ECN-220 Week 4 DQ 1 In February 2015, Wal-Mart announced that it would increase the pay rate for all its lowest paid workers
In February 2015, Wal-Mart announced that it would increase the pay rate for all its lowest paid workers. Is this wage increase a growth in fixed costs or variable costs? Would it be affected by output? If Wal-Mart’s sales drop off, how might the store adjust its labor costs?
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Course: ECN-220 Introduction to Economics
School: Grand Canyon University