If the Market for Day Care Workers Is in Equilibrium

question 34

Multiple Choice

If the market for day care workers is in equilibrium at R5.00 per hour as shown in this diagram, a minimum wage of R8.00 per hour will increase unemployment by

• A)300 workers.
• B)500 workers.
• C)600 workers.
• D)No workers.

---

Definitions:

Elected

Elected refers to having been chosen by vote for a specific position or office, typically in a political or organizational context.

Corporate Social Responsibility

The practice of businesses actively engaging in initiatives that positively impact society, the environment, and their stakeholders beyond what is legally required.

Directly Responsible

Bearing immediate accountability for actions, tasks, or outcomes, without intermediary delegation or oversight.

Profit Maximization

The process of increasing a company's profit to the highest possible level through the adjustment of sales, production, and pricing strategies.