37. Jon Snow has recently opened a vintage clothing store and employs four worke

Question

37. Jon Snow has recently opened a vintage clothing store and employs four workers, and pays them competitively Each article of clothing that he sells costs $5 to obtain, and must be cleaned, sorted, and displayed in the store by his workers. In one hour of work, Ned can clean, sort, and display 5 articles of clothing: Ygritte is able to complete these tasks 10 times each; Robert is able to do cach 4 times: and Davos is able to complete these tasks 9 times each. Jon is able to sell each article of clothing for $7 each. In order to spur demand over the Christmas, the local government has decided to institute a $12/hr. minimum wage. Jon knows that winter is coming, and needs to fire workers if they do not produce enough to justify the new rate of pay. Who will lose their job(s)? A Robert only B Robert and Ned; C Robert, Ned, and Davos; D Not enough information

Explanation / Answer

Answer) D. Not enough Information. ( To determine who lose job after implementation of minimum wage it is important to have their current wages and the profit Jon is earning)

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