Homework This homework is on Efficiency Government in the marketplace and Global Market in Action I will need this done within a one hour time f

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This homework is on Efficiency   

 Government in the marketplace  and  Global Market in Action

I will need this done within  a  one hour time frame on 3-3-22. The timeframe is 1:40-2:30

1.What is the equilibrium wage rate and how many Starbucks workers are employed?

if California introduces a minimum wage of $14 an hour, how many Starbucks are
employed and how many are unemployed?

2. Using the diagram below.

If California introduces a minimum wage of $18 an hour, how many Starbucks employee
are employed and how many are unemployed?

what is the lowest wage that some employee might be able to earn if a black market
develops?

3.Is the minimum wage of $18 an hour efficient? who gains and who losses from the
minimum wage of $18 an hour? is it fair?

4.Calculate the Consumer Surplus using the diagram below

5.Calculate the Producer Surplus

6.Given a price ceiling of $400. Calculate the new consumer surplus

7.Given a Price ceiling of $400. what is the new producer surplus

8.Given a price ceiling of $400. what is the deadweight loss

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