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.

Answers

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

The very top layer of Earth is the crust, which is relatively quite thin when compared to the other layers of Earth. Which of these best describes the composition of Earth's crust?

Answers

Answer:

Metallic

Explanation:

mention the difference among act law and rule regulation​

Answers

When we hear that something is against the law, we generally don't question where the law comes from. But 'the law' can mean a lot of things, from general ideas about jurisprudence all the way down to a written ordinance. And while the words 'law' and 'regulation' are often used interchangeably, they can refer to very distinct things.

Although the effect of laws and regulations can often be the same, it is important to understand how they are different.

Letter of the Law

Laws are the products of written statutes, passed by either the U.S. Congress or state legislatures. The legislatures create bills that, when passed by a vote, become statutory law.

For example, in response to the stock market crash of 1929, Congress passed the Securities and Exchange Act of 1934 in an effort to curb securities fraud and insider trading. The Act is codified in the United States Code as Title 15, Section 78a, and, among other things, prohibits the disclosure of false or misleading information related to securities transactions. The Securities and Exchange Act also created the Securities and Exchange Commission, tasked with enforcing federal securities laws.

Rules of Regulations

Regulations, on the other hand, are standards and rules adopted by administrative agencies that govern how laws will be enforced. So an agency like the SEC can have its own regulations for enforcing major securities laws. For instance, while the Securities and Exchange Act prohibits using insider or nonpublic information to make trades, the SEC can have its own rules on how it will investigate charges of insider trading.

Like laws, regulations are codified and published so that parties are on notice regarding what is and isn't legal. And regulations often have the same force as laws, since, without them, regulatory agencies wouldn't be able to enforce laws.

If you need legal help with a regulatory question, you may want to talk to an experienced government agencies and programs attorney near you.

why do we need a constitution ?​

Answers

Answer:

It is an important law of the land. It determines the relationship of the citizens with the governments.

Explanation:

A Constitution is necessary because of the following reasons: It is an important law of the land. It determines the relationship of the citizens with the governments. ... It outlines the limits on the power of the Government and tells us about the rights of the citizens.

Walt is asked to give a speech to his coworkers, and he decides to try to use a speech written by the great speaker President John F Kennedy. Walt is unlikely to succeed in his speech because _____. A. The audience will sense that he is being insincere b. The audience will not understand why he is speaking oddly c. The audience will lack engagement with his speech. D. All of the above.

Answers

Answer:

D) all of the above

Explanation:

Answer:

D

Explanation:

just took the test

Identify the reasons why the just world hypothesis helps us feel like the world is a saner, safer place.

Answers

The reasons why hypothesis helps us feel like the world is a saner, safer place are:

Complex phenomena can be studiedProblems can be solved sequentially

Hypothesis is the use of research to find a possible explanation to the events that happen around us. Most times, scientific method is employed in order to test a hypothesis.

As a result of this, the use of hypothesis would make people feel that the world would be a saner, and safer place because any phenomena which is not yet understood can easily be broken down and understood.

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a distinguishing feature of adolescent formal operational thought is the capacity to think in terms of possibility rather than only in terms of reality.

Answers

According to a research study, it is true that a distinguishing feature of adolescent formal operational thought is the capacity to think in terms of possibility rather than only in terms of reality.

This is according to Piaget's theory of cognitive development.

He also states that the final stage of cognitive development is characterized by systemic logic and abstract ideas ability, which comes from the maturation and experience of individuals.

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

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which document served as a model for the bill of rights

Answers

Answer:which document served as a model for the bill of rights

Explanation:

A researcher pretest a group of participants to determine their attitudes toward the use of alternative energy sources to replace crude oil. The researcher then initiates a program to convince them that they should invest in such alternatives. During this time, the price of gasoline rises $.50 per gallon. At the end of the program, The researcher retestes and finds that the participants are much more positive in their attitudes. What threat to internal validity most likely accounts for this change?
A. History
B. Maturation
C. Testing
D. Regression toward the mean

Answers

Answer: A) History

To understad the threats to internal validity during this research, the element that has to be considerate this case is history. The event in time that occure during the experiment, was the rising of the price of gasoline per gallon. Since the research had to do with determining attitudes toward the use of alternative energy, this event of the rising of the gasoline price, is a factor that may affect the validity of the investigation. Since this can defenetly modify the real position or previews position of the subjects towards the use of alternative energy. This specific aspect definetly changes the pretests done by the researcher.

In one study of over 100,000 people, _____ percent of veterans returning from Iran and Afghanistan were diagnosed with a psychological disorder.

Answers

According to a study, 25 percent of over 100,000 people which are veterans that are coming from Iran and Afghanistan were said to be suffering from psychological disorder.

Mental disorders can be regarded as patterns of behavioral or psychological symptoms  which has impacts on  various areas of life.

These veterans that were returning from Iran and Afghanistan could have gotten the mental disorder due to many factors such as environmental factors in Iran which could be due to war.

Therefore, psychological disorder is the correct term.

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how many requirements are there to become the president of the united states?

Answers

Step 1: Meet the Minimum Requirements

must be at least 35 years old must be a resident of the U.S. for at least 14 years must be a natural-born citizen

Step 2: Volunteer

Step 3: Lay a Foundation

Step 4: Earn a Degree

Step 5: Join the Military

Step 6: Run for Office

register with the Federal Election Commission (FEC) file a Statement of Candidacy within 15 days of reaching $5000.00 file a Statement of Organization report your campaign income and expenditures to the FEC on a quarterly basis declare your candidacy publicly begin your campaign to win the Office of the President of the United States of America

what can be prepared ahead of time for thanksgiving

Answers

Decorationssss & buy your groceries oh and meal prep

In the context of conversations, women tend not to speak to men with the same ______ toward other women.

