Labor wage
Description
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Hi there,
i have an assignment regarding to cost benefit analysis,
No need for external resources or references.
Prepare
a one-page document (11–12-point font, single or double spacing) that
discusses the following two situations as it relates to a cost-benefit
analysis:
- What is the opportunity cost of labor when there is a minimum wage?
- What is the opportunity cost of Ministry of Health hospitals? In
this case, think of the good as a hospital bed, or inpatient admission. - a graph of supply and demand is helpful for describing the situation
Thank you
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