Marginal Product of Labor Case Study
Your instructor will determine Discussion questions after reviewing case study assignment submissions from you and your peers.
1. After the city of Seattle mandated a $15 per hour minimum wage in early 2015, what should be a Seattle employer's reaction under the MPL model?
2. If the $15-per-hour minimum wage were adopted by the Federal government for the U.S., what would be the macroeconomic effect in the U.S.?