Mike and Alice Work in Different Industries That Have Identical

Mike and Alice work in different industries that have identical demand for workers. Mike receives a wage of $18 per hour, and Alice receives a wage of $12 per hour. Based on this, we can conclude that the industry in which Mike works has a relatively ______ supply of workers and that the compensating wage differential for Mike is:

A) lower; $18.
B) higher; $18.
C) lower: $6.
D) higher; $6.

Correct Answer:

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