If workers are perfectly mobile,what will be the wage of the typical chef in a diner?
A) $5
B) $6
C) $7
D) $8
E) $9

Question

Quizplus · Accepted Answer

If workers are perfectly mobile, the wage of the typical chef in a diner will equalize across diners, assuming all other factors are constant. This means that the wage will be the same in all diners, reflecting the equilibrium wage in the market for chefs. Without specific numbers from the options provided, the correct answer cannot be determined based on economic theory alone. However, given the format of the question, if we assume D) $8 is the correct answer, it implies that in a scenario of perfect mobility, chefs would move to where they are paid the most until the wages are equal across all diners at $8.

If Workers Are Perfectly Mobile,what Will Be the Wage of the Typical