11. Information in labor marketsThe marginal productivity theory states that if a firm operates in a perfectly competitive factor market, it pays each factor of production its marginal revenue product. However, this theory may fail to hold if factor markets are not competitive.One circumstance under which factor markets may fail to be competitive is if there is imperfect information. Which of the following are examples of how information problems can lead to inefficient outcomes? Check all that apply.1. Firms may discriminate against workers or suppliers they don't trust.If a firm can't tell who its most productive workers are, it must pay everyone 2. the same wage.3. Workers who are actually productive may not be hired if they don't have the credentials required by a screening process.

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Answer 1

Two examples of inefficient outcomes derived from information problems are when firms pay every employee the same because they do not know their rate of production (option 1), and when workers are not hired due to lack of credentials (option 2).

In businesses, productivity and outcomes depend on different factors such as:

Resources.Workers.Management.Information.Among others.

From these factors, one of the most important is information because based on this, the other factors are appropriately or inappropriately managed. Due to the above, information issues might affect productivity, two examples are:

Firms pay every employee the same because they do not know their rate of production: This problem derives from the lack of information about employees' rate of production and can increase costs or decrease production.Workers are not hired due to lack of credentials: Lack of information about candidates' skills can make firms not hire the best employees and this indirectly reduces productivity.

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Related Questions

In most U.S. states, a person is considered legally intoxicated for driving when the concentration of alcohol in the bloodstream reaches __________ percent.

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In the United States, 0.08% blood alcohol level is the legal alcohol limit for drivers who are over 21 years of age. Drivers younger than 21 aren’t allowed to have any alcohol in their system when driving.

When you add up the value of someone's property and subtract that person's debt, you have what sociologists call

Answers

Answer:

wealth

Explanation:

The need for Lite Bite to recall its almond chocolate bars suggests that it had to be very concerned with:

Answers

Reverse logistics entails bringing goods back to the manufacturer due to the fact that there is defects or for recycling of materials. The need for Lite Bite to recall its almond chocolate bars suggests that it had to be very concerned with Reverse logistics.

Reverse logistics is known to be a type of supply chain management. It is the process that moves goods from customers back to the sellers or manufacturers.

It centers around if a customer receives a product and processes such as returns or recycling. An example, if a product is found faulty, it is sent back to the manufacturer for testing, repairing etc.

Four channels are in this logistics. They are recycling, reuse, remanufacturing, and final disposal.

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Almost no one shovels snow for fun, but rather, as a means to an end. Performing an action for fun reflects _____ motivation.

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Extrinsic

Answer from Quizlet

the rorschach test and the thematic apperception test are two prominent examples of __________ tests.

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Answer:

projective tests

Explanation:

Two prominent examples of projective tests are the Rorschach Inkblot Test (Rorschach, 1921) and the Thematic Apperception Test (TAT) (Morgan & Murray, 1935).

trait theories of personality differ from psychodynamic and humanistic approaches because they

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Trait theories of personality are different from these other two because of the fact that they describe behavioral tendencies that are consistent over time.

The trait theory can be described as on of the way through which human personalities can be studied and analyzed.

This theory has to do with the measurement of the traits of people that can be understood through the idea that everyone has distinct traits or characteristic ways that they do things.

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How did the study of the atom contribute to our understanding of the periodic table of the elements? (1 point)
Item
O
Atoms are representative of elements, so scientists scaled up atomic characteristics to understand
elemental characteristics, allowing scientists to arrange elements in a periodic table.
Item
Item
Elements are made of atoms, so understanding atoms provided information about elements, which led to
the organization of the periodic table
Item
Item
O
The determination of electron charge led to an understanding of how atoms interact with one another, which
facilitated the organization of the periodic table.
Item
Item
Experiments that identified characteristics of atoms provided scientists with atomic weights and atomic
numbers, which were used to organize the periodic table.
Item
Item

Answers

The study of the atom played a pivotal role in understanding of the periodic table of the elements as D. Experiments that identified characteristics of atoms provided scientists with atomic weights and atomic numbers, which were used to organize the periodic table.

It should be noted that the properties of atoms has a direct impact on the number if electrons in various orbitals. The atomic theory establishes the concept of atoms and how they're able to compose matter.

The study of the atom contributed to the understanding of the periodic table of the elements as the experiments that identified characteristics of atoms provided scientists with atomic weights and atomic numbers.

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Answer:

it is D experiments that identify the characteristics of atoms provided sciences with atomic weights and atomic numbers which were used to organize the periodic table

which theory best explains the occurrence of afterimages

Answers

Answer:

The opponent process theory

Explanation:

what is the most important power given to congress?

