User Account

All Pages

Marginal revenue product and wages

Assignment Help Business Management
Reference no: EM131654688

Marginal Revenue Product and Wages

What is the link between marginal revenue product and wages?

Due to there being discrepancies between the productivity and resource offerings (i.e., education, skills, experience) in labor markets, is it justified for one employee with a higher marginal revenue product to earn a higher wage than an employee with a lower marginal revenue product?

Does this notion of marginal revenue product and wages conflict with minimum wage laws?

Reference no: EM131654688

Questions Cloud

Corporations pay their taxes within a timely : Are there any U.S. corporations that are bad for our economy as well as consumers? Do you believe all corporations pay their taxes.
Explain the most significant topic related to aging in film : Explain the most significant topic related to aging in the film / documentary. Give the name of the film and the year it was directed
Examine the reasons for the marketing strategy change : Determine how the organization approached the development and implementation of the change.Examine the reasons for the marketing strategy change.
Formulate a mixed integer linear program : Formulate a mixed integer linear program to determine the optimal location and distribution plan that will minimize the total cost.
Marginal revenue product and wages : What is the link between marginal revenue product and wages?
Handling the actual restoration : The discussion John and Kate just concluded involved expanding this hobby, not into a full-time job, but into a part-time business.
Exports on equilibrium output and inflation : Explain the effect of an increase in exports on equilibrium output and inflation in the short run and the long run. Would this affect the potential output?
Discuss the changes that came out of europeans arrival : Consider the changes that came out of Europeans' (re-)arrival in the Americas. How did this one event shape the course of world history
Increase in cost of energy for businesses : Explain the effect using aggregate demand-aggregate supply model. Would this affect the potential output? Why/Why not?

Reviews

Write a Review

Business Management Questions & Answers

  Begin by explaining fiscal policy

Begin by explaining fiscal policy.

  An embedded option called backward induction

Why is the procedure for valuing a bond with an embedded option called "backward induction"?- Why is the value produced by a binomial model referred to as an "arbitrage-free" value?

  Why so many software development efforts fail

Senior management at your company is concerned about why so many software development efforts fail. They have asked you to develop a presentation that explains the activities that take place during each phase of the SDLC to ensure software developmen..

  Increase organizational effectiveness

In what ways can power, authority and influences motivate employees and increase organizational effectiveness?

  What are its expected dividend yield and capital gains yield

Now assume that TTC's period of supernormal growth is to last another 5 years rather than 2 years. How would this affect its price, dividend yield, and capital gains yield? Answer in words only.

  Determining the role of advertising

What is the role of advertising in each of the four market structures? As you answer these question, illustrate your points with original examples.

  Definition of oligopolies and mutual interdependence

Using the definition of oligopolies and mutual interdependence, explain why oligopolists are more likely than perfect competitors to engage in strategic behavior?

  Create a business plan for the given organization

Create a business plan for this organization to enter a global market in which they are not already doing business (see section 2 of Table 8.1).

  Planning as a function of management

1. What is the importance of an organization's mission, values, and objectives to planning as a function of management? 2. Explain the concept of management by objectives and explain how it is used in organizations.

  Explain the difference in leadership and management

Difference in Leadership and Management according to Kotter; factors influencing style

  Compare the economies of india and china today

Chasing the dragon! Compare the economies of India and China today. What are their GDP per capita and their economic growth rates?

  Decision-making and problem-solving

Explain how Organizational Behavior can aid you in decision-making and problem-solving.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd