Figure 9-2 
-Refer to the Figure 9-2.If the minimum wage is $5 or $6,what is the number of people unemployed,respectively?
Definitions:
Internal Rate Of Return
A metric used in capital budgeting to estimate the profitability of potential investments, calculated as the discount rate that makes the net present value of all cash flows equal to zero.
Salvage Value
The projected final worth of an asset at the end of its period of use.
Operating Costs
The expenses related to the day-to-day activities of a business, such as wages and rent.
After-Tax Discount Rate
The discount rate used in financial analysis that reflects the net cost or benefit of investment after accounting for taxes.
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