If workers are perfectly mobile,what will be the wage of the chef at the fancy restaurant?
A) $5
B) $6
C) $7
D) $8
E) $9
Correct Answer:
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Q1: Suppose instead of the subsidy,the government imposes
Q3: Suppose the state government increases the payroll
Q4: Which of the following does not occur
Q5: Suppose the government imposes an employment subsidy
Q6: How many workers are employed in the
Q7: After the $4 subsidy is imposed,how many
Q8: What is the equilibrium wage?
A) $5
B) $7
C)
Q9: After the $4 tax is imposed,how many
Q10: If workers are perfectly mobile,what will be
Q11: How many chefs will work in the
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