3. Answer the questions on the right based on the following scenario: 5 2 points Car Manufacturer Scenario: You are a minimum-wage worker at a U.S. company that makes cars. Last month's finance report on your profits and sales is below. This a. What would your company's monthly profits be if they did not make any changes morning, your government announced it would save the American people money except reducing the price of the car from $12,000 to $10,000? on cars by capping the price of the kind of cars you make at $10,000. Some of your co-workers know you are taking this course and want to know what you think will happen. BI U A . A . TE = = X X E Monthly Financial Report 14pt Paragraph . . ~ f Total Profit Total Monthly Revenue |$2,400,000 Monthly 6 4 points Total Monthly Profit |$400,000 b. Identify at least one action your company would take. Revenue B I U A . A . TX B = = X X E Paragraph . . Of Average Price of Cars # of Cars Total 14pt Sold Revenue $12,000 200 $2,400,000 Employee Salaries Hourly Monthly ota Rate Pay per # of Monthly 7 4 points Employee Employees Cost . Be specific, and explain why you came to that conclusion using the principles of supply and demand. General Manager $30/hour $4,800 1 $4,800 |B I U A . A . TX B = = X X E 14pt Paragraph . . of Shift Managers $15/hour $2,400 5 $12,000 Assembly-Line Employees $12/hour $1,920 25 $48,000 Total Monthly Cost of Salaries |$64,800