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28 Feb 2010, 10:28
Kudos
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N
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
(N/A)
Question Stats:
40% (01:33) correct
60%
(01:53)
wrong
based on 6
sessions
History
Date
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Not Attempted Yet
Power prep cr
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28 Feb 2010, 13:55
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Ans : B.
in paradox question,choose the option to make sure both the parts of the argument are true.
here,we need to focus on increased profit even though the operating cost is considerably increased because of increased min wage. what if most of the customer of this retailer shop are those who earn min wages or depend on those who earn min wage.then after increasing the min wage,their buying power will in crease considerably,and thus the retailer shop will have higher rev and thus higher profit.this is wat option B states.
rest of the option are focussing only on the first part : increased min wages,which can not solve the paradox.
in paradox question,choose the option to make sure both the parts of the argument are true.
here,we need to focus on increased profit even though the operating cost is considerably increased because of increased min wage. what if most of the customer of this retailer shop are those who earn min wages or depend on those who earn min wage.then after increasing the min wage,their buying power will in crease considerably,and thus the retailer shop will have higher rev and thus higher profit.this is wat option B states.
rest of the option are focussing only on the first part : increased min wages,which can not solve the paradox.
AshForGMAT
03 Mar 2010, 00:55
Kudos
Bookmarks
Its B since the income of CUstomer's or the clients of the retailers has gone up thus allowing the retailer to make more profit. ...
Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Critical Reasoning (CR) Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
