Which of the following is an example of a compensating wage differential? O Popular movie stars like George Clooney command much higher salaries than other talented but lesser- known actors. ONurse anesthetists are paid less than anesthesiologists (who have medical degrees). In the market for lawyers, top graduates from the top programs earn starting salaries that are significantly higher than the starting salaries earned by lower-ranked graduates from the lower-ranked programs. Workers in a dynamite mine receive higher wages than if they worked in other jobs that require the same level of skills.

Determine which of the three principle sources of wage differentials is most likely to account for each scenario. * A licensed physician earns more than a nurse: differences in total human capital compensating differentials differences in talent or ability * City sanitation workers earn more than park maintenance workers: compensating differentials differences in talent or ability differences in total human capital * Physical therapists earn more than massage therapists.  differences in talent or ability compensating differentials differences in total human capital * Jack, a 22-year-old soccer player, earns more than Jim, who is the same age and has the same level of experience. compensating differentials differences in total human capital differences in talent or ability

The Zippy Paper Company has no control over either the price of paper or the wage it pays its workers. The following table shows the relationship between the number of workers Zippy hires and total output: Labor Input (workers per day) Total Output (boxes of paper per day) 0 0 1 15 2 27 3 36 4 43 5 48 6 51             Assuming the selling price is $10 per box, answer the following questions: What is the marginal revenue product (MRP) of each worker?     How many workers will Zippy hire if the wage rate is $100 per day?     How many workers will Zippy hire if the wage rate is $75 per day?     Assume the wage rate is $75 per day and the price of a box of paper is $20. How many workers will Zippy hire?

Consider an individual who must drive to his place of work. Assume that there are 16 available hours in the day, that his wage rate is $20 per hour, and that he has nonlabour income of $100 per day. The commute takes one hour each day and it costs $40 in expenses for the round trip. Using a work-eisure diagram, depict his labour supply choice, including his reservation wage. Analyze the impact of an increase in commuting costs on his participation and hours decision. Analyze the impact, first of an increase in commuting time from two to four hours per day, and, second, of an increase in driving expenses from $40 to $60 per round trip, keeing commuting time at two hours. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.