The wage below which a worker will not work is

a. the equilibrium wage.
b. the union wage.
c. the efficiency wage.
d. the reservation wage.

d. the reservation wage.

Economics

You might also like to view...

For a fixed proportion production function, at the vertex of any of the (L-shaped) isoquants the marginal productivity of either input is:

a. constant. b. zero. c. negative. d. a value that cannot be determined.

Economics

The optimal degree of abstraction depends on the objective of the analysis

a. True b. False Indicate whether the statement is true or false

Economics