Distinguish Between the Market Wage and the Marginal Wage

question 143

Essay

Distinguish between the market wage and the marginal wage.Why is the marginal wage significant to an employer and to a labor union?

---

Definitions:

Network

A group of interconnected computers, servers, and devices that can share data and resources with each other, often categorized by the scope such as LAN, WAN, or MAN.

Radio Wave Frequencies

The bands of the electromagnetic spectrum that are used for telecommunications, including radio and television broadcasting, mobile phones, and satellite communications.

Transmitters

Devices that generate and emit radio waves or signals to be received by a receiver at a different location.

Receivers

Devices or individuals that receive and interpret signals or information transmitted from a source.