If a minimum-wage law is above the equilibrium wage, and if the law is enforced, there will be a decrease in the number of workers in the affected group who are employed. on the other hand, the workers in the affected group who are able to keep their jobs will earn more than they would have earned without the minimum-wage law. the net effect on the total number of dollars paid to the affected group of workers will depend on the elasticity of demand for these workers. assume that the demand for these workers is inelastic. what will happen to the total number of dollars paid to the affected group of workers?

Asmall town wants to build some new recreational facilities. the proposed facilities include a swimming pool, recreation center, basketball court and baseball field. the town council wants to provide the facilities which will be used by the most people, but they face budget and land limitations. the town has $400,000 and 14 acres of land. the pool requires locker facilities which would be in the recreation center, so if the swimming pool is built the recreation center must also be built. also, the council has only enough flat land to build the basketball court or the baseball field. the daily usage and cost of the facilities (in $1,000) are shown below. which facilities should they build? facilityusagecost ($1,000)landswimming pool4001002recreation center5002003basketball court3001504baseball field2001005

Your family business uses a secret recipe to produce salsa and distributes it through both smaller specialty stores and chain supermarkets. the chain supermarkets have been demanding sizable discounts, but you do not want to drop your prices to the specialty stores. true or false: the robinson-patman act limits your ability to offer discounts to the chain supermarkets while leaving the price high for the smaller stores. true false

How did the change in textile production affect employment in spinning and weaving for adults and children?