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Sagot :
The company cannot afford to keep all its workers, so it has to lay off 41 workers from the job to pay the minimum wage to the rest of the workers.
What is minimum wage?
Minimum wages refer to the lowest wages employers can pay their employees legally — the lowest price at which employees may not sell their work.
Given data: Producing 100 toys each day in that company, workers earn $ 15 per hour and a minimum wage of $ 24 per hour
Assuming per day, 8 working hours are required, 100 toys per day (1 day divided by 8hours) is equal to 12.5 toy workers.
[tex]\rm\,Workers\,earn\, \$ 15 per\,hour (8\,hours) = $ 120 \\\\Minimum wage of \$ 24 per hour (8 hours) = $ 192 \\\\ = \dfrac{120}{192}\times100% = 62.5% \\ = 100 - 62.5 = 37.5\% \\\\[/tex]
37.5% approximately would lose their job which is equal to 41 workers.
Hence, 41 workers will lose their job as the company cannot afford to pay all its workers the minimum wage established by the Government.
To learn more about the minimum wage, refer to the link:
https://brainly.com/question/1148198
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