If a firm, by producing two more units of output can increase total revenue by $100, then the marginal benefit or marginal revenue per additional unit of output would be $50. This is computed by taking the change in total revenue divided by the change in output.
On June 12, 2015, the Oregon legislature passed Senate Bill 454, legislation that will require most employers with 10 or more employees in Oregon to provide employees with up to 40 hours per year of paid sick leave. As discussed below, Portland employers with six or more employees already must provide sick leave.
Lenoâs bill would raise the minimum wage to $11 an hour on Jan. 1, 2015, to $12 a year later, and to $13 per hour on Jan. 1, 2017. After that, the minimum wage would increase automatically with the consumer price index. The bill was approved by a bare-majority 21-12 vote and sent to the Assembly for consideration.