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vivado [14]
3 years ago
15

According to​ salary, the average salary for a software engineer level III​ (a higher-level position in software design and​ imp

lementation) in the Silicon Valley area of California is​ $108,244. However, Google pays its level III software engineers an average salary of​ $124,258. Why does Google pay a salary higher than the equilibrium salary for equivalent positions in the same​ area?
Business
1 answer:
fenix001 [56]3 years ago
3 0

Answer:

Google acts according to the efficiency wage theory.

Explanation:

The efficiency wage theory states that if an employer increases the wage of his/her employees, they will be motivated and their productivity will increase. The increase in productivity should offset the increased labor costs. So the costs of higher wages should be recouped through increased productivity. Higher wages also reduce worker turnover, reducing hiring and training costs.

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Vera_Pavlovna [14]

Answer:

The answer would be PRICE SIGNALING

Explanation:

Price signaling may occur when consumers have  imperfect information about product quality. To infer quality, consumers may rely on previous experience or may use some of the product’s observable characteristics, such as  the product’s price. We examine the scenario whereby the firm can endogenously change  consumers’ beliefs about the product’s quality by altering both the price and quality of its product. Our main findings are that, in this type of setting, price signaling causes  the firm to raise its price, lower its quality, and dampen the degree to which it responds to cost shocks. If the cost of adjusting quality is sufficiently high, the dampening effect  is pronounced in the downward direction, meaning that price signaling  causes prices to  respond less to cost decreases than cost increases.

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3 years ago
Which of the following is a benefit of increased levels of education?
aalyn [17]
I think the answer is C
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2 years ago
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son4ous [18]
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3 years ago
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Aleksandr [31]

Answer:

intermediate and long-range capital improvement plans for general capital assets

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Capital budgeting in domain of finance

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