Harriet works in a garment production factor where she is paid $3.00 for each shirt or dress she sews. Harriet is paid on a(n) _______________ basis. Group of answer choices exempt piecework commission profit-sharing

Harriet works in a garment production factor where she is paid $3.00 for each shirt or dress she sews. Harriet is paid on a(n) _______________ basis. Group of answer choices exempt piecework commission profit-sharing

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter12: Income Distribution, Poverty, And Discrimination

Section: Chapter Questions

Problem 11SQ

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Concept explainers

Isocost and Isoprofit Curve Analysis

An isocost curve in the production theory that is a crucial part of economics depicts different combinations of factor inputs at a given market cost. In other words, this shows all the combinations of production factors that cost the same for the firm to employ. Usually, this can be depicted as a downward sloping straight line when the firms act as the price-takers in the factor markets. The slope of this mainly depicts the relative prices of different production factors.

Question

Harriet works in a garment production factor where she is paid $3.00 for each shirt or dress she sews. Harriet is paid on a(n) _______________ basis.

Group of answer choices

exempt

piecework

commission

profit-sharing

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