Determine the setting a minimum wage for under-eighteen, Microeconomics

Assignment Help:

Show the possible outcome of setting a minimum wage for under-eighteens.

Explaining and illustration of minimum wage - clearly set above market equilibrium

outlining resulting enhance in unemployment
commenting on how more experienced labour might be more demanded - suppose that the market labour rate is lower than the minimum price for under-eighteens
showing increased demand for over-eighteens in a diagram
Discussion on other possible side effects, like black market labour to avoid minimum wage

- Where employers could change the labour tax savings between themselves

Related Discussions:- Determine the setting a minimum wage for under-eighteen

Consumer behaviour, Establish relationship between production and cost for ...

Establish relationship between production and cost for a firm operation in perfect competition market in case of i phone

Marginal revenue productivity theory, Question 1: i) Derive and explain...

Question 1: i) Derive and explain Harberger's (1954) welfare loss estimates of monopolizing a perfectly competitive firm. ii) What are the roles of advertising? Can it lead

Short-run and long run profits questions, Suppose you own a home remodeling...

Suppose you own a home remodeling company. You are currently earning short-run profits. The home remodeling industry is an increasing-cost industry. In the long run, what do you ex

Theories of common property resource management, Normal 0 false...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Production, for the total product curve why is it when you reach at maximum...

for the total product curve why is it when you reach at maximum adding more input leads to decline in output?

Assignment, static & dynamic multiplier of keynision theory

static & dynamic multiplier of keynision theory

Organization becoming too large to effectively manage, Economies of scale a...

Economies of scale are advantages obtained from a company becoming large and diseconomies of scale are additional costs inflicted because a firm has become very large. The causes

Slope of an iso-quant, Slope of an Iso-quant: Since along an iso-quant...

Slope of an Iso-quant: Since along an iso-quant the level of output remains the same, if θL units of θL are substituted for K units of K, the increase in output due to θ L

International trade, merits and demerits of international trade

merits and demerits of international trade

What are the three approaches to measuring gdp, What are the three approach...

What are the three approaches to measuring GDP? The three approaches are: a) The production approach, b) The spending approach and c) The income approach.

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages