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A firm that makes car parts wants to adopt pay schemes that will best motivate its various workers to be productive and they hire you as a consultant.
a. The firm is able to accurately measure the productivity of individual workers who make windshield wipers. What would happen to the productivity of the firm's windshield wiper division if it started paying per windshield wiper? Why?
b. Seats are assembled by teams of workers. The firm can accurately observe the output of each team, but not individual workers within a team. What problems might the firm encounter if output is based on team productivity? How might your answer vary with the size or composition of the teams?
The graph also shows the marginal revenue curve faced by this firm. Elucidate how much profit does the monopolist earn.
q1. suppose that on january 1 the price of one hundred yen was 0.80 and ppp held. over the year the japanese inflation
A survey of economists revealed that more than three-fourths of them agreed with a number of statements, including which of the following.
the market for a new refrigerator for your company's lounge also You've narrowed down the search to two models.
Explain how this investment capital is transformed into fixed capital goods, new technology, and cost reduction using new methods of production.
Explain how would Margaret's indifference map look like. What is the Marginal Rate of Substitution (MRSA,B) between good A and B.
Calculate point price elasticities of demand for each customer product at activity levels identified in part A.
What factors might these types of stores have in common behind their declines.
Human capital theory predicts that women who plan on interrupting their work career will:
Throughout the company’s franchises, the probability is 0.60 that a meal lwill be served with in 45 seconds. What is the expected number of coupons a counter employee will receive when serving the regional manager?
Draw a new supply and demand graph showing what happens in the market for fuel efficient cars if only part c) has occurred. Label both old and new equilibrium P and Q.
Illustrate what basic principles does production possibilities (or transformation) curve. Consider where an increase in production of one good requires an increase or decrease in production of or goods when K and L are held constant.
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