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Author Question: The graph shows the market for labor. Assume that P1=$3.00, P2=$4.50, P3=$6.00, P4=$12.50, ... (Read 118 times)

bvyeehaw

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on: Nov 23, 2022
The graph shows the market for labor.
 

Assume that P1=$3.00, P2=$4.50, P3=$6.00, P4=$12.50, P5=$18.50, Q1=90, Q2=160, and Q3=285. At a minimum wage of $12.50, what amount of consumer surplus is transferred to producers? What is the deadweight loss? At this minimum wage, there is a ________ (shortage/surplus) of workers equal to ________. Please round your answer to two decimal places.
◦ $585.00, $280.00, shortage, 195
◦ $585.00, $280.00, surplus, 195
◦ $812.50, $500.00, surplus, 125
◦ $812.50, $500.00, shortage, 125
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by bvyeehaw on Nov 23, 2022

butterfly17

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bvyeehaw

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

cici

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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