1of1 snort Pager a 1 - The Microeconomics of the Minimum Wage Short Paper fl 1 is due in Week fl 5 (Sunday at 9 pm, with a grace period until 11:59I pm). Papers submitted after 9 pm and up to and including 11:59 pm on the due date are late but NOT penalized. Any paper submitted after the grace period is late and penalized at the rate of one letter grade per day late (or any portion thereof]. Blackboard is the official timekeeper. After 3 days, any paper not submitted is graded as zero. The paper must use at least three disciplinary sources but not necessarily peer-reviewed sources. Students may use their textbook as a source, but it will NOT count as one of the three required sources. Wikipedia, other \"pedias,\" and videos are not disciplinary sources. Short Paper ff 1 must include at least one graph included in the body ofthe paper {though you may use more), a proper cover page, a references page, table of contents and abstract, have proper APA format throughout the paper [proper margins, proper fonts, page numbers, proper citations), and must be the equivalent of4 written pages of text using APA properly formatted writing. The cover page, references page, any appendices, table of contents, abstract, and graphs larger than 1/3 of 1 page do not count toward the 4 pages of written text. The paper will automatically be evaluated for originality by Blackboard SafeAssign. You will nd it helpful to review Prof. Battista's handout \"Writing in Economics using APA and Visual Aids: Some Helpful Hints.\" Students may find the textbook helpful in applying concepts from their knowledge of chapter 3 {supply and demand, consumer surplus, producer surplus, deadweight loss, and price floors), chapter 4 [labor markets), and chapter 5 (elasticity of demand, determinants of elasticity, price floors) Short paper # 1 is worth 100 points and assesses Pathways SLO's 1-5, and Gateway LO's A-D. The Minimum Wage has existed as a legal entity in the United States for over 80 years. There is a thorough and passionate debate about the impacts the minimum wage has on employers, employees, compensation, costs, unemployment, and efficiency, to name just a few. Noting what has been mentioned above, write a paper in which you explore the economic benefits and economic costs (the \"pros and cons") of the minimum wage in the USA. As always, it is not an option to opt out and say there are no benefits or there are no costs yourjob is to explore the issues. At the end of your paper, you may offer your own opinion of what you think of all this