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In the mid-1980s, a famous supermodel once said that she would not get out of bed for less than $10 000 (presumably per day). a.

In the mid-1980s, a famous supermodel once said that she would not get out of bed for less than $10 000 (presumably per day). a. What is your own reservation wage? b. Did your rst job pay more than your reservation wage at the time? c. Relative to your reservation wage at the time you accept each job, which job pays moreyour rst one or the one you expect to have in 10 years? d. Explain your answers in terms of the efciency wage theory.

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