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"How might payment of an efficiency wage (a) reduce shirking by employees and (b) reduce employee turnover? What is the implication of the efficiency wage theory for unemployment? In what way are piece rates, commissions, royalties, profit sharing, and stock options substitutes for efficiency wages?"(A simple, brief, write-up is needed).
Suppose the government intends the tax to reduce the consumption of some goods for example, cigarette or chewing gum. Illustrate what will determine the effectiveness of the tax in reducing consumption
Just breaks even over the year as whole. a Wouldn't the restaurant do better by staying closed out of season. At what cost will it shut down, given that all its fixed costs are sunk.
Does the coffee marketplace meet all six conditions of a perfectly competitive marketplace.
illustrate what is the corresponding marginal cost function. at illustrate what o/p is AVC at its minimum.
What is the expected profit of simultaneously pursuing both programs.
Explain how could ABC use interest rate swaps to reduce the exposure of its cost of debt to interest rate movements.
What happens to total revenue if the price of sugar rises from $3 to $7 per kilogram.
Assume that this cost is set by an upstream wholesaler with monopoly pricing power.
How many workers should the firm hire if the price of the output is $10? Suppose the price of the output falls to $7.50. Illustrate what do you think would be the short-run impact on the firmâ??s production.
An industry which generates detrimental externalities will have a marginal social cost higher than the marginal private cost to the industry.
What is the opportunity cost of Josephine's trip to the wedding
Suppose that an increase in crime (O) also results in a per unit amount of social damage equal to d(d>0).
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