Assumptions: (1) Employers in this market are willing and able to ignore minimum wage laws; (2) Sd represents the supply of domestic-born (and legal immigrant) workers; (3) Sₜ represents the total supply of workers in this labor market (Sd plus illegal immigrants) ; and (4) unless otherwise stated, illegal immigration is not effectively blocked by the government.How many domestic-born (and legal immigrant) workers will be hired at equilibrium?
A) 20,000
B) 50,000
C) 60,000
D) 70,000
Correct Answer:
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A)refer to the wage premium