Labor economics, economics, Microeconomics

Suppose that Congress increases the minimum wage to $10 an hour.
a. Use a supply and demand model for unskilled labor to show the effect on the number of unskilled workers employed.
b. Does the change in employment depend on the labor demand elasticity or the labor supply elasticity or both? Explain, using a graph.
c. Which elasticity (or elasticities) affects the change in unemployment? Explain with a graph
Posted Date: 2/20/2012 11:42:11 AM | Location : United States







Related Discussions:- Labor economics, economics, Assignment Help, Ask Question on Labor economics, economics, Get Answer, Expert's Help, Labor economics, economics Discussions

Write discussion on Labor economics, economics
Your posts are moderated
Related Questions
Criticisms of World trade organisation:   There are critics too of the WTO. It is believed that the WTO will emerge out destructive of biodiversity and people's livelihoods by

TREND AND STRUCTURE OF INCOME: Each sector of the economy employs natural, human and material resources and contributes to the aggregate flow of goods and services during a gi

ECM101 – MICROECONOMIC POLICY ASSIGNMENT 1 General Guidelines: This assignment comprises two sections and you must answer all questions in each section. Answers must be explained

Define Amagat law of partial volume, Amagat law of partial volume The total volume of a mixture of non reacting gases at constant temperature & pressure is equal to sum of indiv


waht are the characteristics of perfect competetion market

Perfectly Competitive Markets * Characteristics of Perfectly Competitive Markets  1. Price taking  2. Product homogeneity  3. Free entry and exit * Price Taking

effect of tariffs on national income and employment


Neutrality: Bureaucracy is apolitical and neutral. Prof. Frocderich mentions the following features of bureaucracy: (i) differentiation of functions, (ii) qualifications for o