Which of the following is not an example of a compensating differential?
a. Chris is a consultant who is paid more than other workers with similar skills because he is required to travel 80% of the time.
b. Abby is a teacher who is paid less than other workers with similar skills because she does not have to work during the summer months.
c. Ben is a businessman who is paid more than other workers with similar skills because he graduated from a prestigious university with honors.
d. Daphne is a skyscraper window-washer who is paid more than other workers with similar skills because of the risk she faces in her daily job.
c
You might also like to view...
The infant-industry argument is used by those who assert they want to
A) limit imports to protect new industries. B) increase exports to encourage growth of new industries. C) limit exports. D) increase imports to earn money to support new industries. E) encourage foreign firms to dump in the United States.
An increase in the demand for a good will tend to bid up the cost of acquiring the good more
A) if suppliers respond by quickly making larger quantities available. B) if the cost of transferring resources out of other uses into production are low. C) in the short run than in the long run. D) if the supply curve is highly elastic.
The demand curve for Widgets is given by
QD = 5800 - 200p + 30pG where QD is the quantity of widgets demanded, y is the per capita income and pG is the price of Gizmos. The supply of Widgets is given by: QS = 250p - 1250 a. Solve for the equilibrium price and quantity of widgets in terms of the price of Gizmos. b. Compute the comparative static derivatives for the changes in the equilibrium price and quantity of Widgets with respect to a change in the price of Gizmos.
Above the shutdown point, a competitive firm's supply curve coincides with its:
a. marginal revenue curve. b. marginal cost curve. c. average variable cost curve. d. average total cost curve.