Answer:
21 security workers
Explanation:
Calculation for how many security workers that was hire
First step is to calculate the amount earned by each employee
Amount earned=80 hours x $14
Amount earned=$1,120
Last step is to calculate how many security workers that was hire
Using this formula
Numbers of Security hired=Security workers labor cost /Amount earned
Let plug in the formula
Numbers of Security hired=$23,520/$1,120
Numbers of Security hired=21 security workers
Therefore the numbers of Security workers that was hired will be 21
Answer:
The efficient level of security is 4 hours of security.
The equilibrium may not be sustainable.
Explanation:
In order to calculate the efficient level of security we would Set MB=MC i.e. guard's wage for net benefit maximization.
Hence, 100/(1+S)=20
20*(1+S)=10
1+S=5
S=4
Therefore, 4 hours of security is needed
. The efficient level of security is 4 hours of security.
In the followig case Security guards is public good in this case, Public good is non-excludable and non-rivalrous. People cannot be stopped from using it without paying for it. Payment for security guard is voluntary. So, equilibrium may not be sustainable.
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Answer:
Motivation
Explanation:
<em>Motivation in work is when employees are incentivized due to their good performance</em>, this happens when they provide the company a greater value. There are two kinds of motivation:
- Internal: it includes emotions and thoughts, <em>in the exercise given this internal motivation is letting the team know that they are doing good</em>
- External: includes salary and work environment, <em>in the case given the bonuses are the external motivation</em>
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Answer:
Habit Loop
Explanation:
Habit Loop -
It is a type of loop , which runs in the brain of the human being , and functions to govern the habit , is referred to as habit loop .
The habit loop has three components , i.e. , reward , routine , and cue .
The proper knowledge of these components enables the person to have command of their habits and can easily remove the bad habits and inculcate the good ones .
Hence , from the given scenario of the question,
The correct term is habit loop .
