On Average, Electricians Who Work on Dangerous High-Voltage Power Lines

question 330

Multiple Choice

On average, electricians who work on dangerous high-voltage power lines earn more per hour than similarly skilled electricians who don't work on dangerous high-voltage power lines. The difference in pay is attributed to

• A)the marginal product of labor.
• B)the marginal product of capital.
• C)diminishing marginal returns.
• D)a compensating differential.

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Definitions:

Business Organizations

Various forms of entities set up to conduct commercial enterprise, including corporations, partnerships, and sole proprietorships.

Public Corporation

A company whose shares are traded freely on a stock exchange, with many shareholders and subject to public reporting regulations.

Ethics

The branch of philosophy that deals with moral principles, governing a person's behavior or conducting an activity.

Common Stock

Equity ownership in a corporation, with voting rights and potential dividends.