Calculate domestic income with given information:- Compensation of employees = $2000 Operating surplus = $3000 Mixed income = $500

A state funded report in Florida brings media attention to the wage gap between landscapers and childcare workers. Whereas childcare workers are largely female, landscapers are largely male. The state passes comparable worth legislation to bring this wage discrepancy into balance. The graph represents the market for childcare workers. Adjust the wage line to illustrate the impact an hourly wage requirement of $11.00/hour has on this market. Hourly wage ($) 54 32 no 15 14 13 12 11 10 9 8 6 LO 5 4 3 21 2 O 0 50 supply wage demand 100 150 200 250 300 350 400 450 500 Workers What impact did this legislation have on the level of employment of childcare workers? Employment decreases by 100, and the size of the surplus equals 250 childcare workers. Employment increases by 150, and the size of the surplus equals 250 childcare workers. O Employment decreases by 150, and the size of the shortage equals 250 childcare workers. O Employment increases by 100, and the size of the shortage equals 250…

WAGE (Dollars per hour) 15 Labor Supply 12 0 200 400 600 Labor Demand 900 1000 QUANTITY (Thousands of workers) Graph Input Tool Labor Market Wage Rate (Dollars per hour) Labor Demanded (Thousands of workers) $11.1 260 Labor Supplied (Thousands of workers) 740 480 Surplus Labor (Thousands of workers) Labor Demand Shifters Tax Credit (Dollars per hour) ° ? Suppose the minimum wage in this economy is $11.10 per hour. An unemployed worker is defined as someone who is willing to work at the prevailing wage but is unable to find employment. Because the minimum wage lies above the equilibrium wage, it is binding, which means it is also the prevailing wage. If the wage is not allowed to fall below $11.10 per hour, the size of the unskilled labor force is workers are considered unemployed. The unemployment rate is defined as the percentage of unemployed workers in the labor force: Unemployment Rate = Unemployed Labor Force x 100 workers, and unskilled At a minimum wage of $11.10 per hour, the…

How does the average Waste Management annual salary compare with that of Switzerland as a whole country? A) Waste Management between CHF 11,000 and CHF 13,000 less than average B) Waste Management between CHF 9,000 and CHF 11,000 less than average  C) Waste Management between CHF 7,000 and CHF 9,000 less than average D) Waste Management between CHF 5,000 and CHF 7,000 less than average E) Waste Management between CHF 3,000 and CHF 5,000 less than average

After hiring the third emplyee, John was able to produce 110 units instead of 80 units without the third employee. The price of each unit is $10. What is the Marginal Revenue Product of the third employee.      $800     $1100     $3000     $1900     Not Enough Information

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If older workers have a tax elasticity of labor supply equai to 014, by how much will their work activity decline when they reach the Social Security earnings test limit? (Recall that the Social Security earnings test limit is 50 percent. Assume explicit taxes of 20 percent below that limit. Use the midpoint method.) Instructions: Enter your response as a positive percent rounded to one decimal place. Do not include a negative sign () with your answer.