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stars_and_moon stars_and_moon
wrote...
Posts: 3218
8 years ago
The minimum wage set by the government is $5.30.  Karen could have a job paying $7 an hour at the local library, but she doesn't accept it.  She tried to negotiate with the library and told them that if they would pay her $9 an hour she would take the job but not for a penny less.  Ideally, she would love to have a job that pays $15 an hour but she is willing to work for less.  Karen's reservation wage is
A) $7.
B) $15.
C) $5.30.
D) $9.
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kingbykingby
wrote...
Top Poster
Posts: 3218
8 years ago
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wrote...
7 years ago
I compared your answer with a buddy, and it matches

Thanks
wrote...
7 years ago
I was slightly debating this one, thanks for the feedback
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