Author Question: A compensating wage differential is a. the difference between the wage of an individual working in ... (Read 70 times)

ishan · **on:** Jul 1, 2018

A compensating wage differential is
a. the difference between the wage of an individual working in favorable conditions and the wage of an individual working in unfavorable conditions
b. compensation paid to an individual for working in a less desirable environment
c. premium paid to a security holder to compensate him for bearing a higher risk
d. Only A&B

Question 2

If the bidders at a first-price auction have true values of 78, 72, 66, and 65, the item will sell for
a. Just above 78
b. just over 72
c. 78
d. 72