Suppose the market for labor is perfectly competitive and the demand for labor is and market supply is .If a minimum wage is imposed at W = 8,the gain to workers who keep their jobs,(in producer surplus terms)will be
A) 10
B) 20
C) 30
D) 40

Question

Suppose the market for labor is perfectly competitive and the demand for labor is  and market supply is  .If a minimum wage is imposed at W = 8,the gain to workers who keep their jobs,(in producer surplus terms)will be
A) 10 
B) 20 
C) 30 
D) 40

Quizplus · Accepted Answer

The Answer of Suppose the market for labor is perfectly competitive and the demand for labor is  and market supply is  .If a minimum wage is imposed at W = 8,the gain to workers who keep their jobs,(in producer surplus terms)will be
A) 10 
B) 20 
C) 30 
D) 40

Suppose the Market for Labor Is Perfectly Competitive and the Demand