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

Author Question: The idea that paying higher wages attracts a more talented labor pool is called the a. winner's ... (Read 68 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Jun 30, 2018
The idea that paying higher wages attracts a more talented labor pool is called the
 a. winner's curse
  b. efficiency wage theory
  c. marginal productivity theory
  d. lemons problem
  e. theory of the second best

Question 2

If every firm is a price taker, then which of the following characteristics does their industry have?
 a. large number of sellers
  b. many versions of the product
  c. limited resource mobility
  d. few consumers
  e. market power


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

whitcassie

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


EY67

  • Member
  • Posts: 531
Reply 2 on: Jun 30, 2018
Gracias!

bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Roots of the keystone species hypothesis: does a higher proportion of predators in diverse communiti Roots of the keystone species hypothesis: does a higher proportion of predators in diverse communiti
Animals of Hindustan monkeys called bandar that can be taught to do tricks Animals of Hindustan monkeys called bandar that can be taught to do tricks
Cardiac catheterization. Insertion of a tube called a catheter through a blood vessel. In this examp Cardiac catheterization. Insertion of a tube called a catheter through a blood vessel. In this examp
When parents actively support higher education, their children achieve more in their future careers. When parents actively support higher education, their children achieve more in their future careers.
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011 Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011
Video: Ear Animation

For a complete list of videos, visit our video library