Multiple Choice
Suppose that all workers value a safe job $2,000/year more than a risky job.The cost of safety is $700 per worker.Firms currently pay $35,000 per year to workers,without any effort to improve safety.
Suppose new firms began to offer workers $34,000 per year and safer jobs.The total benefit to workers of the existing firms' offer is __________ and the benefit of the new firms' offer is __________.
A) $0;$1,000
B) $1,000;$1,000 00
C) $33,000;$34,000
D) $35,000;$36,000
Correct Answer:

Verified
Correct Answer:
Verified
Q116: If the marginal costs of pollution abatement
Q117: Two firms can choose from five
Q118: Under a first-dollar medical insurance plan,the marginal
Q119: According to the textbook,as currently administered,the workers'
Q120: Suppose that there are three power-generating
Q122: This graph illustrates the marginal cost,marginal private
Q123: Suppose that the marginal benefit of having
Q124: Suppose that there are three power-generating
Q125: Pat has just graduated from college and
Q126: As fewer families choose to purchase insurance,the