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A more serious problem with input-based pay systems (e.g., a wage her hour), relative to an output--based system, is:
a. the difficulty of measuring the worker's output.
b. the cost of administering the pay sytem.
c. workers will maximize output and neglect quality.
d. workers have an incentive to shirk.
What are the ethical issues at stake when companies permit employees to use personal technologies on the job? What are the implications for all stakeholders?
q. the article states growth in the export sector has been one factor contributing to overall growth. how would we
Locate recent articles in the New York Times or Wall Street Journal in which economists are quoted using positive and normative statements.
The interest rates on corporate bonds and government bonds of the same maturity tend, usually, to move together-increasing at the same time and decreasing at the same time. what could explain that fact?
price is greater than marginal cost and average total cost is not at a minimum. How would it be possible to ‘eliminate' this waste. What would we have to give up.
Why is depreciation of capital good a cost of society. In illustrate what ways does a person's health depreciate. Why might older people's health care expenditures increase in Grossman model even though their desired health stocks may be lower.
Explain which intellectual property appears the most difficult for a business owner to protect. Provide support for your answer.
Find the number of units of input L that maximizes the average product function. Determine the boundaries for the three stages of production.
a competitive industry is comprised of 15 identical firms, each with a short-run total cost function
Assume you are part of a research team evaluating a proposal to clean up a hazardous waste site.
In an effort to provide tax relief for households while still balancing the budget, Congress votes to raise business taxes and decrease personal taxes.
Illustrate the price that consumers are willing and able to pay for this output is $40 per unit. Produces this output, the firm's average total cost is $43 per unit, and its average fixed cost is $8 per unit.
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