Top Posters
Since Sunday
w
5
a
3
j
2
a
2
t
2
u
2
r
2
j
2
j
2
l
2
d
2
y
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
blinkrb blinkrb
wrote...
Go to Answer
Posts: 155
Rep: 0 0
A year ago
The graph shows the market for labor.
 

Assume that P1=$3.00, P2=$4.50, P3=$6.00, P4=$12.50, P5=$18.50, Q1=90, Q2=160, and Q3=285. At a minimum wage of $12.50, what amount of consumer surplus is transferred to producers? What is the deadweight loss? At this minimum wage, there is a ________ (shortage/surplus) of workers equal to ________. Please round your answer to two decimal places.

▸ $585.00, $280.00, shortage, 195

▸ $585.00, $280.00, surplus, 195

▸ $812.50, $500.00, surplus, 125

▸ $812.50, $500.00, shortage, 125
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 86 times
1 Reply
Replies
Answer verified by a subject expert
jennaforierojennaforiero
wrote...
#1
Posts: 132
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 180 words.
1

Related Topics

blinkrb Author
wrote...

A year ago
Thank you, thank you, thank you!
cipcal
wrote...

Yesterday
This site is awesome
DAGINC
wrote...

2 hours ago
Thanks for your help!!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1299 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 198
  
 3139
  
 1003
Your Opinion
What's your favorite math subject?
Votes: 559
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?