According to the marginal productivity theory of income,
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2.
Scenario: In academia, professors in some disciplines receive higher salaries than others. For example, professors teaching in business schools receive higher salaries than professors in the English department. Suppose in Unity College, assistant professors in the business school earn $Wb while assistant professors in the English department earn $We < Wb. Now suppose the government passes comparable worth legislation that requires academic institutions to pay all faculty the same salaries.
Following the passage of comparable worth legislation, Unity College responds by placing salaries at $Wabetween the two existing salaries. Which of the following is the result of the legislation?
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Question 3.
Question :
Suppose a competitive firm is paying a wage of $12 an hour and sells its product at $3 per unit. Assume that labor is the only input. If, hiring another worker would increase output by three units per hour, then to maximize profits the firm should
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Question 4.
Question :
Table 16-2
Refer to Table 16-2. The marginal profit from hiring the second unit of labor is
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Question 5.
Question :
Worker discrimination occurs when
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Question 6.
Question :
The marginal revenue product of capital is
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Question 7.
Question :
Which of the following is a reason why some firms donot use commission pay?
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Question 8.
Question :
Which of the following statements about commission systems of compensation is false?
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Question 9.
Question :
Which of the following is a reason why it is difficult to estimate the extent of economic discrimination in the labor market?
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Question 10.
Question :
An increase in the supply of capital, which is a complement to labor, will lead to
Solution: Kaplan University MT445 unit 6 quiz