Tutor profile: Kartikeya G.
$$ f(x)=ax^2+bx+c $$, where a is not equal to 0.
The graph of a quadratic function is a parabola, which opens up if a>0 and opens down if a<0.
How does an increase in the minimum wage affect the economy?
Increasing the minimum wage arguably can affect the price of goods and services, but it can also increase consumer spending. Most who answer this question will be forced to look at the pros and cons of a minimum wage increase and how it affects the economy. However, many who earn minimum wage might be torn between wanting more money and discovering how it causes prices to rise.
Why should your business exist? What is the value proposition and what problem are you solving?
Being an entrepreneur is fanciful these days. Everyone wants to be one but most never succeed. The answer to the above question is key to the success of your business. There needs to be a strong reason for your business to exist and ideally, you want to be able to quantify the value proposition so to the cent. A lot of times people solve problems that don't exist or are so minuscule in nature that they don't help produce a scalable solution. Everyone needs to think this through!
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