Suppose That All Workers Value a Safe Job $2,000/year More

question 51

Multiple Choice

Suppose that all workers value a safe job $2,000/year more than a risky job.The cost of safety is $700 per worker.Firms currently pay $35,000 per year to workers,without any effort to improve safety.
Suppose new firms began to offer workers $34,000 per year and safe jobs.The total cost of hiring a worker to the existing firms is __________ and to the new firms it is __________.

• A)$35,700;$33,700
• B)$35,000;$34,700
• C)$34,700;$35,000
• D)$33,700;$35,700

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Definitions:

Olfactory Receptor

A type of receptor found in the olfactory epithelium, responsible for the detection of odor molecules.

Throat

The front part of the neck, anatomically known as the pharynx, which houses the esophagus, trachea, and vocal cords.

Motion Parallax

A depth cue in visual perception where objects closer to the observer move faster across the visual field than objects further away, aiding in depth perception.

Neural Response

The activity and reactions of neurons in the brain in response to stimuli.