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Suppose That a Mining Company Employs 80% of the Available

question 39

Essay

Suppose that a mining company employs 80% of the available laborers in a town.Explain what will happen to the number of laborers hired and the wage rate paid by the mine if a minimum wage is set at the competitive level.


Definitions:

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PLISSIT Model

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Fourth Level

In a structured set of tiers or stages, the fourth position or stage which could be of importance or hierarchy depending on the context.

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