. the workers at that company earn $15 per hour. however, the government establishes a minimum wage of $24 per hour. the company cannot afford to keep all its workers, so it lays off some employees. how many people lose their jobs? a. 14 b. 18 c. 23 d. 41

The correct option is D (41)

Solution: Assuming that in multi day, 8 hours of work is required,100 toys every day (1 day/8 hours) = 12.5 toys workers at that organization gain $15 every hour (8 hours) = $120 minimum compensation of $24 every hour (8 hours) = $192120/192 x 100% = 62.5%100 - 62.5 = 37.5 about 37.5% would lose their job 41  

the earthquake in haiti was a magnitude of 7.0 according to the u.s geological survey yet the smaller earthquake in haiti killed more than 200,000 and left more than 1.2 million people homeless. the chile earthquake was a magnitude of 8.8 and 500 times more stronger but chile's earthquake only injured 712 people.