Answer to Question #142471 in Microeconomics for Sinah

Question #142471

Welfare effect of minimum wage in domestic workers

Expert's answer

Minimum wage will create a surplus of domestic workers, because the quantity of labor supplied will be higher than the quantity demanded by employers. So, the deadweight loss will occur.

Learn more about our help with Assignments: Microeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. a. A rise in wage rates in which manner affect the supply
2. the state of balance obtained by an end user of a product that refers to the number of goods and ser
3. suppose eve allocates $3000 of her monthly income to the purchase of cheese cakes and soda of which
4. What is micro means
5. suppose eve allocates $3000 of her monthly income to the purchase of cheese cakes and soda of which
6. suppose eve allocates $3000 of her monthly income to the purchase of cheese cakes and soda of which
7. How does a private firm’s decision differ from a public authority’s decision?

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…