Underpaid based on the economic discussion of wages

Assignment Help Business Economics

Reference no: EM13737871

Consider the following:

Why do actors and actresses earn so much?

How does a production firm decide how much to pay them?

Do you think they are overpaid or underpaid based on the economic discussion of wages?

Can the high salaries be justified?

Follow-up questions:

In addition to wages, what other factors influence an individual to choose one job over another?

Consider jobs like those on some popular TV shows like Deadliest Catch and Ax Men. While these individuals are not guaranteed a high salary, why might they earn more than similarly skilled individuals in other jobs?

What jobs do you think have the best mix of salary and other characteristics that individuals care about?

Reference no: EM13737871

Questions Cloud

Government budget included a broad based reduction : Suppose that the Federal Government announced a tax rebate of $500 for all individuals filing singly and $1000 for all families filing jointly or as head of household in the upcoming tax year. Further, suppose that the Government budget included a br..

When a firm pursues a predatory pricing strategy : When a firm pursues a predatory pricing strategy, it does so

What is the future worth cost of the machinery : IPS Corp. will upgrade its package-labeling machinery. It costs $150,000 to buy the machinery and have it installed. Operation and maintenance costs, which are $1500 per year for the first three years, increase by 500 per year for the machine's 10-ye..

Underpaid based on the economic discussion of wages : In addition to wages, what other factors influence an individual to choose one job over another? Consider jobs like those on some popular TV shows like Deadliest Catch and Ax Men. While these individuals are not guaranteed a high salary, why might th..

Subtracted from what the borrower receives : Some lenders charge an up-front fee on a loan, which is subtracted from what the borrower receives. This is typically described as "points" (where one point equals 1% of the loan amount). The federal government requires that this be accounted for in ..

Some lenders charge an up-front fee on a loan : Some lenders charge an up-front fee on a loan, which is subtracted from what the borrower receives. This is typically described as "points" (where one point equals 1% of the loan amount). The federal government requires that this be accounted for in ..

What determines the level of income and employment : Explain what determines the level of income, employment, output and prices in our economy. Do you think current monetary and fiscal policy is working to help the U.S. economy achieve the three economic goals of full employment, economic growth, and s..

What is the purpose of cultural training for an expatriate : Many people enjoy the excitement of living and working in a foreign country, but many others do not want to work in a foreign country, particularly if an assignment is perceived to be very long term or permanent.

User Account

All Pages