Use the Following Figure to Answer the Question : Figure

question 22

Multiple Choice

Use the following figure to answer the question : Figure 18-1 :
shows the demand and supply of unskilled labor that determines the equilibrium wage rate in the labor market.The minimum wage rate at $5.15 is higher than the equilibrium wage rate at $4.
-Refer to Figure 18-1.Which of the following distances represents the disemployment effect of the minimum wage?

• A)L₁L₃
• B)L₂L₃
• C)L₂ L₁
• D)OL₂

---

Definitions:

Relevant Information

Relevant information comprises data that is applicable and helpful in making decisions, particularly in the context of financial and managerial accounting.

Qualitative Characteristic

Attributes that make the information provided in financial statements useful to users, including relevance, understandability, comparability, and reliability.

Cost Constraint

The principle that the cost of providing financial information should not outweigh the benefits that the information provides to users.

Generating Revenue

The process by which a company produces income from its operations, sales, or services.