Examples of incentive pay include
a. commission sales
b. providing onsite parking for employees
c. cleaning the worksite with weekly janitorial service
d. offering a certain number of sick days
a
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Which of the following most directly reflects the law of diminishing marginal utility?
a. After watching two football games, Terry decides to watch a third game. b. A sports fan enjoys watching Monday night football rather than going to the theater. c. After listening to three compact discs, Kim decides to go bowling rather than listen to a fourth disc. d. A musician receives the biggest ovation of the evening after playing the final number of a recital.
Each of the following, except one, would lead to a rightward shift of the labor supply curve in a particular industry. Which is the exception?
a. increased preference for this type of work b. increases in the demand for the good produced by labor c. increases in the size of the population d. reductions in the wage rates offered in alternative labor markets e. reductions in the costs of acquiring human capital