The theory of efficiency wages Why might some firms voluntarily pay workers a wage above the market equilibrium, even in the presence of surplus labour? Check all that apply. Paying higher wages can reduce a firm's training costs. Paying higher wages tends to reduce the average experience level of a firm's workers. Paying higher wages increases worker tumover. Paying higher wages helps workers to be healthier in some developing countries.

Answers

Answer 1

Some firms voluntarily pay workers a wage above the market equilibrium to reduce training costs and help workers be healthier in some developing countries.

The theory of efficiency wages suggests that firms may choose to pay wages above the market equilibrium for several reasons. Firstly, by offering higher wages, firms can attract a more skilled and motivated workforce, reducing the need for extensive training programs and associated costs. This helps in reducing the firm's training expense .

Secondly, paying higher wages can improve the health and well-being of workers, particularly in developing countries where access to healthcare may be limited. By offering higher wages, firms can enhance the living standards of their employees, leading to better health outcomes and potentially reducing absenteeism.

On the other hand, paying higher wages does not tend to reduce the average experience level of a firm's workers. In fact, higher wages can attract more experienced and skilled individuals, increasing the overall experience level within the firm.

Additionally, paying higher wages can act as a deterrent to worker turnover. When firms offer wages above the market rate, employees are less likely to leave for better-paying opportunities elsewhere, thereby reducing turnover and the associated costs of hiring and training new workers.

To summarize, firms may voluntarily pay higher wages to reduce training costs and promote better health outcomes, while also potentially minimizing worker turnover.

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Related Questions

3) Bill weighs 220 pounds and is losing 4 pounds each month. Phil weigh 250 pounds and is losing 10 pounds each month. How many months, m, will it take for Bill to weigh the same as Phil? How much will they weigh?

Answers

5 months and 200 pounds

4x5 = 20

220-20

200

10x5 = 50

250-50

200

how evade taxes pls tell me how to evade taxes i am only nine years old and need not pay taxes cause i hate taxes, taxes are for nerds

Answers

Answer:

you simply cease to do your legal documentation

Explanation

you dont have taxes until u have a job

what is stock exchange?​

Answers

It is a place where shares of pubic listed companies are traded.A stock exchange facilitates stock brokers to trade company stocks and other securities. A stock may be bought or sold only if it is listed on an exchange. Thus, it is the meeting place of the stock buyers and sellers

Sally earns $3200 per month. If 6.2% is withheld for Social Security and 1.45% is withheld for Medicare, how much is withheld for FICA tax each month? Round your answer to the nearest cent, such as: $328.13.

Answers

Answer:

$244.8

Explanation:

Calculation for how much is withheld for FICA tax each month

FICA tax =($3200 per month*Social Security 6.2%)+($3200 per month*Medicare 1.45%)

FICA tax =$198.4+$46.4

FICA tax =$244.8

Therefore how much is withheld for FICA tax each month is $244.8

Marcus James was paying $950 per year for full coverage under an auto insurance policy and then decided to change to a liability coverage only policy that cost $650 per year. Three years after changing the coverage, Marcus paid $1,400 to repair damages to his car resulting from an accident that did not involve another vehicle. What was the net cost or savings to Marcus as a result of reducing his insurance coverage to liability only?​

Answers

He saves 3600 a year, - the 1400 he saved 2200

What is Gravitational law and how yo solve it​

Answers

Explanation:

I believe this is what you are asking for, Newton's law of gravitation.

The law of Newton's universal-gravitation states that every particle will attract every other particle in the universe. The force that attracts this is a force that is directly proportional to a product of the mass.

For both articles, what can you tell me about the values of Harvard and Entrepreneur?

Answers

The article referenced is "If you want to be an entrepreneur, don't go to Harvard.

What are the values of the Harvard Graduate viz a- viz that of the Entrepreneur?

Regardless of the size of the organization, "Core Values" should be prioritized. Values direct the path of business, influencing strategy and decision making. Essentially, basic principles serve as the foundation around which we develop our firm. Core Values provides several advantages to the firm.

Students at Harvard have access to classes, research institutions, and faculty mentors from around the university. It's the ideal location to explore your favorite and yet-to-be-discovered academic interests, with world-renowned teachers, cutting-edge resources, and personalized training.

