would we please help me with Q 38 , 39, 40,41,42 There is no consensus among eco
ID: 1189186 • Letter: W
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would we please help me with Q 38 , 39, 40,41,42 There is no consensus among economists about whether unions are good or bad for the economy Arnnie is the owner of a firm that produces bottled water in Washington state. There are many other firms in the area. Arnnie decides that if he pays his workers a wage higher than the going market wage, profits will increase Which of the following is a likely explanation for his decision? The higher the wage, the less often his workers will choose to leave his firm. The higher the wage, the lower will be the cost of obtaining needed supplies. The higher the wage, the more he can charge for his water All of the above are likely explanations for Arnnies decision. Mary Sue is the newly appointed CEO of a company that manufactures CD drives on an assembly line staff has told her that the output the firm produces, given the number of workers employed, indicates that some workers may be shirking According to efficiency wage theory, what should she do? pay all workers more than the equilibrium wage rate pay all workers below the equilibrium wage rate to make up for the loss from shirking make sure that workers are getting paid exactly the equilibrium wage rate None of the above is correct according to efficiency wage theory Efficiency wages increase frictional unemployment by keeping wages above equilibrium decrease frictional unemployment by keeping wages at equilibrium c. increase structural unemployment by keeping wages above equilibrium decrease structural unemployment by keeping wages at equilibrium True/False Indicate whether the sentence nr statement is Unemployment due to job search best classified as structural unemployment Frictional unemployment is different from unemployment arising from minimum-wage laws, mom. and efficiency wages because in tire former, workers are searching for the jobs that best suit them, while in the latter, workers are waiting for jobs to open upExplanation / Answer
38.Option (d) is correct option.
All of the above are likely explanations for Amnie's decision.
39. Option (c) is correct option.
Make sure that the workers are getting paid exactly the equilibrium wage rate.
40. Option (c) is correct option.
Efficiency wage increases structural unemployment by keeping wages above equilibrium.
41. The given statement is false because the unemployment due to job search is best classified as frictional unemployment.
42. The given statement is true.
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