The graph shows the market for fast-food workers. Draw a point to show the wage rate and the number of fast-food workers employed if the minimum wage is: 1) $13.00 an hour. Label the point 1. 2) $15.00 an hour. Label the point 2. In the graph, at a minimum wage of $15.00 an hour : and at a
The graph shows the market for fast-food workers. Draw a point to show the wage rate and the number of fast-food workers employed if the minimum wage is: 1) $13.00 an hour. Label the point 1. 2) $15.00 an hour. Label the point 2. In the graph, at a minimum wage of $15.00 an hour : and at a
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
The graph plz
![Click on the icon to read the news clip, then complete the following
steps.
The graph shows the market for fast-food workers.
Draw a point to show the wage rate and the number of fast-food workers
employed if the minimum wage is:
1) $13.00 an hour. Label the point 1.
2) $15.00 an hour. Label the point 2.
In the graph, at a minimum wage of $15.00 an hour
minimum wage of $13.00 an hour
O A. no one is unemployed and firms have all the workers they want;
some workers are unemployed
OB. some workers are unemployed;
t
OC.
O D. firms cannot hire as many workers as they want;
no one is unemployed and firms have all the workers they want
some workers are unemployed;
firms cannot hire as many workers as they want
no one is unemployed and firms have all the workers they want
6
y
M
&
7
Selected:
none
O
; and at a
u
*
8
O
*
9
H
O
16.00-
15.00-
14.00-
13.00-
12.00-
11.00-
10.00+
50
4
10
Delete Clear ?
)
Wage rate (dollars per hour)
0
200
250
100 150
Quantity (thousands of workers)
>>> Draw only the objects specified in the question.
C
+
S
300
D
350
Next
Q
OC
ba](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa3e6f056-1ebb-4e4d-a14d-3b0f55103c33%2Fd961acea-d4cc-4c81-b9f8-28d1d0af16f3%2F827wnqn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Click on the icon to read the news clip, then complete the following
steps.
The graph shows the market for fast-food workers.
Draw a point to show the wage rate and the number of fast-food workers
employed if the minimum wage is:
1) $13.00 an hour. Label the point 1.
2) $15.00 an hour. Label the point 2.
In the graph, at a minimum wage of $15.00 an hour
minimum wage of $13.00 an hour
O A. no one is unemployed and firms have all the workers they want;
some workers are unemployed
OB. some workers are unemployed;
t
OC.
O D. firms cannot hire as many workers as they want;
no one is unemployed and firms have all the workers they want
some workers are unemployed;
firms cannot hire as many workers as they want
no one is unemployed and firms have all the workers they want
6
y
M
&
7
Selected:
none
O
; and at a
u
*
8
O
*
9
H
O
16.00-
15.00-
14.00-
13.00-
12.00-
11.00-
10.00+
50
4
10
Delete Clear ?
)
Wage rate (dollars per hour)
0
200
250
100 150
Quantity (thousands of workers)
>>> Draw only the objects specified in the question.
C
+
S
300
D
350
Next
Q
OC
ba
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