Examples of incentive pay include
a. allowing employees a certain number of personal days
b. royalties to textbook authors
c. cleaning the worksite with weekly janitorial service
d. offering a certain number of sick days
b
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The price elasticity of demand for a variable input will be more elastic in all the following cases EXCEPT
A) the greater the price elasticity of demand for the final product. B) the easier it is for a particular variable input to be substituted for by other inputs. C) the larger the proportion of total costs accounted for by a particular variable input. D) the shorter the time period being considered.
In the market for professional basketball,
a. pro basketball teams are the suppliers and pro basketball players are the demanders b. pro basketball players are the suppliers and basketball fans are the demanders c. pro basketball players are the suppliers and pro basketball teams are the demanders d. pro basketball teams are the suppliers and basketball fans are the demanders e. basketball fans are the suppliers and pro basketball teams are the demanders