Earnings, Productivity, and the Job Market (Mobile-Enabled) Graded Assignment |

Question

Earnings, Productivity, and the Job Market (Mobile-Enabled) Graded Assignment | Due Sunday 11 26.17 at 11.00 P Attempts: I Do No Harm: /1 2. Why wages differ Dr. Barrett is a professor of economics in Montana. Her real earnings would be higher in a number of alternative positions for which she qualifies, but instead, she stays at her professorship in Montana and accepts the lower real wage. Why might she accept a lower wage as a professor? She is unqualified for other professions. e She doesn't like earning a high salary She is economically irrational. She prefers working in an academic setting to the monetary benefits of other professions.

Explanation / Answer

Option D

She prefers working in an academic setting to the monetary benefits of other professions because she is content and satisfied with the work she does. She is not easily dazzled by money even though she is qualified enough to work for those positions.

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