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Author Question: The figure above shows the market for low-skilled labor in Midland city. The government sets a ... (Read 176 times)

jon_i

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  • Posts: 549
on: Jun 29, 2018
The figure above shows the market for low-skilled labor in Midland city. The government sets a minimum wage at 6 per hour. With the minimum wage law enacted, the potential loss from job search in Midland city is
 
  A) 60 million.
  B) 120 million.
  C) 40 million.
  D) zero.

Question 2

In the above table, the technique that is never economically efficient is
 
  A) A.
  B) B.
  C) C.
  D) D.


ambernicolefink

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


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