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An internal study at Mimeo Corporation-a manufacturer of low-end photocopiers-revealed that each of its workers assembles three photocopiers per hour and is paid $3 for each assembled copier. Although the company does not have the resources needed to supervise the workers, a full-time inspector verifies the quality of each unit produced before a worker is paid for his or her output. You have been asked by your superior to evaluate a new proposal designed to cut costs. Under the plan, workers would be paid a fixed wage of $8 per hour.
Should you expect this plan to cut costs?
Yes - workers will likely assemble more photocopiers under the fixed wage.
No - even if workers continue to assemble three photocopiers per hour, the fixed wage will increase costs.
Yes - costs per worker hour are reduced from $9 (=$3 x 3) to $8 with the fixed wage.
No - the fixed wage gives workers no incentive to work hard.
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