Economics: Principles, Problems, and Policies, 19th Edition

Published by McGraw-Hill Education
ISBN 10: 0073511447
ISBN 13: 978-0-07351-144-3

Chapter 20 - Income Inequality, Poverty, and Discrimination - Problems - Page 432: 3b

Answer

Lawyer: ${$4000}$/week Minimum wage worker: ${$290}$/week

Work Step by Step

The amount of money in a week someone earns is equal to the hourly wage times the number of hours workers. For the lawyer, we have ${$100} \times 40$ hours = ${$4000}$/week. For a minimum wage worker, we have ${$7.25} \times 40$ hours = ${$290}$/week.
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