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An employee earns $5,750 per month working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128,400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The employee has $208 in federal income taxes withheld. The employee has voluntary deductions for health insurance of $176 and contributes $88 to a retirement plan each month. What is the amount of net pay for the employee for the month of January? a. $5,207.b. 53.c. $5,296.70.d. $5,158.32.e. $4,826.22.f. $4,875.42.

Answers

Answer:

$4838.5

Explanation:

We can calculate the amount of net pay for the employee for the month of January by deducting all the monthly expenses from the employee's monthly salary which is $5,750.

Wages Per Month                                 $5,750

Less:

Federal Income Taxes Withheld         $208

FICA Social Security                             $356.5

FICA Medicare                                      $83

Health Insurance                                  $176

Retirement Plan                                 $88

Net Pay for the employee                 $4838.5

Woeking

FICA(social security) = 5,750 x 6.2% = 356.5

FICA(Medicare) = 5750 x 1,45% = 83

Please someone solve this as soon as possible thank you it’s music class

Please someone solve this as soon as possible thank you its music class

Answers

I can certainly help you with your music class assignment. However, I'll need more information about the specific task or topic you would like me to address.

Music is a broad subject, and there are numerous aspects and areas that can be discussed within 150 words.

For instance, if you provide me with a particular music theory concept, composer, musical genre, or historical period you'd like to explore, I can assist you in creating a concise and informative paragraph within the word limit.

Alternatively, if you have a specific question or prompt related to music, please provide that as well, so I can tailor my response accordingly.

Rest assured, I will provide you with original content, free from plagiarism, as the information generated by is based on a mixture of licensed data, data created by human trainers, and publicly available data.

I will strive to assist you promptly and ensure the content is relevant to your music class.

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What are some examples of companies providing consumers with goods?

Answers

Answer:

is this a multiple choice question?

Explanation:

what is not a key difference between self-employed people and entrepreneurs? group of answer choices when a self-employed person retires or quits, the business generally closes; an entrepreneur's company continues even if the entrepreneur dies or moves on. the self-employed are experts who do much of the work themselves; entrepreneurs realize they can't do everything themselves, so they hire and delegate responsibilities to people they trust. self-employed people can incorporate or organize as sole proprietors; entrepreneurs have a broader set of legal requirements, along with insurance and tax considerations. self-employed people have broad aspirations aimed at influencing industries and markets; entrepreneurs are more focused on operating a business in a specific geographic area and market. self-employed people tend to work virtually and avoid taking risks; entrepreneurs tend to take risks, and they think on a global scale.

Answers

The primary distinction between self-employed people and entrepreneurs is that the former are more focused on particular geographic area while the latter are more interested in impacting industries and markets.

Marketing is the term used to describe the activities a business engages in to encourage the purchase or sale of a good or service. Delivering goods to customers or other businesses includes marketing activities like advertising and sales. Affiliates will occasionally carry out marketing for a business.

Employees in a company's marketing and promotion divisions aim to attract the attention of key target populations through advertising. Promotions are aimed at certain demographics and may include celebrity endorsements, memorable slogans or taglines, eye-catching packaging or graphic designs, and general media exposure. The new Starbucks in South Africa's cups bear a branding that is connected to the marketing mix's promotion component.

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When would you include an executive summary in a report?

Answers

Answer: Is B. When the report is 30 Pages long

Explanation: because I know

How many days does the pay stub cover?

Answers

Answer:

Pay stubs are usually an extent of 30 days which is a month.

As a business owner, Marlon analyzed the economy to determine if it is a good time to open a new shop. What facts probably helped him realize that it is a good time do it?

Low unemployment rate and prices are rising slowly

High unemployment rate and prices are rising quickly

Few homes are being sold and restuarants are closing

Prices aren't changing and factories are shrinking

Answers

As a business owner, Marlon's decision to open a new shop would have been influenced by several economic factors. The two factors that probably helped him realize that it is a good time to do so are the low unemployment rate and slowly rising prices. These indicators suggest a stable economy with a healthy labor market and a controlled inflation rate. The correct option is a.

A low unemployment rate implies that there is a high demand for labor, which means that consumers have purchasing power to support businesses. In addition, low unemployment rates tend to increase consumer confidence, which can translate into higher spending and revenue for businesses. The slowly rising prices also suggest that inflation is under control, which means that consumers are not feeling the pinch of increasing costs of goods and services. This can lead to increased spending and growth in the economy.

