This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Minimum Wage and Efficiency WagesSuppose there are two types of workers. One type of worker ... (Read 259 times)

hannahmadyronde

  • Full Member
  • ***
  • Posts: 134
on: Nov 23, 2022
Minimum Wage and Efficiency Wages

Suppose there are two types of workers. One type of worker generates a marginal revenue product of $90 an hour and has an opportunity cost of $72 per hour. The other type of worker generates a marginal revenue product of $25 an hour and has an opportunity cost of $20 an hour. What wage will equal the average productivity of the workers? Which workers will choose to work at that wage?
Please round your final answer to two decimal places.
◦ $57.50, both low productivity and high productivity workers
◦ $57.50, low productivity only
◦ $46.00, low productivity only
◦ $46.00, both low productivity and high productivity workers
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by hannahmadyronde on Nov 23, 2022

kyledifference

  • Full Member
  • ***
  • Posts: 177
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly


hannahmadyronde

  • Member
  • Posts: 134
Reply 2 on: Nov 23, 2022
:D TYSM

at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Types of isomers Types of isomers
Major types of plant secondary metabolites Major types of plant secondary metabolites
Plant Cell Types (Part 3) Plant Cell Types (Part 3)
Insulin Types and Duration of Action Insulin Types and Duration of Action
Production efficiency vs. trophic efficiency Production efficiency vs. trophic efficiency
A GWAS study for Type 2 diabetes revealed 386,371 genetic markers, clustered here by chromosome numb A GWAS study for Type 2 diabetes revealed 386,371 genetic markers, clustered here by chromosome numb
Video: Deafness Culture

For a complete list of videos, visit our video library