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 267 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

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Phenotypic ratios in progeny reveal the type of cross Phenotypic ratios in progeny reveal the type of cross
Types of Neurons and Neuron Anatomy Types of Neurons and Neuron Anatomy
In 1979 Islamic militants held American embassy workers hostage in Tehran. In 1979 Islamic militants held American embassy workers hostage in Tehran.
Water pollution types Water pollution types
Types of Movement at Synovial Joints Types of Movement at Synovial Joints
Types of Mutations in the HBB Gene That Cause p-Thalassemia Types of Mutations in the HBB Gene That Cause p-Thalassemia
Video: Natural Selection, Species Isolation and Real World Example

For a complete list of videos, visit our video library