What probably happens to wages at the factory

Assignment Help Microeconomics

Reference no: EM131823353

Question: 1. When the crime rate falls in the area around a factory, what probably happens to wages at that factory?

2. Let's take the idea from the previous question and use it to explain why businesses sometimes try to make their employees happy. If a business can make a job seem fun (by offering inexpensive pizza lunches) or at least safe (by nagging the city government to put police patrols around the factory), what probably happens to the supply of labor? What happens to the equilibrium wage if a factory or office or laboratory becomes a great place where people "really want to work"? How does this explain why the hourly wage for the typical radio or television announcer is only $13 per hour, lower than almost any other job in the entertainment or broadcasting industry?

Reference no: EM131823353

Questions Cloud

Purpose of strategy formulation and adjustment : The more things an organization attempts to do, the more information it needs to have in terms of environmental assessment.

What is the short version of the given scenarios : What's the short version of these scenarios? Fill in the blank: If we learn today about promising future energy sources, today's price of energy will.

Quality employee training and development : Explain the need for quality employee training and development within a healthcare organization. Please list any references for my review as well.

Is intelligence testing a useful method of measuring : Should colleges and universities base admissions more on SAT and ACT scores or high school grades and activities?

What probably happens to wages at the factory : Let's take the idea from the previous question and use it to explain why businesses sometimes try to make their employees happy.

Pr director for a nonprofit health care organization : Assume you are the PR director for a nonprofit health care organization. Who are your publics and stakeholders and how did you make this determination?

How do childhood experiences influence feelings : How do childhood experiences (either yours or those of other adults) influence feelings about attachment and separation?

Summarize freuds stages of psychosexual development : What's the difference between a clinical psychologist and a psychiatrist?Describe the psychoanalytic/psychodynamic perspective of psychology.

Describe the competitive profile matrix : Please state the 5 categories of external forces, describe the competitive profile matrix, explain Porter's Five-Forces Model and what are the 5 steps

User Account

All Pages