Homework Answers
The correct answer is 'Option A'.
A firm voluntarily pay workers the wages above than the market equilibrium because paying higher wages will help the firm to reduce the training costs. Paying higher wages to workers will induce workers to be more productive which will also make them effective and efficient as a result of which they would require less training for the work. A worker getting a higher wage will understand the responsibilities and help in the growth of the company. This will reduce the training costs of the firm. So, the correct answer is 'Option A'.
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12. The theory of efficiency wages Why might some firms voluntarily pay workers a wage above...
Why might some firms voluntarily pay workers a wage above the market equilibrium, even in the...
Why might some firms voluntarily pay workers a wage
above the market equilibrium, even in the presence of surplus
labor? Check all that apply.
Higher wages cause workers to shirk more of their
responsibilities.
Paying higher wages tends to reduce the average
experience level of a firm's workers.
Paying higher wages encourages workers to be more
productive.
Higher wages attract a more competent pool of
workers.
Attempts: Average: 1 7. The theory of efficiency wages Why might some firms voluntarily...
Why might some firms voluntarily pay workers a wage above the arket equilibrium, even in the...
Choose all that apply1)higher wages cause workers to shirk more of their responsibilites2)paying higher wages can reduce a firms training cost3)paying higher wages to tends to reduce average expierence level of a firms workers
13. According to the theory of efficiency wages (x)anything that makes the efficiency wage rise relative...
13. According to the theory of efficiency wages (x)anything that makes the efficiency wage rise relative to the market-clearing wage will increase the quantity demanded of labor and reduce the quantity supplied of labor .(y)firms may choose to pay a wage above the equilibrium level to attract the best skilled workers, to provide an incentive to work hard and to reduce worker turnover. (z)anything that makes the efficiency wage rise relative to the market-clearing wage will cause a surplus of...
A standard efficiency wage model pays workers higher wages in order to increase worker efficiency. As...
A standard efficiency wage model pays workers higher wages in order to increase worker efficiency. As a result, firm profits increase and there is a pool of involuntarily unemployed workers. This equilibrium comes about in part because Multiple Choice workers are unaware of the pool of unemployed workers as long as they keep their job. the firm agrees to not replace labor with capital. the firm pays workers according to a tournament. workers will do anything to be paid a...
12. Sectoral shifts A. lead to wage rigidity B. explain the payment of efficiency wages C....
12. Sectoral shifts A. lead to wage rigidity B. explain the payment of efficiency wages C. depend on the level of the minimum wage D. make frictional employment inevitable 13. The Solow growth model describes A. how output is determined at a point in time B. how output is determined with fixed amounts of capital and labor C. how saving, population growth, and technological change affect output over time D. the static allocation, production, and distribution of the economy's output...
A government might choose to implement a price floor to O A. keep specific prices up....
A government might choose to implement a price floor to O A. keep specific prices up. O B. satisfy notions of equity. O c. give into powerful political groups. OD. All of the above have served as motivations. Demand and Supply Schedules for Chocolate Bars Price Quantity Demanded Quantity Supplied ($) (thousands per week) (thousands per week) 2.00 1500 2100 1.80 1600 2050 1.60 1700 2000 1.40 1800 1950 1.20 1900 1900 1.00 2000 1850 0.80 2100 1800 0.60 2200...
with job satisfaction? CC-12. Using job characteristics theory, explain why the present system of job design...
with job satisfaction? CC-12. Using job characteristics theory, explain why the present system of job design may be con- tributing to employee dissatisfaction. Describe some ways you could help employees feel more satisfied with their work by redesigning their jobs. 1 me idea about **** Repairing Jobs That Fail to Sati Learning Goals Companies often divid ciency, but speciali quences. Drain sed specialization petitors' costs often divide work as a way to impro Secialization can lead to negative DrainFlow is...
Why might some firms voluntarily pay workers a wage
above the market equilibrium, even in the presence of surplus
labor? Check all that apply.
Higher wages cause workers to shirk more of their
responsibilities.
Paying higher wages tends to reduce the average
experience level of a firm's workers.
Paying higher wages encourages workers to be more
productive.
Higher wages attract a more competent pool of
workers.
Attempts: Average: 1 7. The theory of efficiency wages Why might some firms voluntarily...
A government might choose to implement a price floor to O A. keep specific prices up. O B. satisfy notions of equity. O c. give into powerful political groups. OD. All of the above have served as motivations. Demand and Supply Schedules for Chocolate Bars Price Quantity Demanded Quantity Supplied ($) (thousands per week) (thousands per week) 2.00 1500 2100 1.80 1600 2050 1.60 1700 2000 1.40 1800 1950 1.20 1900 1900 1.00 2000 1850 0.80 2100 1800 0.60 2200...
with job satisfaction? CC-12. Using job characteristics theory, explain why the present system of job design may be con- tributing to employee dissatisfaction. Describe some ways you could help employees feel more satisfied with their work by redesigning their jobs. 1 me idea about **** Repairing Jobs That Fail to Sati Learning Goals Companies often divid ciency, but speciali quences. Drain sed specialization petitors' costs often divide work as a way to impro Secialization can lead to negative DrainFlow is...
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