12. When are hourly rates preferred to piece rates? A) B) C) D) when it is diffi

Question

12. When are hourly rates preferred to piece rates? A) B) C) D) when it is difficult to measure output when employees demand it when wage equality isn't very important when one person is much better than the rest 33. With a tax on producers, supply A) increases. B) decreases. C) remains in the same location. D) shifts in an indeterminate direction 34. All relevant information about the use of a good is captured A) by a central planner B) in its price C) by the Federal Trade Commission. D) in its quality level. 35. Payment based on luck is A) not a good compensation scheme. B) sometimes a good compensation scheme. C) often a good compensation scheme. D) a perfect compensation scheme. MR-ATR ATC AFC AVC

Explanation / Answer

32. A

Explanation; When the output cannot be measured properly, We cannot determine the number of pieces produced at a given time. So, the hourly rate is preferred.

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