Other things constant, which of the following job characteristics would be most likely to result in a higher pay rate for the job?
a. The employer provides low cost child-care services on the premises.
b. The job requires substantial amounts of stressful out-of-town travel.
c. The job involves working in pleasant surroundings.
d. The job is widely viewed as prestigious.
b. The job requires substantial amounts of stressful out-of-town travel.
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Corporate governance involves the way in which
A) the government licenses corporations. B) a corporation is structured. C) the government nationalizes corporations. D) a corporation is subject to government regulations.
Refer to the table below. Suppose the perfectly competitive market for dairy products had a 40 percent chance of a high price of $3.00 and a 60 percent chance of a low price of $2.00. However, both Happy Cows and Free Cows have revised their probabilities and now believe that the probability of a high price of $3.00 is 80 percent and the probability of a low price of $2.00 is 20 percent. If the
managers of Free Cows want to maximize expected profit based on the new probabilities by how much will they change the quantity produced?
Happy Cows and Free Cows are two separate perfectly competitive dairy farms. The table above shows the respective firms' marginal cost at various production levels.
A) Free Cows will increase their production by 40 units.
B) Free Cows will decrease their production by 40 units
C) Free Cows will decrease their production by 20 units.
D) Free Cows will increase their production by 20 units.
Leveraging investments based on irrational expectations:
A. can lead to gradually deflating financial bubbles. B. is cited as a root cause of financial crises. C. explains the success of companies like Apple. D. All of these statements are true.
Economics studies the logic of choices made from among available possibilities
a. True b. False Indicate whether the statement is true or false