When an individual weighs her options and makes a choice that maximizes her benefit at the minimum cost, economists refer to this as a process of... rational decision making. You just studied 8 terms!
Answer:
Uh, of course I'm not at work! I brutally broke my back. Ouch.
Answer:
Efficiency wage theory
Explanation:
Efficiency wage theory was first postulated by Alfred Marshall, where he viewed compensation to workers as based on their efficiency.
Companies use efficient wage to reduce staff turnover, as staff are motivated to stay because of wages that are above the industry standard.
It is also a way to reduce cost mostly in industries where the cost of staff replacement is high.
Answer: Please refer to the explanation section
Explanation:
The question incomplete we are required to differentiate events that will shift the demand curve of Boston Lager to the left and events that will not shift the demand curve but the events are not provided in the question. however because it is clear what the question requires i will list Events that cause a shift in the demand curve and events that will not shift the demand curve.
events that will shift the demand curve of Boston Lager to the left
- Decrease in the price of Beer produced by Samuel Adams (competitor).
- Household income decrease
- Government raising the Tax on alcohol
events that will NOT shift the demand curve of Boston Lager
- Change in Price charge by Boston Lager. a change in the price of beer charged by Boston Lager will cause a Change in quantity of beers Demand which will be indicated by a movement along the demand curve but will not shift the demand curve