Ask a New Question

Asked by anonymous

There are 100 workers in the economy and all must choose to work either a risky or safe job. Worker 1's reservation price for accepting the risky job is $1, worker 2's reservation price is $2, and so on. There are only 10 risky jobs available. What is the equilibrium wage differential between safe and risky jobs.
16 years ago

Answers

Answered by economyst
If the wage rate for non-risky is w, the wage rate for risky should be w+10.
16 years ago

Related Questions

What do workers in the law, public safety, corrections, and security field do? (1 point) Responses... Which of the following workers at a store must recieve pay at one and a half times the base rate for... Which of these might workers' compensation provide in at least some circumstances? Payments to th... 640 workers if 4 out of every 5 workers are married how many non married workers 640 workers if 4 out every 5 workers are married how many non married workers are employed by desmar... According to "The Workers of Ellis Island" the workforce was small. exhausted. easy going. wel... Which of the following workers would be covered by a trade union an electrician a sales associate... if 15 workers did a job in 8 hours how long would it take 5 workers to do half this job? Workers came from ___ during the goldrush and worked on the railroads. Mexico The East Canada... Which of these might workers' compensation provide in at least some circumstances
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use