What are the different modes of payments that employers ...

[mpobi80]

What are the different modes of payments that employers use?

Question 2

If firms are exiting a market then
 A) economic profits must be zero
  B) economic profits must be greater than zero
  C) economic profits must be less than zero
  D) both economic and accounting profits must be greater than zero.

[guyanai]

Answer to Question 1

Pay comes in forms that include piecework; hourly wages; monthly salaries; various forms of sharing, commissions, and tips; and compensation based on company performance. The efficient form depends on such details as the measurability of output, the importance of team production, the impact of random events on productivity, and the observability of effort.

Answer to Question 2

C