hi! Need some help with this question! Thanks in advance!
When minimum wage = 8
Supply = 7000 labors
Demand = 3000 labors
Unemployed = 7000 - 3000 = 4000
option C is correct answer
hi! Need some help with this question! Thanks in advance! QUESTION 16 1 points Figure 28-3...
QUESTION 7 Figure: The vertical distance between points A and C represents a tax in the market. T Price Supply 1000 900+ 800 700+ 600 + 500+ 400 300 C 200+ 100 Demand 10 20 30 40 50 60 70 80 90 100110 Quantty Refer to Figure. After the taxes a. there will be a loss to the consumers of the amount $4,000. Б. there will be a loss to the consumers of the amount S6,000. Cthere will be a...
3 Peru D 02 4 68 10 12 14 Quantity The figure above illustrates the current market for workers in Lima, Peru 1. Without any government intervention, what is the equilibrium wage rate and amount of employment? L 2. Shade and compute the Consumer Surplus (CS) and Producer Surplus (PS). Careful: consumer surplus here is surplus to the FIRMS hiring the workers; producer surplus is the surplus that accrues to the workers supplying their work CS PS 3. If the...
15. When a union bargains successfully with employers, in that industry, 3. both the quantity of labor supplied and the quantity of Inbor demanded increase b. both the quantity of labor supplied and the quantity of labor demanded decrease. c. the quantity of labor supplied increases and the quantity of labor demanded decreases d. the quantity of labor demanded increases and the quantity of labor supplied decreases 16. Efficiency wages a. create a shortage of labor, and so reduce unemployment....
QUESTION 15 If the market equilibrium for wages is $8/hr, and the government imposes a minimum wage of $10/hr, it will result in A. an increase in social welfare. B. social justice. C. an economic boom. D. a benefit for all workers. E. surplus labor (unemployment), CUESTION 15
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C S $ AD $100 $ 160 GDP $100 200 300 400 500 600 700 I $80 80 80 80 220 280 340 80 400 80 460 80 Complete the columns on S, and AD. (7 marks) The MPC is and the MPS is (4 marks) At $600 billion level of GDP, the APC is and APS is (4 marks) 4. If both government spending and taxes are zero, the equilibrium level...
Question 3. (13 points) Provide some intuitive discussion as to why a minimum wage increase may especially affect the unemployment rate of young workers.
QUESTION 3 Figure Price Supply P K I P" P B M N Demand Quantity Refer to Figure. If the government imposes a tax size of P- P" in the above market then the area L+M+Y represents a. consumer surplus after the tax. producer surplus after the tax. Cconsumer surplus before the tax. producer surplus before the tax. QUESTION 4 4 point Figure Supply Dennd Quantity Q1 02 Q3 Q Qs Refer to Figure. If the government impose a tax...
Hi, I could really use some help with the below question. Thanks in advance! Many organizations make use of Organizational Development in mergers and acquisitions, a growing area of OD. In what ways do you think the use of OD could help employees transition through an acquisition?
QUESTION 15 Figure 6-6 Tarice 10 20 30 40 50 60 70 80 quantity Refer to Figure 6-6. If the government imposes a price ceiling of $8 on this market, then there will be O a. a shortage of 10 units. O b. a shortage of 20 units. O c. no shortage. O d. a shortage of 40 units.
5-7
QUESTION 5 I nominal GDP grew 9 percent last year and the population have not changed and inflation rate was 4 percent, then real GDP per capita grew by percent. 2.25 13 QUESTION 6 -20 + 4/w), where w is the wage per Suppose a firm's labor demand equation is L-28-21w), and the labor supply equation that it froos is, hour worked. The government imposes a minimum wage equal to 10. As a result unemployment will not change increase...