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Posted by on Sunday, August 15, 2010 at 4:44pm.

Suppose George is making $18 an hour installing electronic chips in hand held computers. Would your offer to work for $8 an hour get you the job? Why might a profit-maximizing employer turn down your offer?

  • economics - , Sunday, August 15, 2010 at 4:57pm

    Whether I offered might depend upon how desperate I am for a job.

    The employer might turn me down because she's following the adage, "You pay for what you get." She might fear that she wouldn't get as strong a work ethic and as good a quality for such a low wage.

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