describeing the improvement in the welfare of the low skilled workers.
Suppose the government is concerned which the going wage rate of $6 per hour for low-skilled workers is too low in an effort to improve the "welfare" of such workers the government offers to pay each low-skilled worker $100 with the condition which they do not work any hours
a) Can this plan succeed in increasing a worker's welfare Demonstrate?
b) Must the plan be successful Demonstrate?
c) From the worker's prospective, on illustrate what does the success of the plan depend? describe.