Multiple Choice
Suppose a competitive labor market is populated by equal numbers of high-ability (H) and low-ability (L) workers.Each high-ability worker produces output valued at $100 and each low-ability worker produces output valued at $20.Without job market signaling,the equilibrium wage will be:
A) $20.
B) $40.
C) $50.
D) $60.
E) $100.
Correct Answer:
Verified
Correct Answer:
Verified
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