Posted by **anonymous** on Wednesday, April 1, 2009 at 12:54pm.

There are 100 workers in the economy and all must choose to work either a risky or safe job. Worker 1's reservation price for accepting the risky job is $1, worker 2's reservation price is $2, and so on. There are only 10 risky jobs available. What is the equilibrium wage differential between safe and risky jobs.

## Answer this Question

## Related Questions

- Economics - A firm and a worker interact as follows. First, the firm can make 2 ...
- Linear Programming - A Company wishes to assign six of its workers to six ...
- Labor Economics - What is the effect of an increase in the price of market goods...
- statistics - The breakdown of workers in a particular state according to their ...
- Algebra II - I don't exactly understand what needs to be done in this problem. ...
- college physics - Two workers are loading crates onto a pick up truck. Worker 1 ...
- math - 8 workers together at the same rate finished a painting job in 5 hours. ...
- Algebra 1 - Samantha Jones has a job offer in which she will receive #600 per ...
- arithmetic - A job is shared by 4 workers, W, X, Y, and Z. Worker W does 1/4 of ...
- math - at a certain factory each worker either drives to work or take the bus. ...