Suppose the equiilbruim wage rate for apricot pickers is, Ask an Expert

Economics

Suppose the equiilbruim wage rate for apricot pickers is $9.00 per hour in california and at that wage rate the equilibruim quantity of apricot pickers is 14,000. If the minimum wage is set at $7.50 per hour then the

a. quantity of apricot pickers empolyed increases
b. quantity of apricot pickers employed does not change
c. wage rate for apricot pickers increases
d. some apricot pickers are unemployed
e. quantity of apricot pickers employed decreases

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M974470

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question suppose that the demand function for carrots is q

Question: Suppose that the demand function for carrots is Q D = 200 - 2 p, and the supply function is Q S = 16 p. find the: equilibrium price, equilibrium quantity, consumer surplus, producer surplus, and govt revenue fo ...

Question write a short essay of about 750 words each on the

Question: Write a short essay of about 750 words each on the following topics: What are the common defenses of protectionism? Evaluate them. Explain Coase Theorem and show how it works with examples. How does Mancur olso ...

Question what is the equivalent uniform annual amount at

Question: What is the equivalent uniform annual amount, at the end of years 3-7, of a uniform series of cash flows of 2,000 during years 2-9. the interest rate is 9% per year. The response must be typed, single spaced, m ...

Question -most people conclude that the costs outweigh the

Question - Most people conclude that the costs outweigh the benefits of a suicide bombing attack; yet, some people willingly engage in such activity. Are they miscalculating the cost/benefit problem, or do they simply va ...

Question mampms are colorful button shaped chocolates

Question: M&Ms are "colorful button shaped chocolates." Suppose that from our point of view as a consumer, each M&Ms: M&Ms is equally likely to have one of c different colors. We randomly sample 3 M&Ms: the two have the ...

Question australian are considered generally under-insured

Question: Australian are considered generally under-insured (from a personal insurance perspective). Discuss what this statement means and what are your views on how this can be addressed. The response must be typed, sin ...

Question from the end of world war ii through the late

Question: From the end of World War II through the late 1980s, wage and price gains in the US always accelerated when the economy reached full employment. However, that did not happen in the 1990s. Part of the reason wag ...

Question explain which factors would cause the is curve to

Question: Explain which factors would cause the IS curve to be steeper, and which would cause it to be flatter. When is the IS curve more likely to be steep - during recessions or booms? The response must be typed, singl ...

Question think of the last two major things you bought why

Question: Think of the last two major things you bought. Why did you buy them? What were your opportunity costs in making the purchase? What would have been the opportunity cost, if you had NOT made the purchase? (Not al ...

Question think of a time when you faced an ethical dilemma

Question: Think of a time when you faced an ethical dilemma at work, at school, or at home. Be sure to choose a situation in which you had to choose between two or more options, each with negative consequences for you or ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert