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

This is a bit of an open ended question. My offer to undercut george by working for $8 per hour would not likely get me the job as I know nothing about installing electronic chips. And even if I did, I would not stay at the job at that rate for very long (if I was honest to myself and the employer).

No, no because it will cut his money almost into half

To determine if your offer to work for $8 an hour would get you the job, we need to consider a few factors. Generally, employers seek workers who possess the necessary skills and qualifications for the job. If you lack experience or knowledge in installing electronic chips, the employer may be hesitant to hire you, regardless of the wage you offer.

However, assuming you do have the required skills, let's explore why a profit-maximizing employer might turn down your offer. Profit-maximizing employers aim to maximize their earnings by minimizing costs and increasing revenue. While your offer of $8 an hour is lower than George's wage of $18 an hour, an employer might consider the following factors:

1. Quality of work: Are you capable of producing the same quality of work as George? If not, the employer might prefer to pay a higher wage for better quality output.

2. Training costs: If you lack experience in installing electronic chips, the employer may need to invest time and resources in training you. This can be expensive, and the employer may prefer to hire someone with existing expertise who can start contributing immediately.

3. Employee retention: Even if you were to accept $8 an hour initially, if you are aware that the market rate for this job is higher, you might leave for a higher-paying job at the first opportunity. This could lead to higher employee turnover, which can be costly for the employer in terms of recruitment and training.

Considering these factors, the profit-maximizing employer might choose to hire someone with the necessary skills and experience at a higher wage to ensure productivity, minimize training costs, and reduce turnover in the long run.