What conditions lead to highly compensated super-stars? Would you expect to see superstars in dentistry? In music? Explain.

Q: Does the old boy network operate in favor of men and can women get the job only if they accept to…

A: Old boy network refers to group of boys pass-out from various prestigious colleges and now they are…

Q: In what specific ways (if any) does a college education increase a worker's productivity? Why do you…

A: The resources which are present with the economies, or societies around the globe tend to be limited…

Q: Would you expect the presence of the labor unions to lead to higher or lower pay for worker-members…

A: The labor demand shows the quantity of labor demanded at different wages. The labor supply shows the…

Q: State true or false with reason "self employed are different from hired workers "

A: Money is required for individuals and currently money is used in the form of currency with exchange…

Q: true or false? Non-monetary aspects to a job can explain why wages may differ given that two…

A: Non-monetary benefits:- Non-monetary remuneration is defined as any sort of non-cash compensation…

Q: Medical workers receive lower wages here in the Philippines tend to migrate in the U.S. because of…

A: The movement of people between countries, especially workers is termed migration. Migration is a…

Q: What are the pros and coms of paying efficiency wages? For both the firm and the employee

A: Wage Efficiency Theory The efficiency wage theory proposes that raising wages will enhance labor…

Q: Why does a profit-maximizing firm hire workers up to the point where the wage equals the value of…

A: A profit-maximizing, competitive firm will always hire an additional worker when the additional…

Q: There will always be people out of work. True or false

A: The statement that there will always be people out of work is true.

Q: Children in poor neighborhoods have bleakoutlooks on life and do not see much gain to studying. A…

A: Poor people do not have much money due to which they are not able to fulfill the daily needs in…

Q: Explain why labor productivity and real hourly compensation track so closely over time.

A: The labor is the individual who is willing to work at the prevailing wage rate in the economy. The…

Q: What factors might account for the wide disparities in average salaries in differ- ent states?

A: There are various reason for salary differentiation state to state Location Demand and supply of…

Q: Luke is not very experienced with Excel and thus, like many people, doesn’t know how to exploit its…

A: It is important that luke understands the importance of technology to increase efficiency. I would…

Q: Companies don’t have to but many a times do pay higher than minimum wages? Explain each briefly.…

A: A minimum pay permitted by law is the most reduced compensation that businesses can legitimately pay…

Q: In what ways can people exercise their right to work and fair pay?

A: Work is very important as people want to work, have jobs, and increase their livelihood and income.…

Q: define commodity fetishism and its relation to labor. Then, pick a popular commodity and describe…

A: "Commodity fetishism" is an idea that the relationship between the commodity and the individual…

Q: How might construction industry job losses affect incomes in the clothing and travel industries?

A: A loss in the job in the construction industry will be lead to a decrease in the income of both…

Q: How might efficiency wages increase worker productivity?

A: Efficiency wages: The payment above the competitive wages made by the firm to its worker.

Q: Are unions and technological improvements complementary?

A: Unions - It is the action of joining.

Q: The number of people who want to be professional athletes greatly outnumbers the amount of positions…

A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor…

Q: How can stages of production be used to determine the most profitable number of workers to hire

A: The firms, and businesses tend to work with the motive of earning higher amount of profits. The…

Q: would the equity and efficiency effects of raising the minimum wage to $20/

A: Raising the legal minimum wage should, in theory, benefit both the representative and the loser.…

Q: Is America a meritocracy?

A: The term Meritocracy refers to such kind of government which is ruled people from the educated…

Q: What economic principle justifies the high salaries of some professional athletes? Suppose the…

A: The fiscal value incorporates a varied variability of financial regulations and concepts that…

Q: Why does a profit-maximizing firm hire workers up to the point where the wage equals the value of…

A: Wages is the payment which an employer pays to its worker for its labor or service. The wage is the…

Q: How does path dependency provide an explanation for differentiation in earnings between men & women?

A: While dealing with an economy, economists or policymakers make their findings using past…

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: If women in America get paid less than men, why don't more businesses just hire women and save…

A: Wages are the monetary compensation provided to labor for its contribution to the manufacturing…

Q: What are ways that change can be managed to reduce the level of anxiety experienced by…

A:

Q: erhart & Newman (2020) discuss how compensation (pay) may be a measure of justice, i.e., gender,…

A: It is essential because executives act as agents for investors or owners. The executive should guide…

Q: What factors create the link between wages and productivity that is at the heart of efficiency wage…

A: The idea of the efficiency wage theory is that increasing wage can lead to increased labor…

Q: Would the owner of a profit-maximizing clothing store hire another worker for $85 per day if that…

A: For a profit-maximizing firm, the point up to which workers can be hired is contingent upon the…