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Discussion Question
Sometimes students in previous classes responding to this case study have mentioned things like company parties, flex time, special recognition for achievements, or other benefits. Suppose a company funds a party for 100 employees that costs $4,000. How do we know that the party is incentivizing employee productivity more than simply giving each employee a check for $40?
One of the things that economists have pointed out is that the marginal product of labor tends to increase as the quantity and quality of capital (tools) increases. As there is more capital to work with, workers can be more productive. Think about the marginal productivity of a worker with a shovel as opposed to that same worker with a backhoe. So one thing that employers could do to increase the marginal product of workers is to provide more capital.
Identify the ethical and legal issues of which Albert needs to be aware - Discuss the advantages and disadvantages of each decision that Albert could make and has made.
Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10.
Describe the effect of each of the following events on the market for labor in the computer manufacturing industry. Use graphs.
There are three primary methods of inducing firms to emit the optimal level of pollution: standards, taxes and transferable permits. Compare and contrast these three techniques: describe each and explain its strengths and weaknesses.
Assume that the farmer works to maximize net revenue (gross revenue minus vari- able costs) from the production of these four crops. Formulate this as an LP.
Do you believe managers are justified in monitoring employees Should managers always alert workers about monitoring At what point (if any) does management monitoring become unethical Would your perspective be different if you were the owner of the..
Your coffee mug company is currently producing at an output level of 200 units per month. Fixed costs are $500 per month. At the current output level, you know that marginal cost is $10 and equal to average total cost. At an output level of 150, you..
macroeconomic analysis is used extensively to analyze the potential impact of cities hosting professional sports teams
To intermediate the mortgage market, Fannie Mae would obtain funds through issuing short-term commercial paper, and then use these funds invest in long term debt securities, creating interest rate risk.
How much will she consume in each period?
Market research has revealed the follwing inforation about the market for chocalate bars. The demand schedule can be represented by the equation Qd=1,600-300P Where Qd is the quantity demand and P is the price.
An economy is faced by exhaustion of an important natural resource at a time when it is introducing improved technology.explain how these events will effect the economy production possibility curve.
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