The Labor Market – YOGEN FRUZ
Most firms require labor to produce output. The number of workers to hire is often an important decision of the firm because it affects the costs and profits of the firm. Write a 2 page paper on the following issues:
Suppose you are the manager of YOGEN FRUZ. What advice would you give the owners to raise the productivity of its labor? Be specific in your proposal.
What if the government raised the minimum wage. How would this policy effect YOGEN FRUZ?
Use the readings from the background page. In general, do you think the government should intervene in the market?
Assignment Expectations
Use concepts from the modular background readings as well as any good-quality resources you can find. Please be sure to cite all sources within the text and a reference list at the end of the paper.