Which of the following statements is correct?
5 809 6336e8b55c208a6bf71b7807
Q:
Which of the following statements is correct?
- 1Most workers will work for less than their reservation wagefalse
- 2The reservation wage is the maximum amount of any firm will pay for a workerfalse
- 3Economic rent is the difference between the market wage and the reservation wagetrue
- 4Economic rent is the amount one must pay to enter a desirable labour marketfalse
- Show Answer
- Workspace
- Discuss