Which of the following is not required for the existence of compensating wage +IMF differentials? a) workers make labor market decisions so as to maximize utility. b) workers have sufficient information about the non-wage differences between jobs and about wage differences. c) workers can move between jobs in response to differences in wages and working conditions. d) all workers must consider a working condition a "bad" before it can generate a compensating wage differential. e) all of the above are correct.

Which of the following is not required for the existence of compensating wage +IMF differentials? a) workers make labor market decisions so as to maximize utility. b) workers have sufficient information about the non-wage differences between jobs and about wage differences. c) workers can move between jobs in response to differences in wages and working conditions. d) all workers must consider a working condition a "bad" before it can generate a compensating wage differential. e) all of the above are correct.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...

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