A consultant report stated that employees in the retail sector were paid well below the market rate and employers should take immediate steps to correct this discrepancy. From the employer’s perspective, briefly explain why employees should be paid above the market rate and discuss the consequences of adopting such a strategy. Use examples to illustrate your argument

Atennis club charges a monthly membership fee of $150 and charges it members $10 per hour to use a court. there's also $500 fee to become a member. stella joined the tennis club last spring, and she has been a member for 5 months. she has been playing 10 hours of tennis each month. stella values an hour of her time at $20. during a boring afternoon meeting, stella thinks about reserving a court to work on her serve for an hour tonight. what's stella's opportunity cost of working on her serve for an hour?