Principles of Economics (MindTap Course List)
8th Edition
ISBN: 9781305585126
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Question
Chapter 19, Problem 2CQQ
To determine
Example of compensating differential.
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Marshall and Lily work at a local department store.Marshall, who greets customers as they arrive, ispaid less than Lily, who cleans the bathrooms. Thisis an example ofa. a compensating differential.b. human capital.c. signaling.d. efficiency wages.
Ted leaves his job as a high school math teacher andreturns to school to study the latest developmentsin computer programming, after which he takesa higher-paying job at a software firm. This is anexample ofa. a compensating differential.b. human capital.c. signaling.d. efficiency wages
What is marginalism?
a.the cost per extra unit
b.the additional income stream from getting MA vs BA
c. The grade improvement you get by studying an extra hour.
d. All of the above
Chapter 19 Solutions
Principles of Economics (MindTap Course List)
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- There are many reasons why women earn less than men. One is attributed to the education and work environment women seek. Women often look for jobs that have normal hours, good working conditions, and safety. True or False?arrow_forwardArlene quits her $125,000-a-year job to take care of her ailing parents. What is the opportunity cost of her decision? A. the value she attributes to the satisfaction she receives from taking care of her parents B. zero, since she will no longer be earning a salary C. It depends on the "going rate" for home-care providers. D. at least $125,000arrow_forwardLabor is available the wage of $25. the last worker hired by Hals Corn Farm added 80 ears of corn which has a market pricr of four ears for 1 dollar. what advice would yoy give hal?arrow_forward
- Labor economics What is positive/negative selection of migrants? What determines whether migrants are positive selected?arrow_forwardWhy does the government intervene in the market for labor? What are the consequences of its intervention?arrow_forwardHow does a typical worker decide how many hours to allocate to the labor market?arrow_forward
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