Cryptocurrency Q&A
What is the lowest amount a manufacturer can pay?
What is the lowest amount a manufacturer can pay?
mia_rose_lawyer
Tue Jan 07 2025
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5 answers
1432
I'm trying to figure out the minimum amount a manufacturer has to pay. Whether it's for materials, labor, or any other costs, I want to know the lowest possible expenditure.
5 answers
Tommaso
Thu Jan 09 2025
A price floor represents the lowest limit on the legal price that can be charged for goods, services, and even labor.
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CryptoLegend
Thu Jan 09 2025
This concept ensures that sellers cannot undercut the established price, providing a certain level of protection for them.
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CryptoEmpireGuard
Thu Jan 09 2025
Minimum wage is a well-known example of a price floor in action.
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Riccardo
Wed Jan 08 2025
Governments often set minimum wage rates to guarantee that workers receive a fair compensation for their labor.
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Bianca
Wed Jan 08 2025
Employers are legally bound to pay their employees at least the minimum wage, which acts as a safeguard against exploitation.
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