The graph plz Click on the icon to read the news clip, then complete the followingsteps.The graph shows the market for fast-food workers.Draw a point to show the wage rate and the number of fast-food workersemployed 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 hourminimum wage of $13.00 an hourO A. no one is unemployed and firms have all the workers they want;some workers are unemployedOB. some workers are unemployed;tOC.O D. firms cannot hire as many workers as they want;no one is unemployed and firms have all the workers they wantsome workers are unemployed;firms cannot hire as many workers as they wantno one is unemployed and firms have all the workers they want6yM&7Selected:noneO; and at au*8O*9HO16.00-15.00-14.00-13.00-12.00-11.00-10.00+50410Delete Clear ?)Wage rate (dollars per hour)0200250100 150Quantity (thousands of workers)>>> Draw only the objects specified in the question.C+S300D350NextQOCba

A minimum wage is the minimum amount of remuneration that an employer has to pay to the employee. 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

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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

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

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