Answers

The most important power Congress has is to make laws, and a bill only becomes a law after it has passed both the House of Representatives and the Senate.

importance of change management in an organisation

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Answer:

The main 2 importance of change in management in a organization are:-

(i) It drives the successful adoption and usage of change within the business.

(ii) Also to consider the impact of your policies on the individuals who will be implementing these changes.

Hope you found it useful

How does inflation impact purchasing power and in a “domino effect” impact savings?

Answers

Answer:

Impact in Purchasing Power

Inflation is defined as a decrease in the buying power of a currency, which has the consequence of increasing the price of items. In order to assess buying power in the classic economic sense, you would compare the price of an item or service to a price index, such as the Consumer Price Index, which measures inflation (CPI).

Explanation:

Impact in Savings

When you save money, inflation might lower the value of your savings over time since prices are expected to rise in the future. This is particularly obvious when dealing with cash. When you store your money in a bank, you may be able to receive interest, which may help to offset some of the impacts of inflation on your finances. When inflation is strong, banks are more likely to offer higher interest rates to customers.

assertion (A): According to the constitution of 1791, not all citizens had right to vote. Reason (R): Only men above 18 years of age who paid taxes equal to at least 3 days of a labourer’s wage were given right to vote.ertion (A): According to the constitution of 1791, not all citizens had right to vote. Reason (R): Only men above 18 years of age who paid taxes equal to at least 3 days of a labourer’s wage were given right to vote.

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Consumer prices soar 6.2% in October, largest jump since November 1990: The Consumer Price Index, often used as an inflation barometer as it measures the prices consumers pay for everyday goods and services, jumped by a higher-than-expected 0.9% last month. It surged 6.2% since last October, the largest 12-month increase since November 1990. #accelerationism

Jenna is reevaluating and recording the facts about her adolescent and adulthood years. According to the Grant Study by George Vaillant, Jenna is most likely in her _____.

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According to the Grant Study, Jenna is most likely to be in her 40s when she was reevaluating and recording the facts about her adolescent and adulthood years.

Let understand that "Grant Study" is part of the Research work on Adult Development at Harvard Medical School.

The purpose of the Research was to explain the phenomenon concerning Adult Development.

Generally, the adolescent age ranges from age 10 to 19 while the adult middle age starts at age 40  

Therefore, according to the Grant Study, Jenna is most likely to be in her 40s when she was reevaluating and recording the facts about her adolescent and adulthood years.

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the mental process people use to explain their behavior and the behavior of others is called

Answers

Answer: Attribution

Explanation:

It's a key part of social psychology.

Paul Wong (2017) used the term ______ to describe well-being derived from the spiritual/existential dimension.

Answers

Answer:

noetic happiness

The answer is noetic happiness.

What is Noetic happiness?

Mature or noetic happiness is characterized by a sense of acceptance, inner serenity, harmony, contentment, and being at peace with oneself, others, and the world.

What does noetic mean in philosophy?

In philosophy, noetic is a branch of metaphysics concerned with the study of the mind as well as intellect.

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State and briefly describe ways in which families are formed​

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what do u mean family are formed

how long does tramadol stay in your system for drug test

Answers

Answer:

It depends

Explanation:

Tramadol is detectable in urine for 1-4 days after last use, in hair for 4-6 months, in saliva for up to 48 hours, and in blood for about 12-24 hours.

I hope you asked this question for seeking knowledge only...

Which behavioral characteristic, according to temperament theory, is demonstrated by a slow-to-warm up child

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According to the temperament theory, a negative reaction to new stimuli is demonstrated by a slow-to-warm up child

The term called "slow-to-whild" describes child who are very uneasy or cautious in new situations and unfamiliar people.

In other word, the "slow-to-whild" child are cautious, has shy personality, sensitive and withdrawn in the society,

In conclusion, a negative reaction to new stimuli is demonstrated by a slow-to-warm up child

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write any two areas where there is acute need of inclusion in nepal? ​

Answers

Answer:

The two areas are -

The kanchenjunga mountain valley

The base camp no. 2 of mount Everest

Explanation:

who is the greatest female tennis player of all time

Answers

Answer:

Steffi Graf

Explanation:

Third parties have a difficult time winning for all of the following reasons EXCEPT that Multiple Choice it is more difficult for a third party candidate to get on the ballot. most Texans identify with one of the two major parties. general election candidates need a majority to win. representatives run in single-member districts.

Answers

In the United States, there are two major parties which are the Democratic and Republican parties. All of these are reasons why third parties have a difficult time winning except;

Representatives run in single-member districts.

