If an additional dollar spent on monitoring would reduce shirking by 10 minutes, then the firm will increase the worker's wage by $1 if this caused
A) shirking to increase by less than 10 minutes.
B) shirking to decrease by more than 10 minutes.
C) shirking to decrease by less than 10 minutes.
D) monitoring to become unnecessary.
B
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Refer to the scenario above. A firm producing Good Y will continue production in the short run if total revenue exceeds ________
A) $25,000 B) $60,000 C) $85,000 D) $35,000
A ____________ is a gamble in which the expected value of the gamble is equal to 0.
Fill in the blank(s) with the appropriate word(s).
The Federal Trade Commission (FTC) was established to investigate unfair and deceptive business practices
a. True b. False Indicate whether the statement is true or false
According to adaptive expectations theory, expansionary monetary and fiscal policies to reduce the unemployment rate are:
a. useless in the long run. b. useless in the short run. c. ineffective on the price level. d. None of these.