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In principle, the government could impose separate minimum wages on distinct occupations. Suppose the government imposed...

In principle, the government could impose separate minimum wages on distinct occupations. Suppose the government imposed a minimum wage of 20 percent over their respective market wages for ditch-diggers and university professors. Would this create greater (proportional) job losses among ditch-diggers or university professors? Explain. (In formulating your answer, consider the four Hicks-Marshall laws of derived demand.) ... Please make sure to help with ditch-digger vs university professor part

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