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

Author Question: In the labor market, contracts are often designed to include a variable salary component that is ... (Read 81 times)

neverstopbelieb

  • Hero Member
  • *****
  • Posts: 534
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by neverstopbelieb on Apr 19, 2019

mochi09

  • Sr. Member
  • ****
  • Posts: 335
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.
Answer Preview
Only 56% of students answer this correctly


neverstopbelieb

  • Hero Member
  • *****
  • Posts: 534
Reply #2 on: Apr 19, 2019
Excellent


mochi09

  • Sr. Member
  • ****
  • Posts: 335
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Organisms exhibit a diversity of behaviours, which include (clockwise from upper left), foraging and Organisms exhibit a diversity of behaviours, which include (clockwise from upper left), foraging and
Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Physical assessment is one component of the nursing database Physical assessment is one component of the nursing database
Upper Paleolithic stone tools include blade-based tools as seen here being produced from a blade cor Upper Paleolithic stone tools include blade-based tools as seen here being produced from a blade cor
Jerry Uelsmann, Untitled (rock component). Jerry Uelsmann, Untitled (rock component).
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Video: Cellular Respiration & Glucose Mobilization (Glucose transport & Phosphorylation of Glucose)

For a complete list of videos, visit our video library