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Other Fields Homework Help Economics Topic started by: SebKom on Nov 14, 2017



Title: Worker X is paid $20,000 more in a dangerous job than what Worker X could make in safe jobs. Worker ...
Post by: SebKom on Nov 14, 2017
Worker X is paid $20,000 more in a dangerous job than what Worker X could make in safe jobs. Worker X values the job characteristic of safety at $15,000. If the government makes Worker X's job safe and if safe jobs continue to pay their current wage, then, assuming markets are competitive and wages can easily adjust
A) Worker X will be $20,000 worse off.
B) Worker X will be $15,000 better off.
C) Worker X will be $5000 worse off.
D) Worker X will be $20,000 better off.


Title: Re: Worker X is paid $20,000 more in a dangerous job than what Worker X could make in safe jobs. ...
Post by: Shadias on Nov 14, 2017
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