View the step-by-step solution to:


I need help answering these two questions:

  1. Why do orthodox economists expect higher

minimum wages to lead to a decline in employment? Use supply and demand to show the effect of a minimum wage set above the equilibrium under standard assumptions of fixed productivity. What happens to employment? What happens to total wages? Is the higher minimum wage a good thing or bad for workers? 

Recently Asked Questions

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.


Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes