A Plumber Who Specializes in Cleaning Plugged Sewer Lines Is

question 6

Multiple Choice

A plumber who specializes in cleaning plugged sewer lines is typically paid a higher wage than a plumber who works on installing water systems in new residential housing.This can be partially explained by the fact that

• A) plumbers who work with sewer lines require years of specialized training.
• B) plumbing jobs that involve sewer lines are likely to have an element of personal satisfaction.
• C) plumbers who work with sewer lines are more likely to work a standard shift.
• D) plumbers who work with sewer lines are likely to be perceived as having a "dirty" job.

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Definitions:

Explicit Costs

Direct, out-of-pocket payments for inputs or resources used in the production of goods or services.

Uninsurable Risk

An eventuality for which the frequency or magnitude of potential losses is unpredictable or unknowable. Insurance companies are not willing to sell insurance against such risks.

Consumer Tastes

The preferences and inclinations of consumers regarding different products and services, which can shift over time affecting market demand.

Wages and Salaries

Payments made to employees for their labor or services, typically on an hourly, daily, or yearly basis.