1. minimum wage is a price floor. in a paragraph, discuss in how an increase in minimum way will affect the quantity demanded and supplied of labor. draw the supply and demand of labor using hypothetical numbers to illustrate your answer. calculate the surplus resulting from the minimum wage increase.

Eric has challenged himself to walk 24,000 steps in 4 days. if eric walks the same number of steps each day, which function represents the number of steps eric still needs to walk to reach his goal with respect to the number of days since he started his challenge? a. y = 8,000x − 24,000 b. y = -8,000x + 24,000 c. y = 6,000x − 24,000 d. y = -6,000x + 24,000

The chs baseball team was on the field and the batter popped the ball up. the equation b(t)=80t-16•16+3.5 represents the height of the ball above the ground in feet as a function of time in seconds. how long will the catcher have to get in position to catch the ball before it hits the ground? round to the nearest second

An automobile assembly line operation has a scheduled mean completion time, μ, of 12 minutes. the standard deviation of completion times is 1.6 minutes. it is claimed that, under new management, the mean completion time has decreased. to test this claim, a random sample of 33 completion times under new management was taken. the sample had a mean of 11.2 minutes. assume that the population is normally distributed. can we support, at the 0.05 level of significance, the claim that the mean completion time has decreased under new management? assume that the standard deviation of completion times has not changed.