What will happen to demand for labor in the food service delivery during this pandemic if the demand for food service delivery increases? But the cost of food service delivery remains the same.

Q: Workers at a bicycle assembly plant currently earn the mandatory minimum wage. If the government…

A: Imposition of increase in minimum wage leads to increase in the cost of the firm which produce…

Q: Which of the following is true concerning the PLSAs? a) They help people spend more money b) They…

A: The PLSAs are the Prizes Linked Savings Accounts in which some of the interest payment on bank…

Q: The imposition of a binding minimum wage makes all workers affected by it better off.

A: The statement is false Minimum wage is like a price floor which is set above the equilibrium wage.…

Q: n the figure above, a shift from D1 to D2 might be caused by a. a decrease in the supply for labor.…

A: Labor: - labor is one of the factors of production, any physical and mental work by humans against a…

Q: With the rise of minimum wage in the U.S., will suppliers ask procurement to accept price hikes? How…

A: While it is common logic that an increase in minimum wages leads to an increase in prices as the…

Q: poverty among

A: Minimum wages is the minimum amount of remuneration which an employer is in turn being required for…

Q: The minimum wage is often offered as a possible way to address the income gap. There is, however, a…

A: Minimum wage is the lowest wage below which an employee cannot hire workers.

Q: An increase in the minimum wage to $6 would cause million people to be unemployed.

A: market equilibrium is where the market demand equals market supply. According to the graph, market…

Q: Why might some firms voluntarily pay workers a wage above the market equilibrium, even in the…

A: In a market, firms make demand for labor and pay wages to them in return of their efforts on the…

Q: Are teenagers better off when a higher minimum wage enables some to earn higher wages but causes…

A: The minimum wage if happens to be larger than the equilibrium wage would cause a rise in…

Q: If the minimum wage is set above the equilibrium wage, a supply and demand diagram of the…

A: The below graphs shows the scenario,

Q: For Group A the cost of attaining an educational level y is  CA(y) = $6,000y and for Group B the…

A: * SOLUTION :-  Given that ,  CA(y) = $6,000y CB(y) = $10,000y.   Employees will be offered $50,000…

Q: Market power is a ability of a single economic actor to have a substantial influence on market…

A: The market is a location where the transaction of services and commodities takes place.

Q: How does the growing “McDonaldization” of developing countries spell more badnews for their small…

A: Introduction McDonaldization is explained as "the phenomenon by which fast-food chain concepts have…

Q: According to the Heritage Foundation report, what are two possible negative effects of an increase…

A: 1) With an increase in minimum wage to 15$, less skilled people will be the worst hit, as with an…

Q: Assume the market wage in industry A is $9/hour. If the government increases the minimum wage from…

A: Minimum wage is a price floor implemented by the government usually with the aim of increasing…

Q: Which of the following legislative constraints applies to the issue of minimum wage? a. human rights…

A: The answer is - b. trade union legislation

Q: Using diagrams where appropriate, analyze why gambling can be seen as an example of market failure…

A: Gambling- The process of taking a risk of money or something valuable assets on the result is called…

Q: Discuss whether or not a country such as Singapore should regulate the number of migrant workers

A: Migrant workers: A migrant labourer is an individual who either moves inside their nation of origin…

Q: tate true or false with reason

A: Casual workers are the one  who are employed on temporary basis. They are paid on daily basis and…

Q: What is the effect of a minimum wage set above the equilibrium wage rate in the market for…

A: The equilibrium in the labor market is achieved when units of labor demanded are equal to the units…

Q: Have any countries successfully enforced compulsorypopulation control methods?

A:

Q: Why are schools that serve economically strapped and culturally marginalized students more likely to…

A: Arts education is critical to the growth of every kid.

Q: MINIMUM WAGE LEGISLATION IS ENACTED TO PROTECT LIVELIHOODS AND REDUCE THE RISK OF VULNERABLE…

A:

Q: Consider a model in which workers differ in their preferences for undesirable working conditions X…

A: Minimum wage rate: Least wages have been characterized as "the base measure of compensation that a…

Q: In the third division of labor during the upper barbarism appear: a) farmers and herdsmen…

A: The separation of a various work process into a number of jobs, each of them is done by a specific…

Q: Are the prices of commodities in the market today (pandemic) reflective of their true value?

A: The price of a product is the amount of money required to purchase it. Price is a measure of value…

Q: How does train law negatively impact poor households in the Philippines?

A: The TRAIN Law or the Tax Reform for Acceleration and Inclusion is defined as a tax reform act which…

Q: Increases in the price of key resources such as fuel and manpower will create a

A: Decrease in imports occurs if a country has lower growth rate.  Taxation issues are demand-side…

Q: Consider the information below on the labor market in a given country.   Wage Rate/Hour Quantity…

A: At equilibrium, quantity demanded of labor is equal to quantity supplied of labor.

Q: The minimum wage is set above the equilibrium wage rate. Does the minimum wage create inefficiency?

A: Since you have posted multiple questions, we will answer the first question for you. If you want any…

Q: Suppose Gil can write a poem in 1 hour, Holly can write a poem in 2 hours, and Ivan can write a poem…

A: Given: Gil can write a poem in 1 hour, Holly can write a poem in 2 hours, and Ivan can write a poem…

Q: Under the FLSA, states are preempted from requiring a higher minimum wage than the federal amount.…

A: For employees in the private sector, as well as federal, state, and local governments, the Fair…

Q: Are minimum wage laws efficient? Why or why not?

A: Minimum wage law: When the government or its institutions made it mandatory in the eyes of the law…

Q: What would happen to wages and number of individuals employed in that market if new law required all…

A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor…

Q: "Minimum wage legislation is enacted to protect livelihoods and reduce the risk of vulnerable…

A: Every country has minimum wage legislation be it India, France, New Zealand everywhere.

Q: Economic theory suggests that an increase in the minimum wage will prompt firms to hire fewer low…

A: The wage and the quantity of the labor would be determined by the labor demand and supply in the…

Q: Some workers are “skilled”. Each of them on average will install 4 packages per day. The rest of the…

A: We see that for any given wage quantity supplied for unskilled worker is 4 times that of a skilled…

Q: Which of the following is the most likely outcome of minimum wage laws? an increase in both the…

A: The labor market of the economy determines the equilibrium wage rate and the equilibrium quantity of…