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

Economic acivity, The prevention of major swings in economic activity can b...

The prevention of major swings in economic activity can be handled most easily by the

The analysis of competetive markets, how can a price ceiling make consumers...

how can a price ceiling make consumers better-off? under what conditions might it make them worse off?

The theory of Consumer Choice and Production and cost, ECM101 – MICROECONOM...

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

Money in an economic system, Money facilitates market activities and is ess...

Money facilitates market activities and is essential in complex market systems. With money people can avoid the problems associated with coincidence of wants. Between, these pro

Monopoly, what is multi-plant monopoly?

what is multi-plant monopoly?

(Bcg) matrix, Analysis of business portfolio by using Boston Consultant Gro...

Analysis of business portfolio by using Boston Consultant Group (BCG) Matrix.

Production possibility curve, draw a production possibility frontier task u...

draw a production possibility frontier task using the graph and value and identity the pareto efficent and inefficient point and the marginal oppotunity cost of x for each point of

Micro Economic Theory, a monopolist faces a demand curve Qd- 120-2p and has...

a monopolist faces a demand curve Qd- 120-2p and has costs given by C(Q)=20Q+100 (marginal cost is constant at $20) a. What is the optimal Price and Quantity for this monopolist?

Production possibility frontier ppf, Production possibility frontier PPF is...

Production possibility frontier PPF is a combination of two or more goods a which a country can make in a given timeline or period with resource fully employed.

Global business etiquette, Your company has a product that it is interested...

Your company has a product that it is interested in marketing in a foreign country. Using one of the following Websites, click on a country of your choice to learn about Etiquette,

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages