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There Are Two Separate Labor Markets in Toontown,illustrated by the Graphs

Question 139

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There are two separate labor markets in Toontown,illustrated by the graphs below.Both labor markets currently pay $6.00 per hour,and both require the same skills and qualifications.The Toontown City Council is considering enacting a $7.50 living wage ordinance,which would require all Toontown employers to pay wages of at least $7.50 per hour. There are two separate labor markets in Toontown,illustrated by the graphs below.Both labor markets currently pay $6.00 per hour,and both require the same skills and qualifications.The Toontown City Council is considering enacting a $7.50 living wage ordinance,which would require all Toontown employers to pay wages of at least $7.50 per hour.   At the current wage of $6.00,employer surplus in Market A is ___ and in Market B is ___. A) 36;36 B) 9;9 C) 18;18 D) 36;9
At the current wage of $6.00,employer surplus in Market A is ___ and in Market B is ___.


A) 36;36
B) 9;9
C) 18;18
D) 36;9

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