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kogti [31]
3 years ago
13

Suppose Jack Roper pays his employees $19.25 per hour at his organic rice packaging plant. He does this even though the market r

ate for this type of work is only $12.50 per hour. What economic explanation can you give for this?
Business
1 answer:
nydimaria [60]3 years ago
8 0

Answer:

In my opinion Jack believes in the efficiency wage theory. This theory states that an increase in wages will increase labor productivity, lower staff turnover and attract the best possible employees.

So when Jack increases his employees' salaries, their increased productivity will recoup the extra labor costs. At the end, Jack believes his profit will increase because of the higher wages he pays.

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2. Why do many employers fail to adequately socialize or orient their new hires to the organization?
frez [133]

Many employers fail to adequately socialize or orient their new hires to the organization because they are usually busy with and it takes lot of effort to do.

<h3>Who is an employer?</h3>

It should be noted that an employer simply means an individual who pulls resources together to achieve a goal. He's the owner of the business.

In this case, many employers fail to adequately socialize or orient their new hires to the organization because they are usually busy with and it takes lot of effort to do.

Learn more about employers on:

brainly.com/question/26463698

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2 years ago
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Answer:

Option C, Shows the decrease in unit cost as more of the same product is produced over time, is the right answer.

Explanation:

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Ainat [17]

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