Multiple Choice
Suppose Amy has 100 efficiency units of labor; Bill has 50 efficiency units of labor; and Chris has 20 efficiency units of labor.Which of the following is true?
A) A firm will always hire Amy over Chris, regardless of wages.
B) A firm will hire Amy if her wage is at least twice that of Bill's and at least five times that of Chris's.
C) A firm will hire Amy if her wage is at most double that of Bill's and at most five times that of Chris's.
D) A firm will never hire Bill.
E) A firm will never hire Chris.
Correct Answer:
Verified
Correct Answer:
Verified
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