The quantity of unskilled labor supplied and demanded

Assignment Help Business Economics

Reference no: EM13736907

The minimum wage in California is currently $9.00 per hour. Suppose that in the market for unskilled labor, there is a surplus of labor at that price because the $9.00/hour is higher than the equilibrium wage. using a supply and demand graph, illustrate the market for unskilled labor as described above. (Wage is price, workers are supplier of labor, businesses are the demanders) if the California legislature votes to increase the minimum wage to $15 per hour what would be the impact on

A. the quantity of unskilled labor supplied in California

B The quantity of unskilled labor demanded in California

C. the number of unemployed workers in California

Reference no: EM13736907

Questions Cloud

Achieving long-term business success : In today's competitive business climate, achieving long-term business success has become more difficult. For example, changes in technology cause the demise of technology manufacturers, and changes in the supply of oil and the resulting price of g..

How you would answer criticism or resistance from voters : Choose one type of government policy about urban areas that you would change, and explain how and why. You may want to explain how you would answer criticism or resistance from voters.

Explain main marketing goals for promotions and offers : Outline your main marketing goals for promotions, offers, and giveaways. Discuss the key types of marketing materials that you intend to develop and share

Lack of training or inadequate training : Negligent training is a legal term for the lack of training or inadequate training that can be used in a lawsuit to prove the organization did not use reasonable care and thus did not provide an employee with all the knowledge and the basic skills..

The quantity of unskilled labor supplied and demanded : The minimum wage in California is currently $9.00 per hour. Suppose that in the market for unskilled labor, there is a surplus of labor at that price because the $9.00/hour is higher than the equilibrium wage. using a supply and demand graph, illustr..

Explain the overall role of store associates : From the first e-Activity, analyze the overall role of store associates in serving consumers who are better informed through technology. Support your answer with examples

Find different public relations postings by the company : Reviewing the PR of AT&T, find at least 4 different public relations postings by the company. Summarize each situation and why the company needed to post this

Analysis of arguments present : Write a 1,850 - 2,200 word debate paper in which you create a debate stem cell research and provide an analysis of arguments presented for both sides. Complete the following sections in the paper:

Nominal annual rate of return must the endowment fund earn : A permanent endowment at Wartburg College is to award scholarships to engineering science students twice per year. The first awards are to be made beginning 11.5 years after a $2.2 million lump sum donation is made.

User Account

All Pages