Will this increase number of people entering the labor

Reference no: EM13452436

The following table presents data for wars in the market for Internet security professionals.

In the labor market the roles arresevered. Those who want to hire labor are the demanders. The workwnt teeter the work force providing labor to the market place so they are the suppliers.

Wage. Quantity Demanded. Quantity Supplied

$50,000. 20,000. 14,000

$60,000. 18,000. 18,000

$70,000. 16,000. 22,000

$80,000. 14,000. 26,000

$90,000. 12,000. 30,000

A) what is the equilibrium wage?

B). Now consider this scenario: Die to an increase in the Internet security threats, the government wants to apply a price control in this market to encourage more people to become Internet security professionals. Assume that a wage control is set at $75,000. Will this increase the number of people entering this labor market? Why or why not? Will this increase the number of people hired? Why or why not?

Reference no: EM13452436

Questions Cloud

Discuss three distinct reasons why accountants are : write a 2 page apa style paper on professionals within a corporation. discuss three distinct reasons why accountants

Describe what results of launch move are for graham : assume you are a policy maker in washington dc. lobbyists for the preschoolers of america h e put pressure on their

Include the following points in your timeline in order to : include the following points in your timeline in order to examine the advantages and drawbacks of demographic

By using the information above compute the clients bmi : age gender resting heart rate height weight body fat 14 male 70 bpm 510 120 pounds 10chris is a high school student

Will this increase number of people entering the labor : the following table presents data for wars in the market for internet security professionals.in the labor market the

Write down 350- to 700-word article analysis in which you : write a 350- to 700-word article analysis in which you identify situations that might lead to unethical practices and

Use five forces model to describe why profitability of : according to the textbook the profitability of cable tv service is approximately 5 that of petroleumnatural gas is 10

How has the history of environmentalism led us to where we : write a 500-1000 word paper on the followinghow has the history of environmentalism led us to where we are today?

What are the patients problems write down the : dr. ally a 49-year-old professor was diagnosed with essential hypertension 12 years ago and was on antihypertensive

User Account

All Pages