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Author Question: In the labor market, contracts are often designed to include a variable salary component that is ... (Read 70 times)

neverstopbelieb

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on: Apr 19, 2019

Question 1

Which of the following is an example of mechanism design?


◦ an employer pays all sales people a fixed salary
◦ welfare reform that limits the amount of time a person can collect benefits
◦ health insurance with zero co-pays
◦ reduced prices on bulk purchases

Question 2

In the labor market, contracts are often designed to include a variable salary component that is tied to some measure of performance. Why?


◦ Such contracts provide workers with the incentive to work hard.
◦ Most people are risk-loving and thus variability in their compensation leads to higher total utility.
◦ Labor unions demand a variable salary component.
◦ The variable component reduces wages paid by firms.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by neverstopbelieb on Apr 19, 2019

mochi09

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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neverstopbelieb

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Reply #2 on: Apr 19, 2019
Excellent


mochi09

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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