Suppose That All Workers Value a 1% Reduction in the Workplace

question 66

Multiple Choice

Suppose that all workers value a 1% reduction in the workplace injury rate at $1,000.The cost of reducing the injury rate by 1% is $200 per worker.Firms currently pay $20,000 per year to workers,without any effort to improve safety.
Suppose new firms began to offer workers $19,500 and a 1% reduction in the injury rate.The new firms would find that

• A)no workers are applying for their jobs.
• B)their costs of wages and injury reduction exceed the costs of the existing firms.
• C)workers would be willing to accept their offer.
• D)only injury prone workers would apply.

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Definitions:

Reaction

A process in which chemical substances are transformed into other substances through the breaking and forming of bonds.

Organic Product

A compound or material derived from living organisms or produced by synthesis to mimic a natural process.

Reaction

A process in which chemical substances convert into new substances through the breaking and forming of chemical bonds.

Regio-

Regio- refers to a prefix in chemistry denoting the specific region or position in a molecule where a reaction or change occurs, often used in the context of regioselective reactions.