# 1.What will be the equilibrium wage in this market after the mandated benefit is in place...

###### Question:

1.What will be the equilibrium wage in this market after the mandated benefit is in place ?

2. What will be the equilibrium employment level in this market after the mandated benefit is in place?

3. Taking into account BOTH the change in the market wage and value of the paternity leave benefit , how much worse off or better off are workers as a result of the mandate?

4. Taking into account BOTH the change in the market wage and cost of providing the maternity leave benefit , how much worse off or better off are the firms as a result of the mandate?

$1,800 Wages Supply$1,600 $1,400$1,200 Wager $1,000$800 $600 Demand$400 $200 0 250 500 750 1000 1250 1500 1750 2000 2250 Number of Workers The market below shows the market for full-time retail workers, who are earning an equilibrium wage of$1,000 per month without any benefits. Suppose the State of Kansas passes a law that requires employers to provide a specific package of benefits to their workers. Suppose providing the package of benefits will cost firms $200 per month. Further assume that workers value the package of benefits at$400 per month

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