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Author Question: Refer to the information provided in Figure 28.3 below to answer the question(s) that follow. Refer ... (Read 48 times)

Jkov05

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Question 1

Refer to the information provided in Figure 28.3 below to answer the question(s) that follow.








Refer to Figure 28.3. A firm might pay wages above $10 per hour if it believes such a wage will result in all of the following 
except


◦ reduce worker shirking.
◦ reduce worker turnover.
◦ improve worker moral.
◦ agitate unions.

Question 2

Refer to the information provided in Figure 28.3 below to answer the question(s) that follow.








Refer to Figure 28.3. A minimum wage of $10


◦ will lead to unemployment of 20.
◦ will lead to unemployment of 40.
◦ will lead to unemployment of 60.
◦ will have no effect because the minimum wage is set at the equilibrium wage and for a minimum wage to have any effect on the labor market it must be below the equilibrium wage.


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Marked as best answer by Jkov05 on Apr 19, 2019

Carissamariew

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