You can rewrite one or more questions at home after the exam is returned to you.

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You can rewrite one or more questions at home after the exam is returned to you. If you rewPlte l question a home, you must rewrite the WHOLE question, even parts that you got a perfect score on in class. Rewrites are graded to a higher standard than answers written in class! The exact same answer may rewrite than on the exam taken in class. score and your rewrite score. earn fewer poi ints on the Your score on a question that you rewrite is the average of your classroom age . Rewrites are due on July 2. You must submit your classroom exam or the front p of your exam together with your rewrite so the scores on the question you rewrite can be averaged. WARNING: You do NOT need to do any fancy algebra to answer the questions on this test. If you find yourself doi ing long-winded algebra, you are wasting your time and probably tying yourself in knots. You DO need to do ome arithmetic and you MUST know economics, what to plug in where, to answer questions on this test. In ddition, you are given lots of room where written explanations are called for. You would do best, however, to keep our answers brief and to the point. uestion I Bargaining Power and Wage Determination Even in the absence of collective bargaining, workers have some bargaining power that allows them to receive wages higher than their reservation wages. Each worker's bargaining power depends both on the nature of the job and on economy- wide labor market conditions. a) Compare the jobs of a front desk receptionist and a plumber at a Las Vegas hotel. which of these jobs does the worker have more bargaining power? Why? (5 point

Explanation / Answer

Answer:

a)

Bargaining power of workers is influenced by his own productivity, the presence or absence of a union, specialized skills that is possessed by the worker (as measured by human capital) etc. Relative to the delivery person, a computer network administer has more bargaining power since the job performed by her demands special skills which means,

there are fewer administrators than delivery persons. Besides, the value of the marginal product of administer is quite larger than that of the delivery person. Labor turnover cost also plays crucial role

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