Curly just graduated from State U and has three job offers: teaching at a prestigious private high school nine months a year with summers off,working forty hours a week at a bank in a small city,and working more than sixty hours a week for a high-powered investment firm on Wall Street (in New York City).
Suppose all of the jobs currently offer exactly the same annual salary,and that most people prefer leisure to work,all else equal.In order to attract workers,

Question

Quizplus · Accepted Answer

The Wall Street firm requires more than sixty hours of work per week, which is significantly more demanding than the other options. To attract workers who prefer leisure, the firm would need to offer a higher salary to compensate for the increased workload and reduced leisure time.

Curly Just Graduated from State U and Has Three Job