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If employers were required by law to increase the wages paid to secretaries by 40 percent, which con

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If employers were required by law to increase the wages paid to secretaries by 40 percent, which con

If employers were required by law to increase the wages paid to secretaries by 40 percent, which consequence could we most confidently predict?
A) More secretaries would be employed.
B) Secretaries would begin to earn more than they are worth to their employers.
C) The marginal value of secretaries would increase by about 40 percent.
D) The total amount of wages paid to secretaries would decrease.
E) The total amount of wages paid to secretaries would increase.

Textbook

The Economic Way of Thinking

Edition: 13^th

Authors: Heyne, Boettke, Prychitko

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Sublight2097 Author

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8 years ago

Another one in the books, marking it solved.

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Silas A.

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3 years ago

wow

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