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3. (15 points) Suppose that all the students in our Eco207 class represent the workers of an economy. This particular set of workers are very

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3. (15 points) Suppose that all the students in our Eco207 class represent the workers of an economy. This particular set of workers are very homogeneous with regard to some characteristics such as college education, productivity, and sense of responsibility. However, there are some jobs in this hypothetical economy that do not require a college degree-for example, jobs such as security guards, thereby making those jobs less desirable. Suppose that, everyone would prefer to avoid those undesirable jobs, even though they are necessary for the well-functioning of the economy. Insuch a scenario, what types of students would be willing to take up those jobs like security guards, and how will they be the paid for such jobs relative to other people who take up jobs that are more acceptable

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