Q: A nursing home is deciding whether to add an additional employee to its staff. The marginal cost of…
A: Marginal cost refers to an additional cost which is incurred by producing one more unit of good.
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A: Marginal physical product of labor (MPPL) is the additional output produced by hiring one additional…
Q: What are the pros and coms of paying efficiency wages? For both the firm and the employee
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Q: At the end of World War II, the international labor conference adopted a declaration which stated…
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Q: "Do Men and Women Earn the Same Amount?" Please give a reason behind your answer.
A: No, Generally they do not earn the same amount.
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Q: efit exceeds the marginal cost.
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Q: How might efficiency wages increase worker productivity?
A: Efficiency wages: The payment above the competitive wages made by the firm to its worker.
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Q: How can stages of production be used to determine the most profitable number of workers to hire
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Q: would the equity and efficiency effects of raising the minimum wage to $20/
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A: Statement 1 is false as firms know that employees work for a longer period in order to get promoted…
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A: Ans. Monopolistic A monopolistic market is a theoretical situation in which only one corporation can…
Q: Question 33, 41 Listen Should the company invest in the training program if allows them to expand…
A: Answer= "Thank you for submitting the questions. But, we are authorized to solve one question at a…
Q: Other things equal, as the marginal productivity of labor rises: Group of answer choices real wages…
A: The marginal productivity of labor measures the change in the total product due to using an…
Q: What factor limits the amount a firm can pay a worker to produce a product?
A: The firm uses the labor or worker as long as it is profitable. The productivity of labor decides the…
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- . A firm’s decision about how many workers to hire.The company that you manage has invested $5 million in developing a new product, but the development is not quite finished. At a recent meeting, your salespeople report that the introduction of competing products has reduced the expected sales of your new product to $2 million. If it would cost $4 million to finish development and make the product, you go ahead and do so. The most you should pay to complete development is million.John was a troubled teen and got arrested several times and even spent some time in a juvenile detention center. John is now 22 years old and briefly attended Highline College but dropped out and has no job. John’s grandmother is very concerned, so she promised John that if he got a steady job, did not break the law again, and if he went back to Highline College if he could be re-admitted, she would pay John $50,000. John loved his grandmother and he promised to do all of that for her. Discuss whether these various promises on John’s part would constitute valid consideration for the payment of the $50,000. Please fully explain your answer for all the points.
- When you are self-employed, you are responsible for— meeting the expectations or your employer, getting a paycheck from an employer, providing all of your own income and fringe benefits, ignoring the needs of your clientsUsing the threat of dismissal can Multiple Choice lower worker productivity. be effective only if there is also a performance bonus. have no effect on worker productivity. raise worker productivity.Show full work
- State true or false with reason "self employed are different from hired workers "Talk about how the idea of positive and negative incentives can be used to boost employee performance in a business.Sarah is unemployed if she is working at the accounting department of General Motor. is laid off and still looking for a job. has looked for a job for two months and then give up looking. is not looking for a job.
