Answer:
pay a wage rate less than labor's MRP
Explanation:
A monopsonistic employer in an unorganized (nonunion) labor market will: "pay a wage rate less than labor's MRP"
The above statement is based on the idea that Monopsony is a market situation whereby a single buyer or firm is the only purchaser of a good or service, which in most cases has to do with the purchase of labor.
And given the fact that the firm is the sole purchaser of labor, where there is no labor union, there is a high tendency that such firm or employer pays a wage rate less than labor's marginal revenue productivity.
Answer: You decide to go to college probably because<em><u>"You value a year of college at more than $56,000"</u></em>
<em><u>Opportunity costs are the benefits an respective individual, leaves while determining to pick one alternative over another. </u></em>
So, you will attend college if you perceive value of attending college more than ($22,000 + $34,000)= $56,000
Answer:
The fed needs to purchase bonds worth $20 from the banks to increase money supply by $200.
Explanation:
The Federal Reserve wants to increase the money supply by $200.
The reserve requirement is 10%.
The fed can increase the money supply by purchasing bonds from commercial banks.
The money supply will increase by money multiplier times worth of bonds.
Increase in money supply =
$200 =
Worth of bonds =
Worth of bonds = $20
So the fed needs to purchase bonds worth $20 from the banks to increase money supply by $200.
Answer:
Answer is C
Explanation:
Key performance indicators are sets of quantifiable measures used to evaluate how effectively an organization is achieving its key organizational objectives.
The keyword here is "quantifiable".
Therefore, recording the percentage of help desk calls answered in the first minute helps to know just how effective the company is probably helping its customers have great experience or easy usage of its products or services by the number of customers calls answered to, or how effective the customer service is.
Answer:
Integration.
Explanation:
Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.
Thus, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.
The function of the HR manager that is concerned with employing people who possess the necessary skills, knowledge, and aptitude is known as integration. This is usually achieved through a recruitment process, which typically involves advertising a vacant position and accepting applications (resumes) from applicants who meet the minimum requirements.