Figure 28-7 
-Refer to Figure 28-7.At a minimum wage of $125,how much is the surplus of labor?
Definitions:
Skill Needs
The specific abilities and expertise required for performing certain tasks or jobs effectively.
Response Time
The amount of time it takes to react to a request or stimulus, often used in the context of customer service or computer processing.
Tariffs
Taxes imposed by a government on imported or exported goods.
Economies of Scale
Economies of scale refer to the reduction in the cost per unit that companies experience as they increase their production volume.
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