Moodle X ( 7 X U Q Q Q B Question 49 Not yet answered Marked out of 2 P Flag question Which one of the following best exemplifies the principal-agent problem in the employer-employee relationship? Select one: O a. A worker takes 20-minute coffee breaks although the employer allots only 15 minutes for this purpose. O b. A worker is on the job 50 hours per week although only 40 hours are required for promotion. O c. A worker opts for early retirement in response to the firm's incentive plan. O d. A worker's productivity is independent of the wage paid. Previous page Next page Quiz navigation 12 15 17 11 13 14 16 19 19 9 23 22 23 24 16 8 9 10 36 37 38 39 40 41 42 83 41 5 45 47 4 85Moodle X ( ) X C O B Q B Wage WEBCAM RECORDING Wage rate rate 0 Figure 1 Q 0 Figure 2 Q Wage MRC Wage rate rate 0 Figure 3 Q 0 Figure 4 Q Wage MRC rate 0 Figure 5 Q Refer to the labor market diagrams. The tactics of exclusive unionism are portrayed in Figure left 1:38:11 SMoodle X Tate 0 Figure 5 Q Refer to the labor market diagrams. The tactics of exclusive unionism are portrayed in Figure Select one: O a. 4. Ob. 3. O c. 2 . O d. 1 . Next page Previous page Quiz navigation 1 91 51 91 81 21 14 01 6Moodle X ( 7 X C O B Q B . WEBCAM RECORDING SSSS Wage Rate 0 Q1 Q2 Q3 Q Quantity of Labor Refer to the diagram. Assuming no union or relevant minimum wage, the firm represented will hire D Select one: O a. Q2 workers and pay a W4 wage rate. O b. Q2 workers and pay a W, wage rate. O c. Q3 workers and pay a W2 wage rate. O d. Q4 workers and pay a W, wage rate. 1.38:22 SMoodle X MRC D WEBCAM RECDROMA C S Wage Rate D 0 E F G Employment Refer to the diagram. If this labor market is monopsonistic, the wage rate and level of employment will be Select one: O a. B and E, respectively. O b. C and F, respectively. O c. Band G, respectively. O d. A and F, respectively. left 1:37:42Moodle X ( + X C | @ | B Q B Question 40 Not yet answered Marked out of 2 P Flag question abor Demand Data Employment Marginal Product Labor Supply Data Product Price 0 Employment 0 Wage Rate 1 $3 0 14 $11 3 2 1 12 11 3 2 11 w 19 3 3 11 4 7 3 4 11 4 3 5 11 2 3 6 11 The table shows labor demand data on the left and labor supply data on the right The firm will maximize profits (or minimize losses) by employing Select one: O a. 2 workers. O b. 3 workers. O c. 4 workers. O d. 5 workers. left 1:41:11Moodle X MRC Wage Rate D 0 E F G Employment Refer to the diagram. If this labor market is purely competitive, the wage rate and level of employment respectively will be Select one: O a. Dand E. Ob. Cand E. O c. Band G. O d. Band F. Time left 1:37:29Moodle X Question 48 Not yet answered Marked out of 2 P Flag question Compensating differences in wages Select one: O a. compensate workers for differences in their human capital. O b. reward workers differently based on differences in the desirability of jobs. O c. describe the tendency for the wages of all occupations to adjust to the median level. O d. do not exist if jobs have different nonmonetary characteristics. Previous page Next page Quiz navigation 18 12 13 14 15 16 17 19 20 21 22 23 242 10 11Moodle X Question 50 Answer saved Marked out of 2 P Flag question Paying an above-equilibrium wage rate might reduce unit labor costs by Select one: O a. permitting the firm to attract lower-quality labor. O b. increasing the opportunity cost to workers of being fired for shirking O c. increasing voluntary worker turnover. O d. increasing the supply of labor. Previous page Finish attempt.. Quiz navigation 9 19 20 21 22 23 24 25 10 12 13 14 15 16 23 34 35 36 37 38 39 40 41 1 2 43 44 4564083Moodle X Not yet answered Marked out of 2 P Flag question Single Firm Market a Wage Rate $5 W Wage Rate C O 5 0 500 Employment Employment Refer to the diagrams. The firm Select one: O a. has a principal-agent problem. O b. has a constant marginal resource cost of $5. O c. has a marginal resource cost that exceeds the wage rate for each worker. O d. will fail to maximize profits if it hires 5 workers.Moodle X Question 42 WEBCAM RECORDING Not yet answered Marked out of 2 P Flag question Quantity of Labor Total Product Total Revenue 1 4 $16 2 8 32 3 11 44 4 13 52 5 14 56 Refer to the given data. The marginal revenue product of the second worker is Select one: O a. $16. Ob. $32. O c. $8. O d. $4. Next page 1.38:43Moodle X . WEBCAM NERDROWN Question 43 Not yet answered Marked out of 2 P Flag question The labor supply curve facing a purely competitive employer is , whereas the labor supply curve facing a monopsonist is Select one: O a. upsloping; horizontal O b. downsloping; vertical O c. vertical; upsloping O d. horizontal; upsloping Next page Previous page Quiz navigation