Business, 06.11.2019 22:31 holaadios222lol
Suppose all workers in an economy have the same preferences represented by u = w √ n where w is the wage and n is the degree of noise that is associated with the job they do. there are only three types of jobs in the economy, a job with little noise (n = 1/9), some noise (n = 1/4), and lots of noise (n = 1). if the job with little noise offers a daily wage of $100 and the economy is in the equilibrium (thus, no one has an incentive to change jobs), what would the wage be for jobs with some noise and jobs with lots of noise? what is the compensating wage differential between the job with little noise and the job with lots of noise?
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Suppose all workers in an economy have the same preferences represented by u = w √ n where w is the...
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