Answers

I am pretty sure its “Tone”

In the context of conversations, women tend not to speak to men with the same Tone toward other women.

What is a Tone?

A tone can be described as a general context of character or attitude of a place or an individual or even a piece of writing. A tone describes the manner in which a piece of information is passed.

Generally, women tend to speak to their fellow women in a more informal tone. Some women tend not to speak with men with the same tone as they do toward other women.

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the theory that refers to seeing ourselves as others see us in addition to taking on or pretending to take on the roles of others is known as

Answers

Answer:

The presentation of ourselves to others is known as dramaturgy.

Explanation:

Answer:

a :role taking

Explanation:

how is identity transmitted through education

Answers

Answer:

Through education, individuals can build self-esteem among them the confidence to face the world and society and to understand the heart's desire.

Explanation:

Education is the base of anyone 's identityYou can't spend your whole life lying on your family's identity .Education helps in building self respect.It helps to create an own stage for us So it helps in creating identity

if marshall has a high score in openness and a low score in neuroticism on the big 5 personality test, he is likely to be

Answers

Neuroticism is a personality trait which is very likely to experience behavior of negative affects like anger, anxiety, irritability, depression etc.

Because Marshall has a high score in openness and a low score in neuroticism, that means he possess low quality of the Neuroticism personality trait.

Usually, one who score low on neuroticism personality test will usually

Keep calm in stressful situationsAlways more optimisticUse to worry lessHaving stable mood etc

Therefore, Marshall is likely to possess the listed behaviors.

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In ________, we learn to associate two stimuli; in ________, we learn to associate a response with its consequence.

Answers

Answer:

classical conditioning

operant conditioning

Explanation:

There are two types of conditioning. In case of classical conditioning, one learns to associate two stimuli; in operant conditioning, one learns to associate a response with its sequence.

What is classical and operant conditioning?

Conditioning is a branch of human psychology that deals with the study of the learnings and adaptations of the brain to newer things. There are basically two types of conditioning, classical and operant.

Classical conditioning is also referred to as the process of automatic learning that a human adapts to. In this, a potent stimulus is paired with or to an existing neutral stimulus.

Whereas, in operant conditioning, the behavior or a change in which the human is rewarded or punished for the acts. The sequence and responses to a consequence are not subject to change in this.

Hence, the classical and operant conditioning are the two different types of conditioning associated with human behavior of learning.

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A tenured college professor may rank high in prestige, but relatively low in income. What might one predict about her political views

Answers

Answer:

nothing

Explanation:

nothing

For Premack, a reinforcing stimulus is any relatively high-probability behavior. A/an ________ stimulus would then be any relatively low-probability behavior.

Answers

Answer:

answer

Explanation:

answer

The United States has a two-party system. The two major parties are the Republicans and Democrats.
Group of answer choices

a. True

b. False

Answers

Answer:

true

Explanation:

it's true because I searches it

the answer is A : true

What was the result of the action or deed that took place every time you made a decision with a burst of anger felt? And what will be the consequence of what you did if you make a decision based on positive emotions?​

Answers

everytime you make decisions out of anger, it would come out as a bad result because when you are angry, you might tend to lose control of your thoughts that's why it is not healthy to make desicion with a burst of anger.

when making decisions on a positive emotions it would always come out way better and you would end up with positive results.

Explain two ways in which the traditional roles of the males in the family are changing .

Answers

Answer:

uses to only males went to work but now males and females go to work and the males used to run the house but now its both male and female Explanation:

What is an eclipse? ive been waiting for a while

Answers

He/she’s answer is the perfect explanation.

PLZZZZ I NEED HELP ASAP!!! *39 points!!*

The 1876 ___________ was an important step to Bulgarian independence from the Ottoman Empire.

A. Battle of the Balkans

B. Sofia Revolt

C. April Uprising

D. Bulgarian War of Independence

Answers

Answer:

B

Explanation:

it was during the elections

Answer:

I think the answer is C that all I remember

Write the eaasy on child rights ​

Answers

Explanation:

essay:

children should take english and typing classes to avoid spelling mistakes

an ethnic religion located in south asia, has a strict social hierarchy called the caste system

Answers

Hinduism from India (South Asia) also the caste system provided no social mobility

3. Labour Productivity – what is the meaning of this? How does this relate to Macro economy?

Answers

Labor productivity measures the hourly output of a country's economy. Specifically, it charts the amount of real gross domestic product (GDP) produced by an hour of labor.

Mark Brainliest Please

Answer:

hope that may help you:)

Explanation:

Labor productivity measures the hourly output of a country's economy. Specifically, it charts the amount of real gross domestic product (GDP) produced by an hour of labor. Growth in labor productivity depends on three main factors: saving and investment in physical capital, new technology, and human capital

Productivity is the key source of economic growth and competitiveness. A country's ability to improve its standard of living depends almost entirely on its ability to raise its output per worker (i.e., producing more goods and services for a given number of hours of work).

what are the objectives of the constiuent assembly​

Answers

Answer:

A constituent assembly or constitutional assembly is a body or assembly of popularly elected representatives which is assembled for the purpose of drafting or adopting a constitution or similar document.

mention any one strong aspect carried out by the implementation pf federalism​

Answers

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Challenges and Opportunities, Decentralization, Federalism, Health Reform, Health Sector, Nepal

above answer can help you

black friday is the biggest day of the year for what trade profession?

Answers

Although many think its retail, its actually plumbers

Shelt answer
answer que
2 while the impo tance of executive

paragraph.

Answers

Answer:

To enforce laws and maintain law and order in the state

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