Reservation utility or reservation wage

Assignment Help Business Economics

Reference no: EM131385800

If a prospective employee is not offered his/her reservation utility or reservation wage, then he/she will

A. tend to look for another job or withdraw from the labor market.

B. seek a larger fringe benefit package.

C. use the job as the basis for a career, assuming that wages will increase beyond the marginal revenue product over time.

D. accept the job because a wage below the reservation utility is very attractive.

Reference no: EM131385800

Questions Cloud

Break-even analysis is of limited : Break-even analysis is of limited use to management because a company cannot survive by just breaking even." Do you agree with this statement? Explain your answer.

Draw a complete state diagram : This machine can be implemented in exactly six states. Draw a complete state diagram. Indicate what each state is meant to represent.

Axiom of the independence of irrelevant alternatives : The behavioral economist Robert Frank speaks of the bounded nature of rationality in his 2008 interview (Challenge 2008) and discusses the axiom of the independence of irrelevant alternatives in rational choice theory.

Identify at least five teratogens and describe their effect : Using the textbook for guidance, but in your own words, what are teratogens? Identify at least five teratogens and describe their effects on the developing embryo. Finally, what advice would you give to expectant mothers about their behaviors wh..

Reservation utility or reservation wage : If a prospective employee is not offered his/her reservation utility or reservation wage, then he/she will

What is predation-does predation reduce social welfare : What is predation? What is the Chicago school criticism of predation and what is the counterargument to this criticism? Give four non-predatory reasons as to why firms respond aggressively to entry. Is there any evidence that can allow one to disting..

Draw a state diagram for the machine : Assuming this is to be implemented as a Moore machine, draw a state diagram for the machine. (Hint: You can do this in nine states.)

Draw up the plant disposal account : Draw up the plant disposal account and the extracts from the statement of financial position as at the end of each year.

Implementation of the vending machine in several styles : Draw a timing diagram that shows a difference in the detailed timing behavior of the original (unretimed) Moore, asynchronous Mealy, and synchronous Mealy implementations.

User Account

All Pages