Home / Questions / The market equilibrium wage is currently $12 per hour among hairdressers. At that wage, 1
The market equilibrium wage is currently $12 per hour among hairdressers. At that wage, 17,323 hairdressers are currently employed in the state. The state legislature then sets a minimum wage of $11.50 per hour for hairdressers. If there are no changes to either the demand or supply for hairdressers when that minimum wage is imposed, the number of hairdressers employed in the state will be:
a. Fewer than 17,323.
b. Still 17,323.
c. More than 17,323.
d. This is a bilateral monopsony so you can’t tell.
5. On average, 50-year old workers are paid several times more than workers in their teens and twenties. Which of the following options is the most likely explanation for that huge difference
in average earnings?
a. Older workers have more human capital and higher MRPs.
b. Employers engage in widespread discrimination against younger workers.
c. Young people lack information about the existence of the high-paying jobs occupied by older workers.
d. Older workers receive compensating differences because they do jobs that are more risky than the jobs done by younger workers.
Dec 05 2019 Read more Less More
Detailed Clock (same as Programming Exercise 14.27, page 591)Modify the ClockPane class in Section 14.12 of the course text to draw the clock with more details on hours a...
Apr 18 2020Analyze the following table to answer the questionsProduct 1Inventory50Project Sales for Oct, 20141,000Actual Sales for Oct, 2014900Project Sales for Nov, 20141,200Minimu...
Dec 02 2019The most recent financial statements for Fleury Inc., follow. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. ...
Dec 02 2019Let D be a point between B and C on the side BC of?ABC such that BD=15, CD = 5, and ?ADB = 60 = (1/2)?CAB. Find the length of AC. >
Aug 08 2020The Bank Balance Sheet1) Which of the following statements are true?A) A bank"s assets are its sources of funds.B) A bank"s liabilities are its uses of funds.C) A bank"s ...
Jun 17 2020Using rule as presented in the text with n ¼ 2, calculate the dimensions of an effective riser for a casting that is a 2 in. x 4 in. x 6 in. rectangular plate. Assume th...
Jul 01 2020The value of information is directly linked to how it helps decision makers achieve the organization’s goals.1. A (An) _________________ is a set of interrelated componen...
Jul 16 2020Antonio runs a shoe repair store by himself. Customers arrive to bring a pair of shoes to be repaired according to a Poisson process at a mean rate of 1 per hour. The tim...
Aug 06 2020How long does it take to finish the 1161-mile Iditarod Dog Sled Race from Anchorage to Nome, Alaska? Finish times (to the nearest hour) for 57 dogsled teams are shown bel...
Apr 10 2020Dale Emerson served as the chief financial officer for Reliant Electric Company, a distributor of electricity serving portions of Montana and North Dakota. Reliant was in...
May 19 2018Welcome to MyCourseHelp Services, World's leading Academic solutions provider with Millions of Happy Students.