answersLogoWhite

0

What else can I help you with?

Related Questions

What happens when wages are set above the equilibrium level by law?

Firms employ fewer workers than they would at the equilibrium wage.


How many are employed in the wrecking and demolition industry?

roughly 1,000 firms operate in this industry. These companies employ nearly 19,000 workers and secure more than $3.5 billion in sales. Many of these firms are small, family-owned companies


Where do most of the people in the securities field work?

brokerage firms employ the majority of the workers in this industry. Headquarters for these firms are located in New York City, where most of the executives and support personnel work. Mutual fund management companies and regional brokerages


What mechanism should be put in place to retain competent workers?

Some firms use the bonus system to reward their workers according to their skill level and competency. Factories sometimes employ the piece work system. IE the more productive a worker is, the more he is paid.


Firms will employ an input up to the point where?

The input's price equals its marginal revenue product


Efficiency wage model firms tend to pay workers?

no.


How does spelization by workers benefit the firms employing them?

Workers who specialize become more efficient and thereby increase productivity.


Which of these is not an example of services provided by government to business firms?

workers for their factories


Which is not an example of services provided by government to business firms?

workers for a factory


How fragmented was the miscellaneous service machinery industry?

The miscellaneous service machinery industry is extremely fragmented and is dominated by relatively small, specialty manufacturers. Nearly all of the 1,165 firms operating in 2001 employed fewer than 100 workers.


When relationship between the wage and the quantity of labor that all firms are willing to employ is called?

the individual labor supply


What percentage of American business firms are incorporated?

20 percent