On the other hand, the other options presented in the question, such as high unemployment rates and quickly rising prices, few homes being sold, and restaurants closing, indicate a weak or declining economy. High unemployment rates and quickly rising prices can result in decreased consumer confidence and lower spending, which can be detrimental to businesses. Few homes being sold and restaurants closing are also signs of a weak economy with decreased demand.  The correct option is a.
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CS Company has a profit margin of 17%. Sales are $326,000, net operating income is $55,420, and average operating assets are $125,000. What is the company's return on investment (ROI)?
a) 2.6
b) 17.0%
c) 44.3%
d) 0.4

Answers

CS Company has a profit margin of 17%. Sales are $326,000, net operating income is $55,420, and average operating assets are $125,000. The company's return on investment (ROI) is option c) 44.3%

Return on investment (ROI) is a measure of the earnings of an investment, as a percentage of the amount invested. ROI can be computed as follows:ROI = Net Operating Income / Average Operating AssetsSince CS Company's profit margin is 17%, the net operating income can be found by:Net Operating Income = Profit Margin × SalesNet Operating Income = 0.17 × 326,000Net Operating Income = $55,420Given that the average operating assets are $125,000, the ROI for the company is:ROI = $55,420 / $125,000ROI = 0.443 × 100%ROI = 44.3%

Therefore, the correct answer is c) 44.3%. This indicates that for every dollar invested in the company, the company earns 44.3 cents.

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A free trade zone is an area where Group of answer choices black market trade is carried out under government supervision the normal trade laws of a country such as tariffs, bureaucratic requirements, and quotas are eliminated in hopes of stimulating foreign trade and industry ideas are exchanged in an academic setting to increase the academic activity of the country large open markets are set up in poor countries for the exchange of international currencies people bring agricultural products for trade and barter

Answers

Answer:

the normal trade laws of a country such as tariffs, bureaucratic requirements, and quotas are eliminated in hopes of stimulating foreign trade and industry

Explanation:

A free trade zone area is an area where goods are imported or exported without being subjected to the normal trade laws such as tariffs, bureaucratic requirements, and quotas are eliminated in hopes of stimulating foreign trade and industry.

the aim of a free trade zone is to increase and stimulate foreign trade

Advantages of a free trade zone area

1. it increases efficiency

2. it encourages competition. As a result of not restricting import, domestic product have to compete with foreign goods

3. it allows countries to specialise in the production of goods for which they have a comparative advantage

What is the SNAP food program governed by the farm bill
stamps
magnet
O paperwork
card

Answers

Answer:

The Supplemental Nutrition Assistance Program (SNAP) helps families, older adults, and individuals pay for groceries. ... SNAP benefits provide food security, stimulate local economies, and support farmers and the agriculture industry through the purchases of Pennsylvania-grown and processed foods.

Explanation:

Owners of coffee plantations in the country of Cantonica grow their own coffee beans and supply them to various stores and restaurants all over the country. There are many plantation owners supplying to a huge number of companies, and they are typically unable to differentiate their products from one another. They also do not have the power to fix their own prices in the industry. In addition, these suppliers can only achieve competitive parity and not a competitive advantage. Thus, the coffee bean industry in Cantonica best illustrates a(n) ________ structure.

Answers

Answer:

Perfectly competitive structure

Explanation:

Based on the information we can say that the coffee bean industry in Cantonica best illustrates a(n) PERFECTLY COMPETITIVE structure reason been that this type of competitive structure companies can easily produce their own products and as well supply this product to different stores which makes them to have many small firms .

Secondly PERFECTLY COMPETITIVE structure allow owners of plantation to easily supply their product to different companies which which makes it hard for people to easily differentiate these products from one another.

Thirdly in PERFECTLY COMPETITIVE structure the firm involve have little or no right to increase the price of the product.

Therefore the coffee bean industry in Cantonica best illustrates a(n) PERFECTLY COMPETITIVE structure .

what is the primary benefit of effective internal control in an organization?

Answers

The primary benefit of effective internal control in an organization is to help safeguard the organization and further its objectives.

Internal controls are policies and procedures established by a corporation to guard against fraud, encourage responsibility, and guarantee the accuracy of financial information. Every company's internal controls are different and are created based on the size and structure of the organization.

To achieve business goals and safeguard the company's interests, internal controls must be effective and efficient. Internal controls not only minimize the occurrence of needless expenses or efforts but also address dangers to the business. To establish order and protocol within a firm, internal controls offer coherence and uniformity.

