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Author Question: Minimum Wage and Efficiency WagesSuppose there are two types of workers. One type of worker ... (Read 6 times)

hannahmadyronde

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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


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Marked as best answer by hannahmadyronde on Nov 23, 2022

kyledifference

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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.
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hannahmadyronde

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Reply 2 on: Nov 23, 2022
Wow, this really help


elyse44

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Reply 3 on: Yesterday
Excellent

 

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