Suppose a firms marginal cost of an extra unit of job safety is $250,000; the marginal private
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Suppose a firm’s marginal cost of an extra unit of job safety is $250,000; the marginal private benefit, $200,000; and the marginal social benefit, $300,000. Will the firm provide this extra unit of job safety? Should government intervene? If so, what are its policy options?
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Related Book For
Contemporary Labor Economics
ISBN: 9780073375953
9th Edition
Authors: Campbell McConnell, Stanley Brue, David Macpherson
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