The above figure shows the market for finish carpenters in Bozeman. There is a minimum wage set at $18
Compared to the initial equilibrium without the minimum wage, once the minimum wage is in place, and after taking account of job search, the total workers' surplus ________ and the total firms' surplus ________. A) decreases; increases
B) increases; increases
C) increases; decreases
D) does not change; increases
E) decreases; decreases
E
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Suppose you buy 100 shares of 3M at $86 a share and sell all shares one year later for $99 a share. During the year, you earned a dividend of $2.10 a share. What was your rate of return? Report your answer in percentages with one decimal point
What will be an ideal response?
Public education is an in-kind benefit.
Answer the following statement true (T) or false (F)
When the private costs and the social costs are NOT the same, there is a(n)
A. externality. B. monopoly. C. public good. D. internality.
If Earl received an $800 bonus and his MPS is 0.25, his consumption rises by $________ and his saving rises by $________.
A. 400; 250 B. 825; 125 C. 800; 250 D. 600; 200