The demand for labor is l = 4000minus−300w, where l is the number of workers demanded and w is the hourly wage rate. the supply of labor is l = 200w. the equilibrium wage rate in this market is $88, and the equilibrium quantity of labor is 16001600 workers. (enter your responses as integers.) a minimum wage law is passed that sets the minimum wage at $9 per hour. as a result, 13001300 workers are demanded and 18001800 workers are supplied, so unemployment is 500500workers. (enter your responses as integers.) do all workers benefit from the minimum wage law? no, because not everyone can find work at the higher wage. which group of workers will have the least difficulty finding work at the minimum wage? a. young and inexperienced workers. b. highly educated workers. your answer is correct. c. low skilled workers. d. all of the above. the deadweight loss from the minimum wage law is $nothing. (enter your response as an integer.)
Answers: 3
Business, 22.06.2019 12:50, sunshine0613
Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.
Answers: 3
Business, 22.06.2019 13:10, kell22wolf
Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.
Answers: 3
Business, 22.06.2019 19:00, chrisroman152
20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.
Answers: 2
The demand for labor is l = 4000minus−300w, where l is the number of workers demanded and w is the h...
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