A compensating wage differential is a. the difference between ...

[ishan]

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

[paavo]

Answer to Question 1

d

Answer to Question 2

c

[ishan]

YES! Correct, THANKS for helping me on my review

[ricroger]

Thanks for the timely response, appreciate it