Business, 31.03.2020 20:52, arianaaldaz062002

In advance of the recent increase in the U. S. minimum wage rate, the government of the state of Arizona decided to boost its own minimum wage by $1.60 per hour. This pushed the wage rate earned by Arizona teenagers above the equilibrium wage rate in the teen labor market. What is the predicted effect of this action by Arizona's government on each of the following?
a. The quantity of labor supplied by Arizona teenagers
b. The quantity of labor demanded by employers of Arizona teenagers.
c. The number of unemployed Arizona teenagers
d. Please draw demand curve, supply curve and unemployment of question a, b and c on a graph.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 09:30, byron17

Oliver's company is planning the launch of their hybrid cars. the company has included "never-before-seen" product benefits in the hybrid cars. which type of advertising should oliver's company use for the new cars?

Answers: 1

continue

Business, 22.06.2019 20:00, Hockeypro1127

An arithmetic progression involves the addition of the same quantity to each number. which might represent the arithmetic growth of agricultural production

Answers: 3

continue

Business, 22.06.2019 21:20, isabelvaldez123

Which of the following best describes vertical integration? a. produce goods or services previously purchasedb. develop the ability to produce products that complement the original productc. develop the ability to produce the specified good more efficiently than befored. build long term partnerships with a few supplierse. sell products to a supplier or a distributor

Answers: 2

continue

Business, 23.06.2019 02:50, seanisom7

Ll companies has sales of $9,800, net income of $1,060, total assets of $8,950, and total debt of $4,760. assets and costs are proportional to sales. debt and equity are not. a dividend of $371 was paid, and the company wishes to maintain a constant payout ratio. next year's sales are projected to be $10,584. what is the amount of the external financing need?

Answers: 3

continue

Do you know the correct answer?

In advance of the recent increase in the U. S. minimum wage rate, the government of the state of Ari...