A firm faces the following relationship between the real wage it pays and the effort exerted by its workers. The marginal product of labor for this firm is given by MPN = E (100 - N)/9
The firm will choose to pay a wage such that the effort level is A) 20.
B) 24.
C) 27.
D) 29.
C
You might also like to view...
Coffee Mug Pricing Manny's Merchandising can custom print logos onto coffee mugs. It sells it most popular style for $10 and has a marginal cost, including a blank mug and the printing, of $6 . Manny recently ran a diff-in-diff experiment and determined your demand elasticity is -5 . Should Manny raise or lower price?
Assume Alan's budget constraint is demonstrated by line A in the graph shown. Which of the following could cause Alan's budget constraint to change to line B?
A. The price of books could have decreased.
B. The price of books could have increased.
C. The price of movie tickets could have increased.
D. The price of movie tickets could have decreased.
The "greenhouse effect" is predicted to
a. lead to the next ice age. b. raise global temperature. c. pollute the oceans. d. break the edifice complex by the turn of the century.
Which of the following is not part of GDP?
A. purchases of new goods by households B. firms buying new machines C. the government buying new schools D. businesses paying bribes to government officials