Economics 9708 · AS & A Level · Long-run costs and economies of scale

Long-run costs and economies of scale — practice question

Introducing a minimum hourly wage for all workers over 21 is likely to raise the average pay of these workers. What is the likely effect on workers under 21?

  • Aunemployment for under 21s: falls; average wages for under 21s: fall
  • Bunemployment for under 21s: falls; average wages for under 21s: rise
  • Cunemployment for under 21s: rises; average wages for under 21s: fall
  • Dunemployment for under 21s: rises; average wages for under 21s: rise

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