Why an efficiency wage could help telecom companies

Assignment Help Microeconomics
Reference no: EM132178246

Question: Large telecom companies like AT&T routinely send repair technicians to customers' homes. Although they are skilled laborers, they must usually train on the job, so it takes some time for them to reach a high standard of quality. In addition, their work cannot be constantly supervised. Explain why an efficiency wage could help telecom companies to increase the productivity of repair techs.

Reference no: EM132178246

Questions Cloud

How would you advise ariel to think through her choice : Ariel is shopping for a space to open a new restaurant. She has two options in her target neighborhood. One space is available for lease and the other.
Development of any marketing mix depends on positioning : The development of any marketing mix depends on positioning, a process that influences potential customers' overall perception of a brand, product line,
Create a community and strengthen their brand : How well does this website acquire fans, generate engagement, amplify responses, create a community, and strengthen their brand?
How will you decide whether to sell your land to the farmer : Suppose you have inherited a few acres of land from a relative and you are considering what to do with your inheritance.
Why an efficiency wage could help telecom companies : Large telecom companies like AT&T routinely send repair technicians to customers' homes. Although they are skilled laborers, they must usually train on the job.
Objectively describe in great detail the experience : Objectively describe in great detail the experience (who, what, when, where, and how).
Are farm workers better off under the policy : The Coalition of Immokalee Workers (CIW) claims that the going wage for farm labor is exploitative. The CIW supports a minimum wage for farm workers.
What is the paid in capital : If as firm issues a common stock for $50 per share and sets the par value of the stock at $23per share and sold 1 million shares, what is the paid in capital
What will happen to the wage for farm labor at equilibrium : Suppose a new law passes requiring farms to provide health benefits to farm labor. Assume that workers value having health benefits.

Reviews

Write a Review

Microeconomics Questions & Answers

  Calculate the bertrand solution

Assume there is a duopoly with the following demand equations Q1=30-P1+P2 and Q2=30-P2+P1. Marginal cost are given as MC1=6, MC2=0.

  Sketch your plan and explain why you have picked this policy

You are a member of the Presidents Council of Economic Advisors. The economy is experiencing high inflation, rising unemployment, a falling dollar.

  Between log-linear model and log-log model

How do you choose between log-linear model and log-log model? How about linear log-linear? And how about linear-log and log-log? Why? How do you interpret coefficients of a A) log-Linear B) log-log c) linear-log model?

  What is minimum average cost

Jack's faces the following demand function for its Jack in the Boxes: Q = 13000 - 8P. Jack produces the Jack in the Boxes in two facilities.

  Find all the pure-strategy nash equilibria

Three firms are considering entering a new market. The payoff for each firm that enters is 150/n, where n is the number of firms that enter.

  Explain unemployment rate

At the same time the unemployment rate remained at 8.3%. Use your understanding of the labor market to explain how these two things could happen at the same time.

  Demand and supply schedules

Demand and supply schedules

  Create a new innovative service that will help

Create new innovative service that will help to create both customer loyalty and health which will help to create financial growth for company and shareholders.

  Production of tablets is capital-intensive-labor-intensive

Suppose the U.S. and Mexico both produce 2 goods, tablets and cereal, using 2 inputs, capital (K) and labor (L). The production of tablets is capital-intensive, and that of cereal is labor-intensive. The U.S. is a capital-abundant country, and Mexico..

  What are initial equilibrium wage rate and employment level

In the graph below, assume that the market demand curve for labor is initially D1. The market supply curve for labor is indicated with figure "S".

  Present value of a future sum will rise with the fall

The present value of a future sum will rise with the fall in the

  Microeconomic paper tests

Price Elasticity of Demand facing you in your scenario, including actual calculation of it using the midpoint formula. If you can't find data, then determine the Price Elasticity from the Characteristics and make up numbers to use.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd