Suppose George is making $18 an hour installing electronic chips in hand held computers. Would your offer to work for $8 an hour get you the job? Why might a profit-maximizing employer turn down your offer?

Answer 1

Whether I offered might depend upon how desperate I am for a job.

The employer might turn me down because she's following the adage, "You pay for what you get." She might fear that she wouldn't get as strong a work ethic and as good a quality for such a low wage.