What happens to the labor market
Problem
What happens to the labor market (I mean how supply and demand and minimum wage change), when there is a decrease in the employment-to-population ratio?
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How much will the company have to make each year for 15 years in order to recover its investment at a MARR of 10% per year?
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Describe what this would have done to the labor market in 2018 and what it does to the labor market in 2022.
What happens to the labor market when there is a decrease in the employment-to-population ratio?
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Jacinda quit her job as a blackjack dealer where she made $42,000 per year to start. What is Jacinda's opportunity cost of running the business?
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