Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Question: Within each of the following pairs of workers, which worker is likely to earn more and why? (It may be obvious which one is paid more. The real issue is to explain why one is paid more than the other is.)

a. a carpenter working at the top of a 600-foot cooling tower of a nuclear power plant or a carpenter who frames 'houses

b. a clerk in a grocery store or a lawyer

c. a lawyer with one year of experience or a lawyer with six years of experience

d. an attractive salesperson or a homely salesperson

e. an autoworker in a factory who works the day shift or an autoworker in a factory who works the night shift

f. an economics professor or a corporate economist

g. a history professor or an economics professor

h. someone trained as a keypunch operator (typist who types input commands on cards to be read by a mainframe computer prior to the existence of computer terminals) or someone trained as a personal computer specialist

i. your favorite local blues band that plays regularly at a nearby campus bar or David Bowie

j. a lazy stupid plumber or a hardworking, bright plumber

k. the best carpenter on the planet or the best writer on the planet

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92409031
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Microeconomics

Question draw two graphs one with the lras curve and the

Question: Draw two graphs, one with the LRAS curve and the other with the SRAS curve. Describe the impact an increase in aggregate demand will have in each situation, and show it graphically. The response must be typed, ...

Question pricing some personal computer software is sold at

Question: Pricing Some personal computer software is sold at special discounts to students. Other software is provided in a less powerful versions for students. Why do publishers offer discounts to students? What is the ...

Question - when the price of a bar of chocolate is 1 demand

Question - When the price of a bar of chocolate is $1, demand is 100,000 bars. When the price rises to $1.50, demand falls to 60,000 bars. Calculate the price elasticity of demand according to the instructions below and ...

Question watch the following video clip cpi a surprise jump

Question: Watch the following video clip, CPI: A surprise jump in inflation to a 2-year-high appears to have reduced the chances of further official interest rate cuts in Australia and answer the following questions. 1. ...

1 intertemporal trade and durable consumption goodssuppose

1. Intertemporal trade and durable consumption goods Suppose that a representative individual in a small open economy lives for infinite periods. The individual enters each period t(t = 0, 1, 2, ...) holding foreign asse ...

Question a explain how an amplification mechanism may have

Question: a) Explain how an amplification mechanism may have been created from mortgage losses to the effect on the economy. What three factors may have contributed? Explain each. b) Explain the process of a financial cr ...

Question compare and contrast two methods for collecting

Question: Compare and contrast two methods for collecting job analysis data, and then outline the pros and cons of each method. Provide specific examples to support your rationale. Evaluate the degree to which the compet ...

Question 1 discuss what is meant by the term risk

Question: 1) Discuss what is meant by the term risk assessment and describe the steps that constitute risk assessment. In your answer, please also discuss human exposure assessment and how it is similar and different fro ...

Question the lei consumer expectations and ism then napm

Question: The LEI, consumer expectations, and ISM (then NAPM) surveys all predicted a much more robust recovery in 1991-2 than actually happened. What factors intervened to keep real growth at an unusually low rate early ...

Question why is or is not addiction or the war on drugs

Question: Why is or is not addiction, or the war on drugs more broadly, an appropriate topic for health economists to study? What insights or perspectives could economists add? The response must be typed, single spaced, ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As