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Economics

The following table lists the name, gender, height and reservation wage of 10 persons willing to work as firefighters in Timber Creek. What is the lowest wage that Timber Creek must pay to hire five firefighters? You answered the question $380/week (2m,3f), but how did you come up with the answer? Please explain. I have a similar problem to solve with different reservation wage amounts.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91299504

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