As the number is drawn from the [00, 99] interval, this selection produces a sample that is approximately 1% of the total population of wage and salaried employees in EFKA. The two-digit number selected is unknown to us. 2 This follows from the third Hicks–Marshall law of derived demand...
Minimum wage laws set an hourly wage that employers must pay to most employees. The U.S. Congress sets a minimum wage in the Fair Labor Standards Act (FLSA) that applies to employees across the nation. It is currently $7.25 an hour and has been in effect since July 24, 2009. Under t...