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Consider similar workers with equal wages in jobsAandB. When the wage paid to workers in ...

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Consider similar workers with equal wages in jobs A and B. When the wage paid to workers in job A increases relative to the wage in job B, then, ceteris paribus, the

▸ non-monetary advantages of job A will increase.

▸ monetary advantage of job A will increase, but not its net advantage.

▸ non-monetary advantages of job B will decrease.

▸ net advantage of job B will increase relative to job A.

▸ net advantage of job A will increase relative to job B.

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Microeconomics

Edition: 17^th

Author: Ragan

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