Question: Throughout this problem assume that for an industry aggregate demand is given by: Q(p) = 3375 125p Also, each firm in the industry has a

Throughout this problem assume that for an industry aggregate demand is given by: Q\"(p) = 3375 125p Also, each firm in the industry has a production function off(|_j K) = . Each firm has a short run capital stock of 100 units and r = 9. Initially, w : 2. Suppose that a minimum wage law goes into effect and the wage rate changes to w = 4. {j.} What is the new consumer surplus? Select an answer and submit. For keyboard navigation, use the upfdown arrow keys to select an answer. X Your answer CS 2 22953.320 '3 CS 2 11390.625 C CS : 10925.03? d CS 2 16319.270

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