This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Norah works as a content writer for an online magazine. Because her work is not evaluated daily, she ... (Read 68 times)

future617RT

  • Hero Member
  • *****
  • Posts: 543
on: Jun 29, 2018
Norah works as a content writer for an online magazine. Because her work is not evaluated daily, she often spends her time playing online games, which adversely affects the quality of her work.
 
  a) What is the term used to refer to such behavior? b) What is the solution to this problem? Explain your answer.

Question 2

The above table shows production points on Sweet-Tooth Land's production possibilities frontier. What is the opportunity cost of one can of cola if Sweet-tooth Land moves from point C to point B?
 
  A) 20 chocolate bars per can of cola
  B) 10 chocolate bars per can of cola
  C) 2 chocolate bars per can of cola
  D) 1/2 chocolate bars per can of cola


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

momtoalll

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

a) The term used to refer to Norah's behavior is moral hazard. Moral hazard refers to actions that individuals take based on their own private information that is unavailable to the other party in the transaction but adversely affects their payoff. In this case, only Norah knows how much attention she pays to her work. This information is unavailable to her boss.
b) The management can motivate workers like Norah to work harder by offering efficiency wages. Efficiency wages are wages above the lowest pay that workers would accept and that employers use to increase workers' motivation and productivity.

Answer to Question 2

D


future617RT

  • Member
  • Posts: 543
Reply 2 on: Jun 29, 2018
Excellent

kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Typical Caffeine Content of Chocolate and Several Beverages Typical Caffeine Content of Chocolate and Several Beverages
The Works of Geoffrey Chaucer Newly Augmented, Kelmscott Press. The Works of Geoffrey Chaucer Newly Augmented, Kelmscott Press.
Who Takes Care of the Children While the Mothers Are at Work? Who Takes Care of the Children While the Mothers Are at Work?
How liposuction works? How liposuction works?
Where do Psychological Practitioners Work? Where do Psychological Practitioners Work?
An automobile engine provides 524 Joules of work to push the pistons and generates 2160 Joules ... An automobile engine provides 524 Joules of work to push the pistons and generates 2160 Joules ...
Video: Fetal development - Weeks 9 to 38

For a complete list of videos, visit our video library