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Business, 14.07.2020 20:01 igtguith

In Job X, the employer gets a gross benefit of $600 a week from employing a worker (this is the highest wage the employer will pay). The worker is willing to work for the employer if paid $400 a week or more. Which of the following is Pareto efficient? a. a law mandating a minimum wage of $650 a week.
b. a law mandating a maximum wage of $300 a week.
c. a law allowing the employer to pay whatever wage they want
d. a law mandating a chauffeured car, costing $250 a week and valued by the worker at $10, be provided by the employer

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