Kaplan University MT445 unit 6 quiz

Question # 00016281 Posted By: vikas Updated on: 05/27/2014 03:18 PM Due on: 06/21/2014
Subject Economics Topic Managerial Economics Tutorials:
Question
Dot Image

According to the marginal productivity theory of income,



Points Received:1 of 1
Comments:

 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?



Points Received:1 of 1
Comments:

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



Points Received:1 of 1
Comments:

Question 4.Question :

Table 16-2



Refer to Table 16-2. The marginal profit from hiring the second unit of labor is




Points Received:1 of 1
Comments:

Question 5.Question :

Worker discrimination occurs when



Points Received:1 of 1
Comments:

Question 6.Question :

The marginal revenue product of capital is



Points Received:1 of 1
Comments:

Question 7.Question :

Which of the following is a reason why some firms donot use commission pay?



Points Received:1 of 1
Comments:

Question 8.Question :

Which of the following statements about commission systems of compensation is false?



Points Received:1 of 1
Comments:

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?



Points Received:1 of 1
Comments:

Question 10.Question :

An increase in the supply of capital, which is a complement to labor, will lead to



Points Received:1 of 1
Comments:


Dot Image
Tutorials for this Question
  1. Tutorial # 00015732 Posted By: vikas Posted on: 05/27/2014 03:19 PM
    Puchased By: 2
    Tutorial Preview
    The solution of Kaplan University MT445 unit 6 quiz...
    Attachments
    Kaplan_University_MT445_unit_6_quiz.docx (63.83 KB)

Great! We have found the solution of this question!

Whatsapp Lisa