Suppose the cookie producers create a positive externality equal to $2 per dozen. What is the relationship between the equilibrium quantity and the socially optimal quantity of cookies to be produced?
Address the following questions on Strategic Compensation:
* Elucidate what should Paul, the Director of Human Resources, do to determine how Plastec (a company that manufactures plastic) compares with other area employers in terms of wages and benefits?
* How could Plastec motivate its machine operators to stay? To increase their productivity?
* The majority of the machine operators are in their mid to late forties, some with families, some without. What types of benefits would you suggest offering?