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BrendanOO7 BrendanOO7
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6 years ago
In Job X, the employer gets a gross benefit of $600 a week from employing a worker (this is the highest wage the employer will pay). The worker is willing to work for the employer if paid $400 a week or more. Which of the following is Pareto efficient?
A) a law mandating a minimum wage of $650 a week
B) a law mandating a maximum wage of $300 a week
C) a law allowing the employer to pay whatever wage they want
D) a law mandating a chauffeured car, costing $250 a week and valued by the worker at $10, be provided by the employer
Textbook 
Modern Labor Economics: Theory and Public Policy

Modern Labor Economics: Theory and Public Policy


Edition: 12th
Authors:
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