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Author Question: Which of the following is NOT a difficulty with using a piece-rate contract? A) measuring output ... (Read 24 times)

skymedlock

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on: Jul 1, 2018
Which of the following is NOT a difficulty with using a piece-rate contract?
 
  A) measuring output
  B) eliciting the desired behavior
  C) gaining worker acceptance
  D) workers taking too much time to achieve a certain task

Question 2

Refer to the demand and supply equations. At a price of 35, there will be ________.
 
  Fill in the blank(s) with correct word


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ErinKing

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

Qd = 80 - 2 (35 ) = 10 units
Qs = - 10 + 4 (35 ) = 130 units
Thus, at a price of 35 which is above the equilibrium price of 15, we have an excess supply or shortage of 120 units


skymedlock

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Reply #2 on: Jul 1, 2018
Thank you


ErinKing

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Reply #3 on: Jul 1, 2018
No problemo


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