2. Henry Ford once said: It is not the employer who pays wageshe only handles the money....

Question:

2. Henry Ford once said: “It is not the employer who pays wages—he only handles the money. It is the product that pays wages.” Explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Microeconomics

ISBN: 9780324319163

4th Edition

Authors: N. Gregory Mankiw

See More Books

Question Posted: Nov 04, 2024 08:00 AM

See More Questions

Consider two polluting firms with cost functions C j (x j ,e j ). The inverse demand function is P(X). Firms engage in negotiations about the permit allocation and a transfer price in a first stage...
What are the three most important task factors leading to cumulative trauma disorders?
Blue Skies Aviation is a manufacturer of small single-engine airplanes. The company is relatively small and prides itself on being the only manufacturer of customized airplanes. The companys high...
2. Henry Ford once said: It is not the employer who pays wageshe only handles the money. It is the product that pays wages. Explain.
The apparatus shown here is used to measure the vapor pressure of ethylene diamine. The system is loaded with pure ethylene diamine and the bath is adjusted to each of several known temperatures. The...
Question 8 What type of contract will cover the following characteristics: Good for the owner; financially Lump sum will have additional risk involved by the contractor thus increasing the cost Good...
3. Give two examples of events that could shift the supply of labor.
3. Show the effect of each of the following events on the market for labor in the computer manufacturing industry. a. Congress buys personal computers for all American college students. b. More...
Consider n independentobservationsofarandomvariable Y that hasskewnesscoefficient S = E(Y )3~3. (a) Showhow E(Y )3 relates to E(Y )3. Based on this,showthattheskewnesscoefficient for...
Please answer all Brandlin Company of Anaheim, California, sells parts to a foreign customer on December 1, 2015, with payment of 16,000 korunas to be received on March 1, 2016. Brandlin enters into...
Select a diverse organization with powerful leadership and follow the guidelines below: Briefly describe the organization and the main leadership. Describe how the leadership is developed for...
Learned Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $5.70 Direct labor $3.95 Variable manufacturing overhead $1.55 Fixed manufacturing overhead...
Go to the Product Line worksheet, which lists three wind turbines that Four Winds Energy produces and sells. Madhu wants to find the product mix that generates the most net income for the company....
Nine employees are currently working on two teams. Al, Amber, Abha, and Andy make up Team A. Bai, Bart, Bill, Barb, and Becky make up Team B. The employees must be re-assigned to three teams of three...
A 224- resistor and a 589- resistor are connected in series across a 90.0-V line. (a) What is the voltage across each resistor? (b) A voltmeter connected across the 224- resistor reads 23.8 V. find...
In what ways does a well-designed enterprise search software vary from popular search engines (e.g., Bing, DuckDuckGo, and Google)?

2. Henry Ford once said: It is not the employer who pays wageshe only handles the money....

Question:

Step by Step Answer:

Principles Of Microeconomics

Students also viewed these Business questions