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Mike owns a small gourmet specialty foods producer that primarily sells batter & dough mixes Due to a decrease in the price of one of his raw materials (wheat flour), he wants to increase the supply of his product. How will this probably impact the incomes of his employees? It is hard to tell what might happen to their incomes because so many other factors impact their income. Their incomes will probably go down due to the corresponding price decrease of the other major productive resource used in his products. Their incomes will probably go up because he will most likely increase their hours worked to meet his additional supply goals. Their incomes will probably stay thesame since he will probably simply hire more workers instead of increasing his current workers' hours to meet his additional supply goals.
Sagot :
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