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

Author Question: The efficiency wage is A) lower than the market-clearing wage, to penalize shirking. B) higher ... (Read 107 times)

notis

  • Hero Member
  • *****
  • Posts: 596
on: Jul 1, 2018
The efficiency wage is
 
  A) lower than the market-clearing wage, to penalize shirking.
  B) higher than the market-clearing wage, to penalize shirking.
  C) lower than the market-clearing wage, to allow managers the resources to monitor shirking.
  D) higher than the market-clearing wage, to reward workers for informing on others who shirk.
  E) lower than the market-clearing wage, because of shirking done by managers.

Question 2

Some popular reality television programs follow people who buy the contents of abandoned storage lockers at public auctions. In most cases, several storeage lockers are sold in sequence during a particular auction.
 
  Occassionally, one of the buyers will purposefully bid much more than the expected value of a particular storage locker in order to intimidate the other bidders. What is a plausible explanation for these excessive bids? A) The buyer is trying to establish a reputation that may affect the outcome of later auctions.
  B) The excessive bids may be rational if they occur during the last auction of the day.
  C) The bidder is trying to establish a first-mover advantage, but only if they occur during the first auction of the day.
  D) The excessive bids represent a form of tacit collusion among the buyers.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ngr69

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


notis

  • Member
  • Posts: 596
Reply 2 on: Jul 1, 2018
Wow, this really help

frankwu0507

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Relaxed ear position of a bored or resting horse. Lower lip is loose, also indicating relaxation. Th Relaxed ear position of a bored or resting horse. Lower lip is loose, also indicating relaxation. Th
Romanian Adoptees’ Cognitive Abilities, by Age of Adoption The later the age of adoption, the lower Romanian Adoptees’ Cognitive Abilities, by Age of Adoption The later the age of adoption, the lower
For ice massage, ice is frozen in a cylindrical container or a paper cup (A). The top half of the cu For ice massage, ice is frozen in a cylindrical container or a paper cup (A). The top half of the cu
Maslow’s hierarchy of needs proposes that lower needs dominate the individual’s motivations and ... Maslow’s hierarchy of needs proposes that lower needs dominate the individual’s motivations and ...
Apply lotion to the foot, lower leg, and thigh if accessible. Apply strokes from distal to proximal. Apply lotion to the foot, lower leg, and thigh if accessible. Apply strokes from distal to proximal.
Higher-Order Conditioning Higher-Order Conditioning
Video: Egg and Sperm Formations in Animals Animation

For a complete list of videos, visit our video library