Incentives are an important aspect to determine whether multiple tasks should be combined into one job or not. How can monetary incentives help and/or hinder the process of getting a job done, particularly if it is made up of several tasks?
What will be an ideal response?
Monetary rewards tied to the completion of the entire job should help in getting the job done. However, if monetary incentives are aimed only at the tasks that are easier to measure, the employee will be motivated to spend more time or effort on that subset of tasks. Other tasks may be neglected and the job may not be performed effectively.
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Paper Pushers Inc. hires workers in a competitive labor market. Apart from labor, the company has no other variable inputs. The company's hourly output varies with the number of workers hired, as shown in the table. WorkersPages/hour0014027531054125514061507155 As Paper Pushers Inc. hires more workers each hour, the marginal product of labor ________.
A. decreases B. decreases and then increases C. increases D. remains constant
he long-run aggregate supply curve is the relationship between the quantity of real GDP supplied and ________ when ________.
What will be an ideal response?