LABOR ECONOMICS (LL+ACCESS)
LABOR ECONOMICS (LL+ACCESS)
8th Edition
ISBN: 9781264909339
Author: BORJAS
Publisher: MCG
Question
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Chapter 11, Problem 3P

(a)

To determine

Determine the hourly wages of workers when the firm pays piece rates.

(b)

To determine

Determine the number of bicycles that each worker assembles in an 8-hour day. 

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