Monitoring is often used by firms in an attempt to decrease
A) shirking.
B) piece rates.
C) adverse selection.
D) signaling.
A
You might also like to view...
Happy Cows is a dairy farm that is currently earning $75,000 in economic profit. The managers of Happy Cows are considering adding a second dairy farm, which will generate an additional $30,000 in economic profit. It is economically sound for the managers of Happy Cows to add the second farm if, after accounting for the managerial diseconomies, the first farm's economic profits exceed ________.
A) $35,000 B) $30,000 C) $45,000 D) $25,000
A perfectly competitive firm has a random marginal cost with a 60 percent chance of a high marginal cost of $100 and a 40 percent chance of a low marginal cost of $90. What is the firm's expected marginal cost?
A) $94 B) $98 C) $92 D) $96
What do Keynesian economists believe that the expenditure multiplier is?
a. Less than one b. Equal to one c. Greater than one d. Can be greater or less than one
Workers expecting inflation will expect wage increases to be built into their wage contracts
a. True b. False Indicate whether the statement is true or false