Suppose That All Workers Value a Safe Job $2,000 Per

question 47

Multiple Choice

Suppose that all workers value a safe job $2,000 per year more than a risky job. The cost to firms of providing a safe job is $700 per year for each worker. Firms currently pay workers $35,000 per year, without any effort to improve safety. If new firms began to offer workers $34,000 per year and safe jobs, the value workers would place on the new firms' offer would be ______ compared to ______ at the existing firms.

• A)$1,000; $0
• B)$1,000; $1,000
• C)$34,000; $33,000
• D)$36,000; $35,000

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Definitions:

Prn Medication

Medication that is taken "pro re nata," or as needed, rather than on a fixed schedule.

Antecubetal Fossa

The anatomical area located on the anterior side of the elbow, where the elbow bends, commonly used for venipuncture or blood pressure measurements.

Intramuscular Injection

A method of delivering medication deep into the muscles, allowing for faster absorption into the bloodstream.

Gastrointestinal Bleeding

Bleeding occurring anywhere along the gastrointestinal tract, from the mouth to the rectum, which can manifest as vomit or stool that is bloody or black.