Consider the accompanying figure representing the labor market below. Suppose the government passes a minimum wage requiring employers to pay at least $8.00 per hour. 
Employment will fall by ________ person-hours per day as a result of the minimum wage.
Definitions:
Incremental Discipline
A method where disciplinary actions progressively increase with each recurrence of undesirable behavior.
Management by Objectives (MBO)
A strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees.
Performance Management System (PMS)
A framework used by organizations to monitor, evaluate, and enhance the performance of employees through set objectives and feedback.
Competitive Advantage
The unique attributes or capabilities that enable an organization to outperform its competitors.
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