Piece rate pay is
a. Compensation per dollar of profit of the company
b. Compensation per dollar of profit of the division
c. Compensation per piece a worker produces
d. Compensation per dollar of sales
c
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A corporation's earnings are
a. the amount of revenue it receives for the sale of its products minus its costs of production as measured by its accountants minus the dividends paid out. b. the amount of revenue it receives for the sale of its products minus its direct and indirect costs of production as measured by its economists minus the dividends paid out. c. the amount of revenue it receives for the sale of its products minus its costs of production as measured by its accountants. d. the amount of revenue it receives for the sale of its products minus its direct and indirect costs of production as measured by its economists.
Which of the following statements is false?
A) A government with the power to tax can solve the free rider problem. B) A government with the power to tax can set a tax greater than the MEC when trying to change the market outcome into the efficient outcome. C) A government with the power to subsidize can set a subsidy greater than the MEB when trying to change the market outcome into the efficient outcome. D) Government can remove individuals from a prisoner's dilemma setting by changing the payoffs in the payoff matrix. E) none of the above