Let’s say that an economist conducts a study about the minimum wage in a certain area. His statistics show that after the government increased the minimum wage, there was no negative effect on unemployment (unemployment did not increase). From this we can conclude that:

That the prior minimum wage level was below the equilibrium wage level, and the new minimum wage is lower or equal to the equilibrium wage.

Explanation:

The minimum wage acts like a price floor for wages, and any price floor that is set above the equilibrium price will lead to an increase in the quantity supplied but a decrease in the quantity demanded. This results in a deadweight loss since the equilibrium quantity and price are not reached.

But in this case, if the higher minimum wage didn't result in a decrease int he quantity demanded of labor, that means that the new minimum wage is still lower or equal to the equilibrium wage.

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.