1)Please read the article and give short answers...
Please read the article: http://www.usatoday.com/story/money/2016/03/28/california-raises-minimum-wage-15-hour/82348622/
1) How does the minimum wage increase in California to $15.00 by 2022 affect laborers and businesses?
2) Is there a better way to compromise on a minimum wage? What should the wage be today?
3) What do you consider livable wage?
4) How did you calculate that wage?
2)Please read the article: http://www.bloomberg.com/bw/articles/2017-11-18/us-beef-supply-will-fall-again-in-2017-chicken-demand-will-rise
1) What supply factors are causing the price of beef to continually increase?
2) If we see a continual price increase in beef, it will only lead to a beef surplus thereby creating a market failure. What factors of demand are needed to re-balance the beef market?
3) Think of your own meat consumption. Has the price of beef changed your behavior to consumer more chicken? If so, why? If not, why not?
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