The EPA wants to investigate the value workers place on being able to work in "clean"

mines over "dirty" mines.

i.The EPA conducts a study and finds:

a)Average annual wage in clean mines to be $42,250

b)Average annual wage in dirty mines to be $47,250.

i.Suppose the EPA could mandate that all dirty mines become clean mines

and that all workers who were in a dirty mine must therefore accept a $5,000 pay decrease.

ii.What is the hedonic wage function & what does the slope of the hedonic wage function measure?