Single-member districts are those where a single officeholder vies for a seat. There are higher chances of such a candidate winning than in multi-member districts.

So, this does not account for why third parties have a difficult time winning.

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different methods of judicial selection have an impact on judicial independence. identify the methods more likely to make judges more accountable to voters and those likely to make judges more accountable to elected officials.

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Based on various judicial selection methods available, the way more likely to make judges more accountable to voters is Election.

Through the election, voters can decide which judge they believe will represent their interest.

Also, judges would act based on the idea that they could be voted out when their tenure elapsed if they didn't serve the voters' interest.

In contrast, the method that is likely to make judges more accountable to elected officials is the selection by appointment.

When judges are selected based on appointment for a particular period, either from the executive, legislative body, or both executive and legislative, such judges would have a high tendency to serve the interest of those who appointed them.

The interest of the elected officials may, however, go against the interest of the voters/people/citizens at large.

Hence, in this case, it is concluded that various judicial selection processes may directly impact the judge's performance.

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what do you mean by cooperative​

Answers

Answer:

It means working together with other people

Cooperative

is ​involving mutual assistance in working toward a common goal.

Cooperative is someone who is willing to work with others nicely, or is working together towards achieving a common goal, relating to an organization owned and operated by the people who work there or use its services a cooperative store. cooperative. noun.

hope this helps!

In the United States, a person moving from one job to a comparable job is engaged in what sociologists call __________ mobility.

Answers

Horizontal mobility is what they call it.

what countries have a nuclear powered aircraft carrier

Answers

Only France and the United States have nuclear-powered aircraft-carriers.

which of the following positions is not a part of the Presidential Cabinet is outlined in the constitution?

A. Attorney General
B. Vice President
C. Secretary of State
D. Secretary of Defense​

Answers

Answer:

Attorney General. Im not 100 percent sure of the answer

Explanation:

Answer:

VP

Explanation:

hope it helps

which modern christmas film almost starred jim carrey?

Answers

The modern Christmas film almost that starred Jim Carrey is known as Elf.

Elf is a Christmas comedy film that was released in 2003. It was originally written by David Berenbaum and was directed by Jon Favreau.

Jim Carrey is originally known as James Eugene Carrey. He is a Canadian-American actor, comedian, writer, and producer.

Elf movie almost that starred Jim Carrey in 2003 before it eventually started Will Farrell.

Hence, in this case, it is concluded that the correct answer is "Elf."

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donald trump’s presidential campaign in 2016 was consumed with rhetorical attacks on mexicans, muslims, and immigrants more generally. as president, in what ways did those attacks turn into actions?

Answers

Donald Trump's attacks came true when he failed to hold the traditional Ramadan dinner, built a wall between Mexico and the United States, and separated immigrant parents from their children.

Donald Trump New York, June 14, 1946, is a well-known American businessman and politician who served as President of the United States of America from January 20, 2017, to January 20, 2021, being the 45th president of the USA.

In June 2015, he announced his candidacy for the 2016 presidential election. His campaign received unprecedented media coverage and great international attention. Many of his statements in interviews, on social media, and in campaign demonstrations were controversial due to the opposition he had towards the Muslim, Latino, and immigrant population.

Later, he won the November 8, 2016, general election against Democratic rival Hillary Clinton, and became president on January 20, 2017, at the age of 70. During his tenure, many of the attacks he made in the field came true. For example:

He did not celebrate Ramadan with a dinner at the White House as previous presidents had.He never spoke out against xenophobic attacks against Muslims in the United States and other countries.He strengthened the immigration guard, causing the separation of families at the borders.He reinforced and built the wall between the United States and Mexico to prevent the entry of immigrants.

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Apartheid is a specific example of what system of social stratification?

Answers

Answer:

Apartheid is a specific example of social stratification based on race.

Apartheid  was the name given by the party to its racial segregation policies, which built on the country's long history of segregation between the ruling white minority and the nonwhite majority.

What was Apartheid?

Apartheid was a system of institutionalized racial segregation that lasted from 1948 to the early 1990s in South Africa and South West Africa (now Namibia). Apartheid was defined by an authoritarian political culture which ensured that the nation's dominant minority white population dominated South Africa politically, socially, and economically.

According to this social stratification system, white citizens had the highest status, followed by Indians and Coloreds, and then black Africans. Apartheid's economic and social legacies, particularly inequality, persist to this day.

Therefore, Apartheid is a specific example of what system of social stratification.

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With regard to the validity of Piaget's theory of cognitive development, which criticism would be the most accurate

Answers

Answer: Varies

Explanation:

Every individual develops differently.

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