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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.
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How are the Ebola crisis, the ISIS crisis and the Russia/Ukraine crisis affecting the US economy Asteria and class? Will Ebola be contained in the US?
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Graph Jay's budget constraint when her income is 50, and the price of housing and food is 2 and 10 respectively. What happens to her budget constraint when M increases?
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