Why are firms willing to pay higher wages to highly educated workers? a. Firms are willing to bear the cost of education. b. Highly educated workers prefer to accept jobs with higher wages. c. Highly educated workers are equipped with more physical capital. d. Highly educated workers have higher marginal products.

Why are firms willing to pay higher wages to highly educated workers? a. Firms are willing to bear the cost of education. b. Highly educated workers prefer to accept jobs with higher wages. c. Highly educated workers are equipped with more physical capital. d. Highly educated workers have higher marginal products.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter16: Labor Markets

Section: Chapter Questions

Problem 16.3P

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