--%>

Minimum-wage

Select the right ans wer of the question. Critics of minimum-wage legislation argue that it: A) keeps inefficient producers in business. B) reduces employment.C) undermines incentives to work. D) is deflationary.

   Related Questions in Microeconomics

  • Q : Natural barrier to entry in monopolizes

    The Diamante Corporation is vast and owns the world’s merely red diamond mine. Thus diamante monopolizes the market for red diamonds, and this is protected by competition by a: (1) regulatory barrier to entry. (2) strategic barrier to entry. (3) natural barrier

  • Q : Price elasticities for market demand

    Of the given price elasticities [ed] for market demand curves, there the one which is absolutely implausible by the vantage of standard economic theory would be one for that, across all conceivable ranges of prices: (1) ed= 0 and the

  • Q : Increased value of product due to time

    The farmer stores corn after its harvest in the fall and then vends it in the spring as a hog food at very higher price. The raised value of the corn is due to its modifying: (i) Place. (ii) Form. (iii) Possession. (iv) Time. Can s

  • Q : Competitive Prices for selling This

    This purely-competitive producer’s generic bricks presently sell for: (i) $60 per thousand. (ii) $70 per thousand. (iii) $80 per thousand. (iv) $90 per thousand. (v) $100 per thousand.

    Q : Quantity sold of total revenue of pure

    Total revenue of a pure competitor is its quantity sold that is multiplied by its: (w) profit per unit. (x) price per unit. (y) average variable cost. (z) overhead cost per unit. Can someone explain/help me with be

  • Q : Special characteristic of firms in an

    The special characteristic of firms within an oligopoly NOT determined in other market structures is: (i) homogeneity of product. (ii) interdependence that is mutually recognized. (iii) restricted entry. (iv) a high degree of market power. (v) perfect

  • Q : Maximum negatively-sloped demand curve

    The total revenue of a firm which faces a negatively-sloped demand curve: (w) is at a maximum where marginal revenue is zero. (x) declines while average revenue falls as output grows. (y) rises at an increasing rate over the output range plagued throu

  • Q : Short-run Demand for Labor Short-run

    Short-run demand for the labor would be LEAST affected by the: (i) Productivity of resource. (ii) Prices of substitute resources. (iii) Demand for goods generated by the resource. (iv) Fixed costs of firm. Can someone please help m

  • Q : Problem on adjustments in Income Effect

    Whenever your purchasing power drops as the price of a good you purchase increases, you make adjustments as of the: (1) Marginal utility effect. (2) Price level effect. (3) Income effect. (4) Consumer excess effect. Choose the righ

  • Q : Problem on sellers utility function The

    The economy consists of a single buyer and a single seller. The buyer has the utility function b ln xB1 + xB2 with b ≤ 10. The seller has the