Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506725
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Question
Chapter 26, Problem 10CQ
(a):
To determine
Impact of compulsory 8 hour early hours shift on hourly earnings.
(b):
To determine
Impact of splitting working hours on hourly earnings.
(c):
To determine
Impact of child care services on hourly earnings.
(d):
To determine
Impact of prestigious status of job on hourly earnings.
(e):
To determine
Impact of changing cities on hourly earnings.
(f):
To determine
Impact of out-of-town travel on hourly earnings.
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Chapter 26 Solutions
Economics: Private and Public Choice (MindTap Course List)
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Similar questions
- Other things constant, which of the following job characteristics would be most likely to result in a higher pay rate for the job? a.The job involves working in pleasant surroundings. b.The job is widely viewed as prestigious. c.The job requires substantial amounts of stressful out-of-town travel. d.The employer provides low cost child-care services on the premises.arrow_forwardWilson is injured on the job when a forklift tips over and falls on him. His boss knew the forklift was in disrepair and dangerous but allowed the forklift to be used. Can Wilson collect worker’s compensation benefits? Can Wilson sue his employer for negligence?arrow_forwardsuppose you are hiring a worker for your firm. you advertise a position for $50,000, but an applicant offers to work for 40,000. Should you jump to this offer?arrow_forward
- When would you see the greatest gain if there is a compensating differential built into your salary? The differential is for a negative risk that you care about more than most people do. The differential is for a large negative risk that you don't care about as much as most people do. The differential is for a positive job aspect that you don't care about as much as most people do. The differential is for a slightly positive job aspect that you care about more than most people do.arrow_forwardWhat would be the impact of rational self-interest on your decision whether to attend college fulltime or enter full-time work force?arrow_forwardAn efficiency wage premium is a good way for a firm to reduce shirking if A. the cost of the higher wage is less than the value added from increased productivity. B. the cost of monitoring the employee is very low. C. the fired employees due to shirking can easily find a job with the same high wage premium. D. the employees are concerned that the firm may lay them off for cost reduction.arrow_forward
- Discuss the difference between general training and specific training. Who pays for and collects the returns from each type of training?arrow_forwardThink of a job that either you or a friend/relative held that paid a wage that you thought was either unfair or inequitable compared to the wages or salaries of other positions within the business or within the wider business community. Answer the following questions in relation to that example. On what basis do you think the wage was set? I.e. What factors influenced how much the organization valued the role? Why did you think it was unfair? If there was an opportunity to be covered by a Union contract/agreement, do you think there would have been an increase/decrease in the wage? If you were the employer, what would cause you to increase the wage for that role? and finally, 5. Do you think that the wages/salaries of the main "jobs" in our society are allocated fairly? Provide an example of a role that you think is highly undervalued and explain why. For example, should CEOs and celebrities earn millions of dollars each year compared to child care workers or stay at home parents who…arrow_forwardWhen you are self-employed, you are responsible for— meeting the expectations or your employer, getting a paycheck from an employer, providing all of your own income and fringe benefits, ignoring the needs of your clientsarrow_forward
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