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255 Chapter 8 a. When firms hire workers, they equate the wage they pay to the .... b. Thus, when workers become more productive, other
255 Chapter 8 a. When firms hire workers, they equate the wage they pay to the .... b. Thus, when workers become more productive, other things equal, the de- mand for their services shifts .... c. As long as the supply of these workers is not infinitely elastic, their wage will be .... d. In football the player with the highest marginal product is almost always the quarterback (QB). Not surprisingly, the QB is almost always the highest paid player on a football team. In front of the QB is the offensive line. On the left side is the left tackle position (LT), and on the right side is the right tackle position (RT). RT and LT are not perfect substitutes. Most QBs are injured when they are hit from their blind side. This means, if a QB is right handed his blind side comes from his left. If a QB is left handed, his blind side is from the right. Now, the question: if a QB is right handed what would you predict is the value of the marginal product of the RT versus the LT? Which one do you think earns more money? in fact, this player is almost always the second highest paid player on the team!] 9. Complete the following table
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