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The labor market on Starkiller Base is described using the following supply and demand curves for labor: 1 D 400 V 'BL + 15 1
The labor market on Starkiller Base is described using the following supply and demand curves for labor: 1 D 400 V\" 'BL + 15 1 W_LS 10 10 + Suppose there are 600 non-institutionalized adults in this economy. Question 9 4 p1 If there is no minimum wage, how many people are unemployed in the neoclassical labor model? Question 10 4 p1 If the minimum wage is $22, how many people are hired on Starkiller Base? Question 11 4 pts If the minimum wage is $22, what is the labor force participation rate? The answer is in percentage form, do not include % symbol. Question 12 4 pts If the minimum wage is $22, what is the unemployment rate? The answer is in percentage form, do not include % symbol. Route to the nearest full percent. ie: 12.70 = 13
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