Use marginal productivity theory to explain what people earn in the labor market.
-Using diagrams, illustrate
a. why offshore oil workers have higher wages than on-shore oil workers.
b. how human capital raises a worker's wage.
c. why Alaskan workers have higher wages than workers in the lower 48 states.
d. why discrimination raises the wage rate for nondiscriminated workers.
Correct Answer:
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Q14: Whats defention of terms:
-time preference
Q15: Discuss the determinants of the labor demand
Q16: Discuss the determinants of the labor demand
Q17: Discuss the determinants of the labor demand
Q18: Explain the relationship between factor prices and
Q20: Use marginal productivity theory to explain what
Q21: Explain the criticisms of the marginal productivity
Q22: Explain the criticisms of the marginal productivity
Q23: Explain the criticisms of the marginal productivity
Q24: Use marginal productivity theory to explain prices
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