Question

suppose that a college physics experiment goes horribly wrong and releases an electronic pulse that renders all electronic equipment in the cities of columbus, cleveland and cincinnati, ohio permanently useless. no people are hurt, and no buildings are damaged. after the accident, the wages earned by ohio workers will a. decrease because the marginal productivities of ohio workers will decrease. b. increase because the marginal productivities of ohio workers will increase. c. increase because the marginal productivities of ohio workers will decrease. d. decrease because the marginal productivities of ohio workers will increase.

Answer 1

After the accident, the wages earned by Ohio workers will decrease because the marginal productivity of Ohio workers will decrease. Thus the correct answer is A.

What are wages?

Wages are referred to as payments received by daily workers. This payment is done on an hourly or daily basis to the blue-collar people who worked in factories or in construction sites.

The release of an electronic pulse in the city will decrease the wages earned by Ohio workers as marginal productivity of workers will decrease due to limited demand and negative impact on employees.

Therefore, option A is appropriate.

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