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A reservation wage is the Question 75 options: minimum wage the worker is willing to accept. maximum wage the firm is willing to pay. tip
A "reservation wage" is the Question 75 options: minimum wage the worker is willing to accept. maximum wage the firm is willing to pay. tip necessary to get a waiter to reserve a table. competitive equilibrium wage
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Economics for Managers
Authors: Paul G. Farnham
3rd edition
132773708, 978-0133561128, 133561127, 978-0132773706
