-The Above Figure Shows a Labor Market with a Minimum

question 17

Multiple Choice

-The above figure shows a labor market with a minimum wage of $8 an hour.How many people are employed when the minimum wage is in place?

• A) 40,000
• B) 60,000
• C) 80,000
• D) fewer than 40,000
• E) more than 80,000

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Definitions:

Citric Acid Cycle

A series of chemical reactions used by all aerobic organisms to release stored energy through the oxidation of acetyl-CoA derived from carbohydrates, fats, and proteins into carbon dioxide and chemical energy.

ATP

Adenosine triphosphate, a high-energy molecule that stores and supplies the cell with needed energy for various functions.

Succinyl CoA

A compound in the citric acid cycle that plays a role in the synthesis of porphyrin for hemoglobin and as an intermediate in several metabolic pathways.

Substrate-Level Phosphorylation

Substrate-level phosphorylation is a metabolic process where a phosphate group is directly transferred from a substrate molecule to ADP, forming ATP, occurring in glycolysis and the citric acid cycle.