The equilibrium hedonic wage function is most likely A. horizontal as firms will choose their optimal...

The equilibrium hedonic wage function is most likely

	A.	horizontal as firms will choose their optimal level of safety.
	B.	downward sloping as firms that offer riskier jobs are usually able to pay lower wages.
	C.	a single point, as all firms will choose the same level of risk, and consequently all workers will be paid the same wage.
	D.	horizontal as no firm will over-pay for workers.
	E.	upward sloping as firms that offer riskier jobs usually pay higher wages.

Expert Solution

E .upward sloping as firms that offer riskier jobs usually pay higher wages.

The high risk jobs pay higher wages to compensate the workers for the risk they are taking. This high wage attracts the workers from low risk jobs to work in high risk environment.

Rahul Sunny answered 2 years ago

Which of the following is the most likely outcome of a decrease in the minimum wage?...

Which of the following is the most likely outcome of a decrease in the minimum wage? Please also provide an explanation. a) an increase in the number of unskilled workers who are involuntarily unemployed b) an increase in the number of people who are voluntarily unemployed c) a shift to the right of the demand for unskilled workers d) a shift to the left of the supply of skilled workers e) a shift to the left of the supply of...

a) Show the impact of this shock (DEREGULATION) on the production function, equilibrium labor and wage,...

a) Show the impact of this shock (DEREGULATION) on the production function, equilibrium labor and wage, and full-employment level of output (i.e. Y ). Draw diagrams, label the figures, and clearly illustrate the impact on each variable. LABEL THE AXES & the CURVES! b) NOW DISCUSS how the shock effected the economy, including the wages and employment, as well as full-potential. You should discuss the impact on the production function (if any), the labor market ( N and w) and...

According to the efficiency wage theory, firms operate more efficiently if wages are above the equilibrium...

According to the efficiency wage theory, firms operate more efficiently if wages are above the equilibrium level. Why would firms want to keep wages high? Explain by referring to the four variants of this theory.

Which of the items below would likely cause wage levels to be above labor market equilibrium...

Which of the items below would likely cause wage levels to be above labor market equilibrium levels? Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. An increased demand for agricultural exports causes GDP to increase. unanswered Workers for a large national retailer become unionized. unanswered A large employer in the region significantly increases its wage rates to reduce the turnover...

1.In the long run, firms in a perfectly competitive industry are most likely to: A)suppress innovative...

1.In the long run, firms in a perfectly competitive industry are most likely to: A)suppress innovative products to earn a positive economic profit. B)continue to earn positive economic profit because of barriers to entry. C)have a positively sloped average revenue curve. D)earn zero economic profits and produce at minimum cost. E)earn negative economic profits and exit the market. 2.Generally, ______ motivate firms to enter an industry while ______ motivate firms to exit an industry. A)accounting profits; economic losses B)economic profits;...

Which of the firms below is likely to receive the most favorable terms when borrowing money...

Which of the firms below is likely to receive the most favorable terms when borrowing money from the bond market? Firm A: cash coverage ratio = 0.6 and debt-to-equity ratio = 1.2 Firm B: cash coverage ratio = 0.8 and debt-to-equity ratio = 1.5 Firm C: cash coverage ratio = 1.5 and debt-to-equity ratio = 0.6 Firm D: cash coverage ratio = 1.2 and debt-to-equity ratio = 0.8

Name _____________________________________________________ Part 1: Practice- Choose the most likely category for each of the following situations....

Name _____________________________________________________ Part 1: Practice- Choose the most likely category for each of the following situations. H = harmed by unanticipated inflation, B = benefits from unanticipated inflation, U = uncertain _____ Hurley, a farmer, buys machinery with a fixed-rate loan to be repaid over seven years _____ A bank lends money at a fixed interest rate _____ Jacob buys a new home with an adjustable-rate mortgage _____ Ben’s savings from his part-time job are in a savings account paying...

choose the right answer 1) What would researchers most likely be interested in if they asked...

choose the right answer 1) What would researchers most likely be interested in if they asked consumers, Do you see this product solving a problem or filling a need for you Communicable and believability Need level Gap level Perceived value All of the above 2) What is a way to generate ideas? Interacting with employees Interacting with outsiders Studying competitors Adopting creativity techniques All of the above

With alternative choice decisions, managers seek to choose the alternative most likely to accomplish the objectives...

With alternative choice decisions, managers seek to choose the alternative most likely to accomplish the objectives of the organization. In addition to ROI, discuss other business objectives that may be important in the choice of the best alternative. should be at 200-300 words, formatted and cited in current APA style with support from at least 2 academic sources.

With alternative choice decisions, managers seek to choose the alternative most likely to accomplish the objectives...

With alternative choice decisions, managers seek to choose the alternative most likely to accomplish the objectives of the organization. In addition to ROI, discuss other business objectives that may be important in the choice of the best alternative.

Question

The equilibrium hedonic wage function is most likely A. horizontal as firms will choose their optimal...

Solutions

Expert Solution

Related Solutions

Which of the following is the most likely outcome of a decrease in the minimum wage?...

a) Show the impact of this shock (DEREGULATION) on the production function, equilibrium labor and wage,...

According to the efficiency wage theory, firms operate more efficiently if wages are above the equilibrium...

Which of the items below would likely cause wage levels to be above labor market equilibrium...

1.In the long run, firms in a perfectly competitive industry are most likely to: A)suppress innovative...

Which of the firms below is likely to receive the most favorable terms when borrowing money...

Name _____________________________________________________ Part 1: Practice- Choose the most likely category for each of the following situations....

choose the right answer 1) What would researchers most likely be interested in if they asked...

With alternative choice decisions, managers seek to choose the alternative most likely to accomplish the objectives...

With alternative choice decisions, managers seek to choose the alternative most likely to accomplish the objectives...