Suppose a law firm negotiates a very low price for each of its 1000 employees to be members at the athletic club that is located next to the law firm. Which of the following is not likely to be true?
A) The law firm can pay its workers less than a comparable law firm that does not offer the gym benefit.
B) The firm can likely negotiate a lower per person price at the gym than each employee could negotiate alone.
C) Some employees will take advantage of the gym benefit, while others will not.
D) In the long run, the law firm will probably attract workers who value the gym benefit the most.
E) If the typical individual gym membership costs $50 per month, the law firm should expect to save $50,000 per month in wages.
Correct Answer:
Verified
Q8: The equilibrium of a competitive labor market
Q9: Standard economic theory suggests which of the
Q10: When the government imposes a payroll tax
Q11: Many immigrants and many American high school
Q12: If immigrant workers are complementary to native
Q14: Which of the following is not an
Q15: Compared to the labor market outcome when
Q16: Which of the following would result in
Q17: If unskilled domestic labor and unskilled immigrant
Q18: By all accounts, the annual economic gains
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents