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

Author Question: Which of the following statements best defines the economics of the so-called superstar effect in ... (Read 256 times)

Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
on: Jun 30, 2018
Which of the following statements best defines the economics of the so-called superstar effect in the labor market?
 a. This effect will result in cases in which individuals with large productivity differences receive vastly different compensation.
  b. This effect occurs in cases in which individuals with small productivity differences receive very small differences in compensation.
  c. This effect occurs when the firm hiring the superstar simply does not understand the term marginal-revenue product.
  d. This effect occurs in cases in which individuals with small productivity differences receive vastly different compensation.
  e. This effect usually occurs in industries in which a labor union has far-reaching powers.

Question 2

If demand is unit-elastic, then a 5 decrease in price will lead to an increase in quantity demanded by 5 units.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fdliggud

  • Sr. Member
  • ****
  • Posts: 366
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


Sufayan.ah

  • Member
  • Posts: 512
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

sultansheikh

  • Member
  • Posts: 335
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Persian leopard (Panthera pardus ciscaucasica), also called Caucasian leopard Persian leopard (Panthera pardus ciscaucasica), also called Caucasian leopard
Effect of pH on drug absorption: (a) a weak acid such as aspirin (ASA) is in a nonionized form in an Effect of pH on drug absorption: (a) a weak acid such as aspirin (ASA) is in a nonionized form in an
The Flynn Effect The Flynn Effect
Some Hall-effect sensors look like magnetic sensors. This Hall-effect camshaft reference sensor and ... Some Hall-effect sensors look like magnetic sensors. This Hall-effect camshaft reference sensor and ...
The First-Pass Effect The First-Pass Effect
Chloride and bicarbonate exchange in the renal tubules and effect of aldosterone on excretion of H+ Chloride and bicarbonate exchange in the renal tubules and effect of aldosterone on excretion of H+
Video: Mitochondrial Structure & ETC Protein Complexes (Protein Complexes and Electron Transport)

For a complete list of videos, visit our video library