Author Question: A minimum wage set above the equilibrium wage rate for low-skilled workers ________. A) creates ... (Read 256 times)

fbq8i · **on:** Jun 29, 2018

A minimum wage set above the equilibrium wage rate for low-skilled workers ________.

A) creates more employment opportunities for low-skilled workers
B) creates more prosperity among younger people
C) creates unemployment among low-skilled workers
D) increases the number of good paying jobs available to young people

Question 2

In the above table, if the firm sells 5 units of output, its total revenue is

A) 15.
B) 30.
C) 75.
D) 90.