Assuming that employers are required to pay a 20 percent overtime pay premium for all work beyond 8 hours per day. Suppose that an employer initially paid $25.6 per hour and had a 14-hour workday. What hourly base wage will the employer offer so that the total pay for a 14-hour workday will stay the same? Answer: $ per hour.

Assuming that employers are required to pay a 20 percent overtime pay premium for all work beyond 8 hours per day. Suppose that an employer initially paid $25.6 per hour and had a 14-hour workday. What hourly base wage will the employer offer so that the total pay for a 14-hour workday will stay the same? Answer: $ per hour.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter16: Labor Markets

Section: Chapter Questions

Problem 16.1P

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