The following figures show the demand (D) and supply (S) curves of micro and macro economists.Figure 16.6

-A compensating wage differential is a wage difference attributable to the difference in the marginal productivity of workers.

Question

The following figures show the demand (D) and supply (S) curves of micro and macro economists.Figure 16.6
 
-A compensating wage differential is a wage difference attributable to the difference in the marginal productivity of workers.

Quizplus · Accepted Answer

A compensating wage differential is a wage difference attributable to the difference in the non-monetary characteristics of different jobs, such as safety or working conditions, rather than the productivity of workers.

The Following Figures Show the Demand (D) and Supply (S)