Contemporary Labor Economics
11th Edition
ISBN: 9781259290602
Author: Campbell R. McConnell, Stanley L. Brue, David Macpherson
Publisher: McGraw-Hill Education
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Question
Chapter 2, Problem 16QS
(a)
To determine
Reducing the absenteeism by changing the standard wage rate to premium wage rate.
(b)
To determine
Underemployed worker and the wage rate.
(c)
To determine
Selection of the number of hours worked.
(d)
To determine
Indifference curve and the budget constraint.
(e)
To determine
Income effect of the workers.
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Suppose there are two types of jobs in the labor market: “safe” jobs and “risky” jobs. Describe how the worker decides whether to accept a safe job (where she cannot be injured) or a risky job (where she will certainly be injured).
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Chapter 2 Solutions
Contemporary Labor Economics
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