ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
4th Edition
ISBN: 9781285423548
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 12, Problem 1.3PA
To determine
Ways to measure the value the workers attach to a job amenity.
Concept Introduction:
Job amenity: additional features or benefits that enhances the desirability of a job
Non-wage determinants of labor supply: this is a concept that defines the number of workers that are able to work in a particular job or industry at a given wage rate.
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Chapter 12 Solutions
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
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- 6. Average nominal wages are higher in large cities than small cities. This is consistent withA. Large cities are more productive.B. Large cities are more skilled.C. Wages aside, large cities are less attractive places to live.D. All of the above.arrow_forward5. Using carefully labelled diagrams, indicate the expected impact on the labour force participation of married women by changes in each of the following factors, other things held constant: a. An increase in the education of women b. A more equal sharing of household responsibili- ties between husband and wife c. A reduction in the average number of children d. An increased tendency to have children spaced more closely together e. An increase in the earnings of husbands f. Daycare paid out of general tax revenues g. Allowing daycare expenses to be tax deductible h. Paying homemakers a fixed sum out of general tax revenues for household workarrow_forward1. The next two questions are about the labor market for upholsterers, who are people who do custom upholstery (the fabric on furniture). A new type of pre-sewn fabric piece reduces the amount of work that an upholsterer needs to do on each piece of furniture, increasing how much work each individual upholsterer can do for the same amount of effort. This is describing a change in some part of the labor demand or labor supply curves. Which part? a. Group of answer choices b. Price of the good (P) c. Marginal productivity of labor (MPL) d. The labor/leisure tradeoff in the supply curve e. The minimum wage 2. Assume that the new pre-sewn fabric ends up making the wage of upholsterers go up. You also observe that very few tailors, which is a similarly difficult job, decide to switch from being tailors to being upholsterers in response to the wage increase. What is this most likely an example of? a. Group of answer choices b. Taste-based discrimination c. Compensating…arrow_forward
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