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Write about the Market overview and forecast for commercial
properties in Brisbane city.

Answers

Brisbane city is the third largest city in Australia and has a significant impact on the country's commercial property market. This article will look at the market overview and forecast for commercial properties in Brisbane city.

Demand and Supply Overview : Commercial real estate in Brisbane has been experiencing steady growth due to the high demand for properties from local and foreign investors. The demand for commercial property is being driven by the growth of the population, increasing employment opportunities, and an attractive business environment.Brisbane's property market has shown strong performance, with an increasing number of developments taking place, especially in the central business district (CBD). The market has also been impacted by infrastructure development and upgrading of transport links, which has boosted the demand for commercial property. For example, the Cross River Rail project, which is currently under construction, is expected to enhance public transport and ease traffic congestion in Brisbane city.

Forecast for Commercial Properties in Brisbane City: The forecast for commercial properties in Brisbane city is positive. It is expected that the market will continue to grow, and there will be more investment in the sector. This growth is mainly attributed to the following factors;

More Significant investment in infrastructure: Brisbane's city continues to invest in infrastructure, including upgrading transport links, which will boost the city's economic growth. This is expected to increase the demand for commercial property, particularly in the CBD, where most of the development is taking place.

Rental growth: The rental growth in the city's commercial property market is expected to increase, driven by a growing population and increased employment opportunities. Additionally, the city's economic growth will encourage local and foreign investors to invest in commercial property in Brisbane.

Limited Supply: There is limited supply of commercial property in the city due to strong demand and increasing interest from foreign investors. This will push up the prices of commercial properties, especially in prime locations, making the market attractive for investment.

In conclusion, the market overview and forecast for commercial properties in Brisbane city are positive. The growth of the population, the development of infrastructure, and the limited supply of commercial property are expected to drive demand and rental growth in the city's commercial property market. As a result, local and foreign investors are expected to continue to invest in the city's commercial property market.

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how do people progress in a business?​

Answers

Answer:

with the proper leadership skill and hard work

Have a clear plan of what they want to achieve and how they will achieve it with perseverance and hard work

Consider the age of the car and the total amount that has been spent on maintenance since the car was purchased. What would one expect to be the association between the​ variables?

Answers

The association between the age of a car and the total amount spent on maintenance since its purchase can vary and is influenced by several factors. In general, one would expect a positive association between these variables.


As a car gets older, it is more likely to require additional maintenance and repairs due to wear and tear, potential mechanical issues, and the aging of its components. Older cars may also be more susceptible to breakdowns and may need more frequent maintenance to keep them in good working condition. Consequently, the total amount spent on maintenance tends to increase as the car's age increases.

However, it is important to note that the association may not be entirely linear or consistent for all cases. The specific condition of the car, its make and model, maintenance history, and the driving habits of the owner can all influence the maintenance costs. Additionally, well-maintained older cars may still have lower maintenance costs compared to poorly maintained newer cars.

Therefore, while a positive association is generally expected between the age of a car and the total amount spent on maintenance, it is essential to consider individual circumstances and factors that can influence this relationship.


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What is a plan for how much to spend and how much to save of ones earnings called?
A. a wish list
B. a personal budget
C. a saving account
D. an investment portfolio

Answers

The answer is c hoped this helped

The Fort Worth city council approved and adopted its budget for FY 2017. The budget for the General Fund contained the following amounts: Estimated revenues $1, 900,000 Appropriations 1, 860,000 Authorized transfer to the debt service fund 30,000 When the General Fund budget for FY 2017 is recorded, indicate whether each of the following accounts should be debited (D), credited (C), or is not affected (N)._____1. Estimated revenues_____2. Budgetary Fund balance_____3. Appropriations _____4. Estimated other financing uses _____5. Expenditures

Answers

General Fund Budget for FY 2017, will indicate the following accounts as:

Estimated revenues (D) debitedBudgetary Fund balance (D) debitedAppropriations (C) creditedEstimated other financing uses (C) creditedExpenditures (N) not affected.

A budget is an estimate of income and spending for a given future period of time that is often created and reviewed on a regular basis. Any organisation that wishes to spend money, including enterprises and governments, as well as individuals and households of any economic level, may create a budget.

