Answer:
both (a) and (b) are true
That is:
a. job one pays less per day but more per hour.
b. job three pays more per day and more per hour.
Explanation:
An indifference curve is one that shows all combinations of a good or activity that gives the same level of satisfaction to the consumer, and so the consumer is indifferent.
In this instance the worker is indifferent between job one lasting 4 hours a day, job two lasting 8 hours a day (pays $10 an hour), and job three lasting 12 hours a day.
For the worker to be indifferent job one must pay more per hour and less per day. Whole job 3 wi pay more per day and more per hour.
Answer:
A. is paid by firms who can't directly monitor the work effort of their employees
Explanation:
The efficiency wage refers to a wage that is greater than the equilibrium wage which firms pay to employee voluntarily in order to bring about higher productivity and profits.
The efficiency wage is usually paid in order to avoid "shirking" (screwing around) when it is not possible for firms to directly monitor the work effort of their employees.
Screwing around implies wasting time by enganging in unproductive activity.
Therefore, the theory of effiiciency wage predicts that amployees are motivated to harder ans smarter when they are paid an efficiency wage when it is not possible for firms to directly monitor the work efforts of the employees.
Answer:
The answer is a.
Explanation:
I can safely say that in order to have an exact value of an average of $ 700, it is because an initial survey had to be made of people in 50 condominiums that allowed finding several sample means and finally finding the total sample mean, this data allows determining an exact average of reliable values supplied by respondents in the sample.
Answer:
science, technology, engineering, mathematics
