Someone says, "Even though the equilibrium wage rate is $8 an hour in the unskilled labor market, if we impose a minimum wage of $10 an hour, no one currently working will lose his or her job." This person must believe that the Group of answer choices demand curve for unskilled labor is vertical.

demand curve for unskilled labor is vertical.

Explanation:

A vertical demand curve represents a perfectly inelastic demand, which means that no matter what the price of a product or service is, the quantity demanded will always be the same. Theoretically, if this economist as correct, you could a set a minimum hourly wage at $5,000, $50,000 or whatever ridiculous number you might, and the quantity demanded wouldn't change.

You have to remember that this is basically theoretical, in real life no product has a perfectly inelastic demand. In real life, a raise in the minimum wage will always increase unemployment.

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$527.7.if the following was the question  $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?