Which of the following is a reason why some firms do not use commission pay?  It gives workers incentive to produce more. It increases firm profits. It is difficult to measure the output and attribute output to a particular worker. The best workers stay and less productive workers leave.

Q: Suppose that the firm you are working for has given you the following table (K is the level of…

A: The marginal product of labor (MPL) measures the change in output due to a change in quantity,…

Q: The demand for labor by a profit-maximizing firm is determined by: A. MPL = MC B. VMPL = MC C. MC =…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: The demand theory of discrimination focuses on which of the following? The demand for female labour…

A: The demand theory of discrimination states that discrimination occurs when despite the same…

Q: In general, different jobs pay different wages. One overarching reason is that different jobs have…

A: A wage is pay paid to representatives for work for an organization during a timeframe. Wages are…

Q: excess supply

A: Any good needs factors of production to produced. A major factor of production is labour(L). And the…

Q: The marginal cost of labor (MCL) is equal to what for a firm that operates in a competitive labor…

A: In a perfect competition market, Marginal cost of labor which is wages equals the value of the…

Q: waiters/waitresses are paid largely in the tips they receive from customers rather than in wages

A: Restaurant waiters and waitresses largely get wages in the form of tips. This is the process set to…

Q: CleanIt is a perfectly competitive, profit-maximizing trash collection firm. CleanIt hires workers…

A: A perfect market, sometimes known as an atomistic market, is defined by various idealizing…

Q: Color Tile Corp. is a profit-maximizing firm wanting to hire workers up to the point where the wage…

A: The tile company would hire where market wage equals market product.

Q: Unionization in the private workforce in the United States has increased exponentially since  WW II.…

A: The economies around the globe tend to have various entities, who all are involved in various…

Q: Explain four ways in which a firm might increase its profits by raising the wages it pays.

A: A firm hires workers and employees to serve their services at different levels of the production…

Q: Firm would hire 20,000 workers if the wage rate is $12 but will hire 10,000 workers if the wage rate…

A: In the firm A:At the wage rate, $12 the number of workers hired = 20000 workers.At the wage rate of…

Q: Which of the following was part of the Fair Labor Standards Act? which answer choice is it? A.…

A: The provisions of the Fair Labour Standards Act were establishment of a minimum wage, overtime pay,…

Q: Assume the labor market for loggers is perfectly competitive. How would each of the following events…

A: Perfect competitive market refers to the market in which the price remains the same is equal to…

Q: The demand for labor for a firm with market power in the output market equals ______.

A: A monopoly alludes to a firm which has a product with practically no substitute in the market.

Q: Explain the three main aspects of the isoprofit curve and how it is related to the market for…

A: The iso-profit curve illustrates a set of two or more variables that allow a company to make the…

Q: Labor demand becomes more elastic as the demand for the firm’s output a. becomes more elastic b.…

A: Answer - Need to find- Labor demand becomes more elastic as the demand for the firm’s output…

Q: Critically, provide four criticisms on the shortcomings of paying workers solely firm’s hiring and…

A: The minimum wage was established to help stabilise the post-depression economy and to protect…

Q: the Equal Employment Opportunity Commission (EEOC): is a federal agency established by the…

A: The Equal Employment Opportunity Commission refers to a group of people who works for the betterment…

Q: Short run labor demand (known as effective labor demand) is determined by what? The amount of…

A: In economics, we study how scarce resources are used by decision-makers to satisfy the unlimited…

Q: Brianne’s annual contribution to her union dues is $200. If her salary is $38,500, approximately…

A: Answer to the question is as follows:

Q: A measure of how sensitive the amount of labor firms will hire is to changes in the wage rate.

A: Explanation:  The physical property of labor demand is the quantitative relation of the…

Q: For each of the following determine the impact on the demand or the supply of labor and effect on…

A: Labor market is in equilibrium when supply equals demand. The equilibrium wage rate is the rate that…

Q: true or false Labor unions are organized primarily to help women who are expecting to go into labor…

A: Labor unions: Labor unions are the group of individuals that are working at the root level. These…

Q: Excess supply in terms of union labor means: Select the correct answer below: Firms will want to…

A: In the mentioned question we have been asked what will happen if in labor market there is excess…

Q: Which of the following describes the effect of the changes in the manufacturing labor market on the…

A: Factors of production are those inputs that are used by the producers, or manufacturers in the…

Q: Over the past 50 years, the percent of workers who are labor union members has fallen consistently.…

A: Labor unions are the groups of workers who have organized themselves in order to protect their right…

Q: Explain four ways in which a firm might increase its profits by raising the wages it pays sentence.

A: Efficiency wage theory depicts that the firm will operate more efficiently if it pays the higher…

Q: What happens when a firm does not agree to the wages the employees of a union demand? Select the…

A: In the mentioned question, we have been asked about the upcoming situation when the firm does not…

Q: Suppose a union successfully negotiates a wage rate for its members that is above the competitive…

A: Suppose a union successfully negotiates a wage rate for its members that is above the competitive…

Q: Describe several causes of imperfectlycompetitive labor markets and their effect on workersand…

A: Imperfect information in labor market leads to wage rates which are different than the equilibrium…

Q: ). Union leaders are in better position to bargain for higher wages if demand for labour is

A: To find : When do uniob leaders are in better position to bargain for wages.

Q: It is profitable to hire labor so long as the: MP is greater than wage a. MP is less than wage VMP…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Craft unions have typically been most effective in raising wage rates by:

A: The unions that were formed in the Britain and in US in the mid-19th century with a purpose of…

Q: According to the theory of efficiency wages,a. firms may find it profitable to pay above-equilibrium…

A: Theory of efficiency wages states that employees of your organization should be paid higher than the…

Q: or each of the scenarios in the following table, indicate the most likely reason for the difference…

A: There can be various reasons for difference in earning due to difference in efficiency or difference…

Q: Offering higher than equilibrium wages can be expected to  a)increase the cost of losing a job. b)…

A: When firm offer higher wage than the equilibrium wage, it will increase the cost of losing a job.

Q: Explain why employers often employ young females instead of young males

A: Mostly employers hire young female accountants or in sales department.

Q: Selling Price Workers Total Wage Rate Per Day Output $75 $20 1. 16 $75 $20 28 $75 $20 37 $75 $20 4…

A: The measure that depicts an extra amount of output that is being produced from utilizing one…

Q: Give three of explanations for how efficiency wages might work.

A: Efficiency wage is the concept which states that a worker increases his productivity with the…

Q: Why is a firm in a purely competitive labor market a wage taker? What would happen if it decided to…

A: A market environment in which a large number of independent sellers deliver similar goods is known…