Budgeting is essential if you want to control your monthly spending, be ready for life's unforeseen occurrences, and be able to buy expensive products without falling into debt. It doesn't have to be tedious, you don't have to be excellent at maths, and keeping track of your income and expenses doesn't mean you can't buy the items you want. It simply implies that you'll be aware of where your money is going and have more influence over.

A budget illustrates the trade-off made when one product is substituted for another in terms of microeconomics. A surplus budget indicates that profits are anticipated, a balanced budget indicates that revenues are projected to equal costs, and a deficit budget indicates that spending will outpace revenues in terms of the bottom line—or the outcome of this trade-off.

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What is TRUE about non-depository financial institutions?

Answers

Non-Depository financial institutions are those institutions that provide various financial assistance. These institutions serves as an intermediaries between borrowers and savers. ... The non-depository financial institutions include commercial banks, credit unions, and saving banks. Therefore, option D is correct

Poitioning" i a marketing management aid that refer to: _________ A. How cutomer think about propoed and/or preent brand in a market

Answers

Positioning is a marketing management tool that describes how consumers perceive existing and/or potential brands in a certain market. So, the suitable option will be option (a).

Give a brief account on marketing management.

Marketing management applies economics and competitive strategy techniques to analyze the business environment in which the organization works. Marketers use SWOT analysis to focus on the relative competitive strengths and weaknesses of each competitor in the market as they create extensive profiles of each competitor. Marketing managers will look at each rival's cost structure, profit sources, assets, and capabilities as well as its competitive positioning, product differentiation, level of vertical integration, past responses to market changes, and other elements.

Market and marketing research are frequently conducted by marketing management in order to undertake marketing analysis. Although there are many techniques used by market researchers, the following are some of the most common ones :

Focus groups and different kinds of interviews are examples of qualitative marketing research.statistics surveys are examples of quantitative marketing research.experimental methods, including test marketsTechniques of observation like ethnographic (on-site) observation

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The complete question is mentioned below :

"Positioning" is a marketing management aid that refers to:  ______

A) how customers think about proposed and/or present brands in a market.

B) a product's ability to provide both immediate satisfaction and social responsibility.

C) how a firm approaches customer relationship management.

D) a firm's ability to distribute products through intermediaries who are in the right position to reach target customers.

E) all of these alternatives are true.

Bond P is a premium bond with a coupon rate of 9 percent. Bond D has a coupon rate of 5 percent and is currently selling at a discount. Both bonds make annual payments, have a YTM of 7 percent, and have 10 years to maturity.


a. What is the current yield for Bond P and Bond D? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

b. If interest rates remain unchanged, what is the expected capital gains yield over the next year for Bond P and Bond D?

Answers

Answer and Explanation:

The computation of the current yield for the bond P and bond D also the expected yield with related to the capital gain for the bond P and bond D should be shown in the attachment without changing the rate of interest. There are two attachments one is of final values and the other ones is of the formulas used

Bond P is a premium bond with a coupon rate of 9 percent. Bond D has a coupon rate of 5 percent and is
Bond P is a premium bond with a coupon rate of 9 percent. Bond D has a coupon rate of 5 percent and is

What is the structure of Public corporation

Answers

Public corporate structures are managed by a board of directors. The members of the board are from all walks of industry and commerce. The chairmen of these corporations are appointed by the government. The entire capital is financed by the government.

Also known as the historical cost principle, ________ states that everything the company owns or controls (assets) must be recorded at their value at the date of acquisition.

Answers

Also known as the historical cost principle, the cost principle states that everything the business owns or controls (assets) must be recorded at their value at the date of purchase. The cost principle is an accounting principle that demands assets, liabilities, and equity investments to be recorded in financial chronologies at their actual cost.

The cost principle requires that assets be recorded at the cash amount (or equal) at the time the asset is purchased. Further, the recorded amount will not be increased for inflation or modification in market value. The cost principle means that a long-term asset bought for $50,000 of cash would be recorded at $50,000 only. If the same asset were bought for a down payment of $20,000 and a formal promise to be paid $30,000 within a suitable period and with an appropriate interest rate, the asset would also be recorded at $50,000.

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help quick!

According to the video, which qualities do Insurance Underwriters need? Check all that apply.
O communication skills
O customer service skills
Ocomputer skills
Oknowledge of sales strategies
Oan outgoing attitude
O a background in finance

Answers

Answer: 1 3 6 or A C F

Explanation:

I just did it on the edge

Answer:

ACF

Explanation:

got it correct on Edge 2020

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