labour econ

Question 43 10 pts a) Explain why a minimum-wage increase, over a certain range, would lead to a monopsonist actually increasing employment. Given this possibility, could the monopsony argument be relied on to negate the critics of minimum-wage legislation who argue that minimum wages will have an adverse employment effect, and hence, harm some of the very people they were designed to help? Use graph in your analysis. (5 points) b) Are payroll taxes "job killers"? Explain the incidence of a unit payroll tax using graph. (5 points) Upload Choose a File II ProctorionE#89. 27 atv MacBook Pro + & 6 7 8 9