In the above figure, which wage rate will yield the highest wage rates for particular workers?
A) W1
B) W2
C) W3
D) W3 - W2
C
Economics
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First-mover advantage is a characteristic of
a. A simultaneous-move game b. A dominant strategy c. A sequential-move game d. A Nash equilibrium
Economics
An employer whose discrimination coefficient is $4 will:
A. refuse to hire nonpreferred-race workers at any wage rate. B. hire only nonpreferred-race workers if the actual nonpreferred-preferred wage differential is $3 an hour. C. hire only preferred-race workers if the actual nonpreferred-preferred wage differential is $3 an hour. D. hire only preferred-race workers if the nonpreferred-preferred wage differential is $4.
Economics