Refer to the information provided in Figure 13.3 below to answer the questions that follow. 
Figure 13.3
-Refer to Figure 13.3. A minimum wage of ________ will lead to unemployment of 40.
Definitions:
Deferred
Postponed or delayed, often referring to income or expenses that are recognized in a later accounting period.
Net Operating Income
The profit realized from a business's operations after subtracting all operating expenses except interest and taxes.
Variable Costing
An accounting method that includes only variable production costs (materials, labor, and overhead) in product costs, excluding fixed overhead costs.
Unit Product Cost
The total cost attributed to producing one unit of product, including direct materials, direct labor, and allocated manufacturing overhead.
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