The demand for labor is l = 4000minus−300w, where l is the number of workers demanded and w is the hourly wage rate. the supply of labor is l = 200w. the equilibrium wage rate in this market is $88, and the equilibrium quantity of labor is 16001600 workers. (enter your responses as integers.) a minimum wage law is passed that sets the minimum wage at $9 per hour. as a result, 13001300 workers are demanded and 18001800 workers are supplied, so unemployment is 500500workers. (enter your responses as integers.) do all workers benefit from the minimum wage law? no, because not everyone can find work at the higher wage. which group of workers will have the least difficulty finding work at the minimum wage? a. young and inexperienced workers. b. highly educated workers. your answer is correct. c. low skilled workers. d. all of the above. the deadweight loss from the minimum wage law is $nothing. (enter your response as an integer.)

The winston company estimates that the factory overhead for the following year will be $1,250,000. the company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. the total machine hours for the year were 54,300. the actual factory overhead for the year were $1,375,000. determine the over- or underapplied amount for the year.

In december of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. the contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. until february 2017, the supplier provided processed grain which could easily be used in your manufacturing process. however, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. the supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. after speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? which would be the best option for your business and why?

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