MANHANTAN CR IS VERY HARD AND NICE AND IS SIMILAR THE TO HARDEST QUESTIONS IN GMATPREP.
At the beginning of 1994, Congress enacted a 10% increase in the federal minimum wage. At that time, Charlesville Hotdog and Beef Company employed 4,000 employees, with over 90 percent of the workforce making minimum wage. Despite the fact that the increase in minimum wage increased the operating expenses of Charlesville Co., the company reported record profits at the end of 1994.
Which of the following, if true, most helps to resolve the apparent paradox?
-Charlesville Co. spends more money procuring cows for their Hotdog and Beef products than they do paying their 4,000 workers.
-Charlesville Co. also saw an increase in expenses other than its wages in 1994.
-Before 1994, the company had considered giving its employees a 10% raise, but ultimately decided not to do so.
-The company's customer base is made up primarily of families that rely on minimum wage incomes.
-The majority of the company's 4,000 employees work in the company's meat-packing facilities.
step 1, read and understand argument 30 second
step 2, eliminate 3 choices, 30 seconds
step 3 when there are 2 choice left, read argument again and choose correct
I can go to A and D. which is correct. I see both are correct
In A, it is possible that cost of cow is lower and weakening happen
in D is is possible that customer spent more when they have more money.
In both 2 cases, possibility exist, not actual action happens so both are correct.
At the beginning of 1994, Congress enacted a 10% increase in the federal minimum wage. At that time, Charlesville Hotdog and Beef Company employed 4,000 employees, with over 90 percent of the workforce making minimum wage. Despite the fact that the increase in minimum wage increased the operating expenses of Charlesville Co., the company reported record profits at the end of 1994.
Which of the following, if true, most helps to resolve the apparent paradox?
-Charlesville Co. spends more money procuring cows for their Hotdog and Beef products than they do paying their 4,000 workers.
-Charlesville Co. also saw an increase in expenses other than its wages in 1994.
-Before 1994, the company had considered giving its employees a 10% raise, but ultimately decided not to do so.
-The company's customer base is made up primarily of families that rely on minimum wage incomes.
-The majority of the company's 4,000 employees work in the company's meat-packing facilities.
step 1, read and understand argument 30 second
step 2, eliminate 3 choices, 30 seconds
step 3 when there are 2 choice left, read argument again and choose correct
I can go to A and D. which is correct. I see both are correct
In A, it is possible that cost of cow is lower and weakening happen
in D is is possible that customer spent more when they have more money.
In both 2 cases, possibility exist, not actual action happens so both are correct.
